SBI, ICICI, Axis and HDFC bank are among the biggest banks that come to our mind when we think about India’s banking system, right? But do you know that while they are indeed among the biggest ones, but none of these are among the oldest banks in India? Yes, you read that right.
Then which are the oldest banks in India? Read on as we talk about India’s 15 oldest banks:
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List Of India’s Oldest Banks
1. The Madras Bank
Year of Founding-1683
Year of Closing- 1843
Headquarter-Madras Presidency
2. Bank of Bombay
Headquarter- Bombay
Year of Founding- 1720
Year of Closing- 1770
3. Bank of Hindustan
Headquarter- Calcutta
Year of Founding- 1770
Year of Closing- 1832
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4. General Bank of Bengal and Bihar
Headquarter- Calcutta
Year of Founding- 1773
Year of Closing- 1775
5. Bengal Bank
Headquarter- Calcutta
Year of Founding- 1784
Year of Closing- 1791
6. General Bank of India
Headquarter- Calcutta
Year of Founding- 1786
Year of Closing- 1791
7. Carnatic Bank
Headquarter- Madras Presidency
Year of Founding- 1788
Year of Closing- 1843
8. British Bank of Madras
Headquarter- Madras Presidency
Year of Founding- 1795
Year of Closing- 1843
9. The Asiatic Bank
Headquarter- Madras Presidency
Year of Founding- 1804
Year of Closing- 1843
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10. Bank of Calcutta
Headquarter- Calcutta
Year of Founding- 1806
Year of Closing- 1921
11. The Commercial Bank
Headquarter- Calcutta
Year of Founding- 1819
Year of Closing- 1828
12. The Calcutta Bank
Headquarter- Calcutta
Year of Founding- 1824
Year of Closing- 1828
13. The Bank of India
Headquarter- Calcutta
Year of Founding- 1828
Year of Closing- 1829
14. The Union Bank
Headquarter- Calcutta
Year of Founding- 1828
Year of Closing- 1848
15. The Government Savings Bank
Headquarter- Calcutta
Year of Founding- 1833
Year of Closing- 1843
When Were India’s Biggest Banks Founded?
Coming back to some of India’s biggest banks, here are the years in which they were founded:
State Bank of India-1955
HDFC Bank-1994
ICICI Bank-1994
Axis Bank-1993
Bank of Baroda-1908
Kotak Mahindra Bank-1985
IndusInd Bank-1994
Punjab National Bank-1894
Union Bank of India-1919
IDBI Bank-1964
