List of oldest banks in India

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This list of the oldest banks in Indian subcontinent includes financial institutions that were founded in the 18th and 19th centuries. Listed are the forty oldest banks in India, which includes all financial institutions founded prior to 1850.

The oldest bank in India is The Madras Bank (1683), followed by the Bank of Bombay, founded in 1720, which is then followed by the Bank of Hindustan, founded in 1770.

Imperial Bank of India was succeeded by State Bank of India in 1955 and State Bank of Pakistan in 1948 respectively whose origins can be traced back to the Bank of Calcutta. It was founded in 1806, though the tenth to be founded.[1][2]


More information Rank, Name of bank ...
RankName of bankYear of foundingYear of closingPresent statusHeadquartered inReferences[3]
1The Madras Bank (1683)16831843Merged to form Bank of Madras, presently the State Bank of IndiaMadras Presidency[4][2][5]
2Bank of Bombay17201770DefunctBombay[2][4][5]
3Bank of Hindustan17701832DefunctCalcutta[2][4][5]
4General Bank of Bengal and Bihar17731775DefunctCalcutta[2][4][5]
5Bengal Bank17841791DefunctCalcutta[2][4][5]
6General Bank of India17861791DefunctCalcutta[2][4][5]
7Carnatic Bank17881843Merged to form Bank of Madras, presently the State Bank of IndiaMadras Presidency[2][4][5]
8British Bank of Madras17951843Merged to form Bank of Madras, presently the State Bank of IndiaMadras Presidency[2][4][5]
9The Asiatic Bank (1804)18041843Merged to form Bank of Madras, presently the State Bank of IndiaMadras Presidency[2][4][5]
10Bank of Calcutta18061921Merged with the Imperial Bank of India, presently the State Bank of IndiaCalcutta[2][4][5]
11The Commercial Bank18191828Merged with The Calcutta Bank to form The Union BankCalcutta[2][4][5]
12The Calcutta Bank18241828Merged with The Commercial Bank to form The Union BankCalcutta[2][4][5]
13The Bank of India18281829DefunctCalcutta[2][4][5]
14The Union Bank18281848DefunctCalcutta[2][4][5]
15The Government Savings Bank18331843DefunctCalcutta[2][4][5]
16The Agra & United Service Bank18331866DefunctAgra[2][4][5]
17The Bank of Mirzapore18351837DefunctMirzapur[2][4][5]
18Bank of India (London)18361836DefunctCalcutta[2][4][5]
19The North Western Bank of India18401859DefunctMussoorie[2][4][5]
20Bank of Bombay18401921Merged with the Imperial Bank of India, presently the State Bank of IndiaBombay[2][4][5]
21Bank of Asia18411842DefunctLondon[2][4][5]
22The Bank of Ceylon18411849Merged with the Oriental Bank CorporationColombo[2][4][5]
23The East India Bank (1842)18421842DefunctLondon[2][4][5]
24The Oriental Bank Corporation18421884DefunctBombay[2][4][5]
25The Agra Savings Fund18421863DefunctAgra[2][4][5]
26The Bank of Madras18431921Merged with the Imperial Bank of India, presently the State Bank of IndiaMadras Presidency[2][4][5]
27Delhi Bank Corporation18441916Merged with the Alliance Bank of SimlaDelhi[2][4][5]
28The Benares Bank18441850DefunctBenares[2][4][5]
29The Simla Bank Limited18441893DefunctShimla[2][4][5]
30The Commercial Bank of India18451866DefunctBombay[2][4][5]
31The Cawnpore Bank18451852DefunctKanpur[2][4][5]
32The Dacca Bank18461862Merged with the Bank of Bengal, presently State Bank of IndiaDhaka[2][4][5]
33The London Bank of Australia and India18521852DefunctAgra[2][4][5]
34Chartered Bank of Asia18521855DefunctLondon[2][4][5]
35Chartered Mercantile Bank of India, London & China18531853DefunctLondon[2][4][5]
36Chartered Bank of India, Australia and China18531853DefunctLondon[2][4][5]
37The London and Eastern Banking Corporation18541857DefunctLondon[2][4][5]
38The Comptoir D'Escompte of Paris18541854DefunctParis[2][4][5]
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Locations of headquarters

The below cities are frequently listed among the headquarters of the banks mentioned in the above table.

More information Rank, Name of city ...
RankName of cityNumber of ancient banks headquartered
1Calcutta11
2London6
3Madras5
4Bombay4
5Agra3
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See also

References

External links

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