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Q.

Which is the oldest bank in India?Which one do you think is the best?

Tags: india, money, politics & government
Asked by sherli, 05 Mar '12 10:35 am
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Answers (6)

1.

The Oldest Joint stock bank is Allahabad Bank formed in 1865, but its State Bank of India a merged bank in 1807
Answered by suchi, 16 Mar '12 01:11 am

 
  
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2.

SBI is best.
Answered by manju, 05 Mar '12 11:52 am

 
  
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3.

First bank was General Bank of India n best is State Bank of India
Answered by vedprakash sharma, 05 Mar '12 11:06 am

 
  
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4.

Banking in India originated in the last decades of the 18th century. The first banks were The General Bank of India, which started in 1786.
The oldest bank in existence in India is the State Bank of India, which originated in the Bank of Calcutta in June 1806, which almost immediately became the Bank of Bengal. This was one of the three presidency banks, the other two being the Bank of Bombay and the Bank of Madras, all three of which were established under charters from the British East India Company. For many years the Presidency banks acted as quasi-central banks, as did their successors. The three banks merged in 1921 to form the Imperial Bank of India, which, upon India's independence, became the State Bank of India in 1955.
Obviously State Bank of India is the best.
Answered by Santiranjan Pal, 05 Mar '12 10:44 am

 
  
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5.

Its Reserve bank ! The good banks are private banks like HDFC but their norms and rules are very rigid and out of reach of common people.
Answered by ajay, 05 Mar '12 10:42 am

 
  
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6.

Reserve Bank of India - India's Central Bank
Answered by jameel ahmed, 05 Mar '12 10:40 am

 
  
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