History of banking in India?
There were many indigenous bankers even during ancient times likethe Shroffs, Mahajans, etc. The first bank was The Bank of Hindusthan started in 1770 at Calcutta. In 1786, The General Bank ofIndia was started. Three Presidency banks were also started asquasi central banks. The Bank of Calcutta was established in 1806.The Allahabad Bank which exists even today was started in 1865. Itis also one of the earliest Joint Stock Bank of India. The firstcommercial bank in India was the Central Bank of India in 1911.
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