--- title: "Bank of Hindustan is the oldest bank in India. When did it start functioning?" description: "Bank of Hindustan is the oldest bank in India. When did it start functioning?" author: "Darshit Khatri" published: 2018-02-04 canonical: https://answers.mindstick.com/qa/34035/bank-of-hindustan-is-the-oldest-bank-in-india-when-did-it-start-functioning category: "general knowledge" tags: ["general knowledge"] reading_time: 3 minutes --- # Bank of Hindustan is the oldest bank in India. When did it start functioning? Bank of Hindustan is the [oldest](https://yourviews.mindstick.com/story/1463/some-oldest-languages-in-the-world-still-spoken) bank in India. When did it start functioning? ## Answers ### Answer by akriti kashyap **Bank of Hindustan!** \ ![Bank of Hindustan is the oldest bank in India. When did it start functioning?](https://answers.mindstick.com/questionanswer/3b23d3c4-80a9-4d5f-9c2e-16744896c541/images/7f0fdc81-21a4-414d-9d4c-5a7c03579ba1.png)\ It was originally was established in the year of **1770**. Primarily, it was established at **Calcutta** which was managed by the **Europeans**. It was liquidated in the year of **1830-32**. Since Calcutta was the most dynamic exchanging port in India, basically because of the exchange of the **British Empire**, it turned into a saving money focus. **Three Presidency banks** were set up under contracts from the **British East India Company-Bank** of **Calcutta**, **Bank of Bombay** and the **Bank of Madras**. These functioned as semi-national banks in India for a long time. The **Bank of Calcutta** built up in **1806** quickly moved toward becoming **Bank of Bengal**. In **1921** these 3 banks converged with each other and Imperial **Bank of India** got birth. It was later renamed in **1955** as the **State Bank of India**. In this way, **State bank of India** is the legend Bank of India. In 1839, there was an unbeneficial exertion by Indian shippers to build up a Bank called Union Bank. It collapsed within 10 years. Next came Allahabad Bank which was set up in **1865** and working even today. The other legendary **Public Sector Bank** in India having branches all finished India and serving the clients throughout the previous **145 years is Allahabad Bank**. **Allahabad bank** is otherwise called one of India's Oldest Joint Stock Bank. Be that as it may, the **Oldest Joint Stock Bank** of India was Bank of Upper India built up in **1863** and flopped in **1913**. The principal Bank of India with Limited Liability to be overseen by Indian Board was **Oudh Commercial Bank**. It was built up in 1881 at Faizabad. This bank flopped in **1958**. The main bank absolutely oversaw by Indians was **Punjab National Bank**, set up in **Lahore in 1895**. The **Punjab National Bank** has made due till date as well as is one of the biggest banks in India. Be that as it may, the principal Indian business bank which was entirely claimed and overseen by Indians was **Central Bank of India** which was built up in **1911**. ***\*** ***Hope, this would have given you a hell lot of information about the banking sector!*** ***\*** ## Cheers! --- Original Source: https://answers.mindstick.com/qa/34035/bank-of-hindustan-is-the-oldest-bank-in-india-when-did-it-start-functioning Copyright © MindStick Software Pvt. Ltd. This Markdown version is provided for developers, AI systems, and offline reading.