The Bank of Upper India

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]

The Bank of Upper India
TypePrivate sector
IndustryBanking, Insurance, Capital Markets and allied industries
Founded1 May 1863 (1863-05-01) as The Bank of Upper India[1]
Defunct31 March 1913 (1913-03-31)
Fatemerged with the Alliance Bank of Simla
SuccessorAlliance Bank of Simla
Headquarters
Meerut
,
India
Number of locations
United Provinces
Area served
India
ProductsDeposits, Personal Banking Schemes, C & I Banking Schemes, Agri Banking Schemes, SME Banking Schemes
ServicesBanking, Trade Finance
ParentAlliance Bank of Simla

History

Founding

The Bank of Upper India was founded in 1863.[3][4][5]

The bank was mentioned several times in British Parliamentary debates.[6][7]

Management

The 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

In 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

The bank is notable for being the 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

References
  1. "Brief History of Banking in India - GKToday".
  2. "Brief History of Banking in India - GKToday".
  3. "The Project Gutenberg eBook of Indian Currency and Finance, by John Maynard Keynes".
  5. "Brief History of Banking in India - GKToday".
  7. "Bank of Upper India. (Hansard, 12 December 1911)".
  8. "Indian Columbus: The Banking Heritage Building of Madras". Indiancolumbus.blogspot.com. 7 January 2018.
  9. "Concerning the Bank of Upper India, Meerut, 1915". 2 December 2009.
  10. "Fanny Skinner vs the Bank of Upper India Limited".
  11. "Reserve Bank of India Museum Kolkata". 23 May 2019.
  13. "Brief History of Banking in India - GKToday".
  14. "Brief History of Banking in India - GKToday".
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