The bank's headquarters were in Bombay, now called Mumbai. The Bank of Bombay undertook all the normal activities which a commercial bank was expected to undertake. The Bank of Bombay, in the absence of any central banking authority at that time, also conducted certain functions which are ordinarily a preserve of a central bank.
The Bank of Bombay and two other Presidency banks - the Bank of Calcutta and the Bank of Madras - were amalgamated and the reorganized banking entity was named the Imperial Bank of India on 27 January 1921. The Reserve Bank of India, which is the central banking organization of India, in the year 1955, acquired a controlling interest in the Imperial Bank of India and the Imperial Bank of India was renamed on 30 April 1955 to the State Bank of India.
THE EVOLUTION OF THE STATE BANK OF INDIA, Volume 1 — The Roots 1806-1876 by Amiya Kumar Bagchi [1]
ReferencesEdit
Note issued by the Bank of Bombay 7 March 2012 at the Wayback Machine
October 21, 2023
bank, bombay, confused, with, 1720, second, three, presidency, banks, others, being, bank, calcutta, bank, madras, period, established, pursuant, charter, british, east, india, company, april, 1840, rupees, 1860, industrybankingfinancial, servicesfounded15, ap. Not to be confused with Bank of Bombay 1720 The Bank of Bombay was the second of the three presidency banks others being the Bank of Calcutta and the Bank of Madras of the Raj period It was established pursuant to a charter of the British East India Company on 15 April 1840 Bank of BombayBank of Bombay 10 Rupees 1860 IndustryBankingFinancial servicesFounded15 April 1840Defunct27 January 1921FateMerged with Bank of Calcutta and Bank of MadrasSuccessorImperial Bank of IndiaHeadquartersBombay Bombay Presidency British IndiaArea servedBritish India Contents 1 Subsidiaries 2 See also 3 Further reading 4 ReferencesSubsidiaries EditThe bank s headquarters were in Bombay now called Mumbai The Bank of Bombay undertook all the normal activities which a commercial bank was expected to undertake The Bank of Bombay in the absence of any central banking authority at that time also conducted certain functions which are ordinarily a preserve of a central bank The Bank of Bombay and two other Presidency banks the Bank of Calcutta and the Bank of Madras were amalgamated and the reorganized banking entity was named the Imperial Bank of India on 27 January 1921 The Reserve Bank of India which is the central banking organization of India in the year 1955 acquired a controlling interest in the Imperial Bank of India and the Imperial Bank of India was renamed on 30 April 1955 to the State Bank of India See also EditIndian bankingFurther reading EditTHE EVOLUTION OF THE STATE BANK OF INDIA Volume 1 The Roots 1806 1876 by Amiya Kumar Bagchi 1 References EditNote issued by the Bank of Bombay Archived 7 March 2012 at the Wayback Machine Retrieved from https en wikipedia org w index php title Bank of Bombay amp oldid 1176978203, wikipedia, wiki, book, books, library,
