List of oldest banks in India

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

The oldest bank in India is the Bank of Bombay, founded in 1720, followed by the Bank of Hindustan, founded in 1770.

The oldest bank still in operation is the State Bank of India, whose origins can be traced back to the Bank of Calcutta, was founded in 1806, though the seventh to be founded.[1]

List of oldest banks
RankName of the BankYear of FoundingYear of ClosingPresent StatusHeadquartered inReferences[2]
1Bank of Bombay17201770DefunctBombay[3][1][4]
2Bank of Hindustan17701832DefunctCalcutta[3][1][5]
3General Bank of Bengal and Bihar17731775DefunctCalcutta[3][1][6]
4Bengal Bank17841791DefunctCalcutta[3][1][7]
5General Bank of India17861791DefunctCalcutta[3][1][8]
6Carnatic Bank17881843Merged with the Bank of Madras, presently the State Bank of IndiaMadras Presidency[3][1][9]
7British Bank of Madras17951843Merged with the Bank of Madras, presently the State Bank of IndiaMadras Presidency[3][1][10]
8Bank of Calcutta18061921Merged with the Imperial Bank of India, presently the State Bank of IndiaCalcutta[3][1][11]
9The Commercial Bank18191828Merged with The Calcutta Bank to form The Union BankCalcutta[3][1][12]
10The Calcutta Bank18241828Merged with The Commercial Bank to form The Union BankCalcutta[3][1][13]
11The Bank of India18281829DefunctCalcutta[3][1][14]
12The Union Bank18281848DefunctCalcutta[3][1][15]
13The Government Savings Bank18331843DefunctCalcutta[3][1][16]
14The Agra & United Service Bank18331866DefunctAgra[3][1][17]
15The Bank of Mirzapore18351837DefunctMirzapur[3][1][18]
16Bank of India (London)18361836DefunctCalcutta[3][1][19]
17North Western Bank of India18401859DefunctMussoorie[3][1][20]
18Bank of Bombay18401921Merged with the Imperial Bank of India, presently the State Bank of IndiaBombay[3][1][21]
19Bank of Asia18411842DefunctLondon[3][1][22]
20The Bank of Ceylon18411849Merged with the Oriental Bank CorporationColombo[3][1][23]
21The East India Bank18421842DefunctLondon[3][1][24]
22The Oriental Bank Corporation18421884DefunctBombay[3][1][25]
23The Agra Savings Fund18421863DefunctAgra[3][1][26]
24The Bank of Madras18431921Merged with the Imperial Bank of India, presently the State Bank of IndiaMadras[3][1][27]
25Delhi Bank Corporation18441844DefunctDelhi[3][1][28]
26The Benares Bank18441850DefunctBenares[3][1][29]
27Simla Bank Limited18441893DefunctShimla[3][1][30]
28The Commercial Bank of India18451866DefunctBombay[3][1][31]
29The Cawnpore Bank18451851DefunctKanpur[3][1][32]
30The Dacca Bank18461862Merged with the Bank of Bengal, presently State Bank of IndiaDhaka[3][1][33]
31The London Bank of Australia and India18521852DefunctAgra[3][1][34]


Locations of headquarters

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

RankName of the CityNumber of Ancient Banks Headquartered
1Calcutta11
2Bombay4
3Agra3
4Chennai/Madras2
5London2

See also

References
  1. "The Evolution of Banking in India". 3 December 2018.
  2. "The World's Biggest Employers". Forbes. Retrieved 31 July 2015.
  3. "Reserve Bank of India - Museum". rbi.org.in.
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