The Bank of Upper India (1863) was a bank founded in the year 1863 in British India. The bank became defunct in the year 1913, when it was acquired by the Alliance Bank of Simla.[2]
| Company type | Private sector |
|---|---|
| Industry | Banking, Insurance, Capital Markets and allied industries |
| Founded | 1 May 1863 as The Bank of Upper India[1] |
| Defunct | 31 March 1913 |
| Fate | merged with the Alliance Bank of Simla |
| Successor | Alliance Bank of Simla |
| Headquarters | , |
Number of locations | United Provinces |
Area served | India |
| Products | Deposits, Personal Banking Schemes, C & I Banking Schemes, Agri Banking Schemes, SME Banking Schemes |
| Services | Banking, Trade Finance |
| Parent | Alliance Bank of Simla |
History
editFounding
editThe Bank of Upper India was founded in 1863.[3][4][5]
The bank was mentioned several times in British Parliamentary debates.[6][7]
Management
editThe bank was staffed by mostly British nationals who were drawn mainly from the East India Company.[8]
The bank was headquartered in Meerut city in the United Provinces.[9]
Final years
editIn 1911, the bank was on the verge of failure and it was decided to merge the bank with the Alliance Bank of Simla.[10]
In 1913, the bank was finally merged with the Alliance Bank of Simla.[11][12]
Legacy
editThe bank is notable for being one of the oldest banks in India.[13]
The bank is also notable for being one of the precursors of the State Bank of India, through its predecessor the Alliance Bank of Simla.[14]
See also
edit
References
edit- ^ "Brief History of Banking in India - GKToday".
- ^ "Brief History of Banking in India - GKToday".
- ^ "The Project Gutenberg eBook of Indian Currency and Finance, by John Maynard Keynes".
- ^ [1]
- ^ "Brief History of Banking in India - GKToday".
- ^ [2]
- ^ "Bank of Upper India. (Hansard, 12 December 1911)".
- ^ "Indian Columbus: The Banking Heritage Building of Madras". Indiancolumbus.blogspot.com. 7 January 2018.
- ^ "Concerning the Bank of Upper India, Meerut, 1915". 2 December 2009.
- ^ "Fanny Skinner vs the Bank of Upper India Limited".
- ^ "Reserve Bank of India Museum Kolkata". 23 May 2019.
- ^ [3]
- ^ "Brief History of Banking in India - GKToday".
- ^ "Brief History of Banking in India - GKToday".