Tuesday 12 February 2013

Oldest Bank of India & Asia

"Bank of the Philippine Islands" ( Click Here) is oldest bank of Southeast Asia. its established in 1828. The oldest bank of India is Bank of Calcutta established in Calcutta on 2 June 1806.it was the first joint-stock bank of British India sponsored by the Government of Bengal.The Bank of Bombay (15 April 1840) and the Bank of Madras (1 July 1843) this three bank merged together as an act was passed in Parliament in May 1955 and the State Bank of India was constituted on 1 July 1955 (Click Here) (go to about us) Later, the State Bank of India (Subsidiary Banks) Act was passed in 1959, enabling the State Bank of India to take over eight former State-associated banks as its subsidiaries.


For more Information click  on the link prescribed as "Click Here" in blue color.

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