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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] [ 1]
Rank
Name of bank
Year of founding
Year of closing
Present status
Headquartered in
References[ 2]
1
The Madras Bank (1683)
1683
1843
Merged to form Bank of Madras , presently the State Bank of India
Madras Presidency
[ 1] [ 1] [ 3]
2
Bank of Bombay
1720
1770
Defunct
Bombay
[ 1] [ 1] [ 3]
3
Bank of Hindustan
1770
1832
Defunct
Calcutta
[ 1] [ 1] [ 3]
4
General Bank of Bengal and Bihar
1773
1775
Defunct
Calcutta
[ 1] [ 1] [ 3]
5
Bengal Bank
1784
1791
Defunct
Calcutta
[ 1] [ 1] [ 3]
6
General Bank of India
1786
1791
Defunct
Calcutta
[ 1] [ 1] [ 3]
7
Carnatic Bank
1788
1843
Merged to form Bank of Madras , presently the State Bank of India
Madras Presidency
[ 1] [ 1] [ 3]
8
British Bank of Madras
1795
1843
Merged to form Bank of Madras , presently the State Bank of India
Madras Presidency
[ 1] [ 1] [ 3]
9
The Asiatic Bank (1804)
1804
1843
Merged to form Bank of Madras , presently the State Bank of India
Madras Presidency
[ 1] [ 1] [ 3]
10
Bank of Calcutta
1806
1921
Merged with the Imperial Bank of India , presently the State Bank of India
Calcutta
[ 1] [ 1] [ 3]
11
The Commercial Bank
1819
1828
Merged with The Calcutta Bank to form The Union Bank
Calcutta
[ 1] [ 1] [ 3]
12
The Calcutta Bank
1824
1828
Merged with The Commercial Bank to form The Union Bank
Calcutta
[ 1] [ 1] [ 3]
13
The Bank of India
1828
1829
Defunct
Calcutta
[ 1] [ 1] [ 3]
14
The Union Bank
1828
1848
Defunct
Calcutta
[ 1] [ 1] [ 3]
15
The Government Savings Bank
1833
1843
Defunct
Calcutta
[ 1] [ 1] [ 3]
16
The Agra & United Service Bank
1833
1866
Defunct
Agra
[ 1] [ 1] [ 3]
17
The Bank of Mirzapore
1835
1837
Defunct
Mirzapur
[ 1] [ 1] [ 3]
18
Bank of India (London)
1836
1836
Defunct
Calcutta
[ 1] [ 1] [ 3]
19
The North Western Bank of India
1840
1859
Defunct
Mussoorie
[ 1] [ 1] [ 3]
20
Bank of Bombay
1840
1921
Merged with the Imperial Bank of India , presently the State Bank of India
Bombay
[ 1] [ 1] [ 3]
21
Bank of Asia
1841
1842
Defunct
London
[ 1] [ 1] [ 3]
22
The Bank of Ceylon
1841
1849
Merged with the Oriental Bank Corporation
Colombo
[ 1] [ 1] [ 3]
23
The East India Bank (1842)
1842
1842
Defunct
London
[ 1] [ 1] [ 3]
24
The Oriental Bank Corporation
1842
1884
Defunct
Bombay
[ 1] [ 1] [ 3]
25
The Agra Savings Fund
1842
1863
Defunct
Agra
[ 1] [ 1] [ 3]
26
The Bank of Madras
1843
1921
Merged with the Imperial Bank of India , presently the State Bank of India
Madras Presidency
[ 1] [ 1] [ 3]
27
Delhi Bank Corporation
1844
1916
Merged with the Alliance Bank of Simla
Delhi
[ 1] [ 1] [ 3]
28
The Benares Bank
1844
1850
Defunct
Benares
[ 1] [ 1] [ 3]
29
The Simla Bank Limited
1844
1893
Defunct
Shimla
[ 1] [ 1] [ 3]
30
The Commercial Bank of India
1845
1866
Defunct
Bombay
[ 1] [ 1] [ 3]
31
The Cawnpore Bank
1845
1852
Defunct
Kanpur
[ 1] [ 1] [ 3]
32
The Dacca Bank
1846
1862
Merged with the Bank of Bengal , presently State Bank of India
Dhaka
[ 1] [ 1] [ 3]
33
The London Bank of Australia and India
1852
1852
Defunct
Agra
[ 1] [ 1] [ 3]
34
Chartered Bank of Asia
1852
1855
Defunct
London
[ 1] [ 1] [ 3]
35
Chartered Mercantile Bank of India, London & China
1853
1853
Defunct
London
[ 1] [ 1] [ 3]
36
Chartered Bank of India, Australia and China
1853
1853
Defunct
London
[ 1] [ 1] [ 3]
37
The London and Eastern Banking Corporation
1854
1857
Defunct
London
[ 1] [ 1] [ 3]
38
The Comptoir D'Escompte of Paris
1854
1854
Defunct
Paris
[ 1] [ 1] [ 3]
Locations of headquarters [ edit ]
The below cities are frequently listed among the headquarters of the banks mentioned in the above table.
Institutes
Central bank
Regulation People Buildings Subsidiaries
Think tanks Speciality banks Other
Public-sector banks Private-sector banks Foreign banks Wholly owned subsidiary (WOS) Wound up/closed (or in process)
Small finance banks Payments banks Surrendered licencees or wound up
Cooperative banks Regional rural banks
Defunct banks
Merged
Wound up Failed Liquidated
Networks
Cards Online transfers Payment service providers
Related topics Protocol and codes Rates & ratios
Regulators Insolvency, bankruptcy and reconstruction
Boards Legislation Companies
Legislation
Banking Regulation Act, 1949
Government Securities Act, 2006
IBC, 2016
NaBFID, 2021
RBI Act, 1934
SARFESI Act, 2002
Income-tax Act, 1961
Companies Act, 2013
Insurance Act, 1938
FEMA, 1999
Tribunals Measures Other