Banking in India

Banking in India


  • The first bank established in India was Bank of Hindustan, which was started in 1770. Second was The General Bank of India, which started in 1786.
  • The oldest bank still in existence in India is the State Bank of India. It was originated in the Bank of Calcutta in June 1806. Bank of Bengal, Bank of Bombay and Bank of Madras, these three banks merged in 1921 to form the Imperial Bank of India, which was converted as State Bank of India in 1955.
  • The first Indian bank to have been started solely with Indian capital investment is Punjab National Bank.
  • The first Indian bank to open overseas branch is Bank of India. It established a branch in London in 1946.

Things to Know about India

Things to Know about India


  •  Fundamental Rights to Indian Citizens

§  Right to Equality
§  Right to Freedom
§  Right against Exploitation
§  Right to Freedom of Religion
§  Cultural and Educational Rights
§  Right to Constitutional Remedies