List of oldest banks in India

This list of the oldest banks in Indian subcontinent includes financial institutions that were founded in the 18th and 19th centuries. Listed are the forty oldest banks in India, which includes all financial institutions founded prior to 1850.

The oldest bank in India is The Madras Bank (1683), followed by the Bank of Bombay, founded in 1720, which is then followed by the Bank of Hindustan, founded in 1770.

Imperial Bank of India was succeeded by State Bank of India in 1955 and State Bank of Pakistan in 1948 respectively whose origins can be traced back to the Bank of Calcutta. It was founded in 1806, though the tenth to be founded.


RankName of bankYear of foundingYear of closingPresent statusHeadquartered inReferences
1The Madras Bank (1683)16831843Merged to form Bank of Madras, presently the State Bank of IndiaMadras Presidency
2Bank of Bombay17201770DefunctBombay
3Bank of Hindustan17701832DefunctCalcutta
4General Bank of Bengal and Bihar17731775DefunctCalcutta
5Bengal Bank17841791DefunctCalcutta
6General Bank of India17861791DefunctCalcutta
7Carnatic Bank17881843Merged to form Bank of Madras, presently the State Bank of IndiaMadras Presidency
8British Bank of Madras17951843Merged to form Bank of Madras, presently the State Bank of IndiaMadras Presidency
9The Asiatic Bank (1804)18041843Merged to form Bank of Madras, presently the State Bank of IndiaMadras Presidency
10Bank of Calcutta18061921Merged with the Imperial Bank of India, presently the State Bank of IndiaCalcutta
11The Commercial Bank18191828Merged with The Calcutta Bank to form The Union BankCalcutta
12The Calcutta Bank18241828Merged with The Commercial Bank to form The Union BankCalcutta
13The Bank of India18281829DefunctCalcutta
14The Union Bank18281848DefunctCalcutta
15The Government Savings Bank18331843DefunctCalcutta
16The Agra & United Service Bank18331866DefunctAgra
17The Bank of Mirzapore18351837DefunctMirzapur
18Bank of India (London)18361836DefunctCalcutta
19The North Western Bank of India18401859DefunctMussoorie
20Bank of Bombay18401921Merged with the Imperial Bank of India, presently the State Bank of IndiaBombay
21Bank of Asia18411842DefunctLondon
22The Bank of Ceylon18411849Merged with the Oriental Bank CorporationColombo
23The East India Bank (1842)18421842DefunctLondon
24The Oriental Bank Corporation18421884DefunctBombay
25The Agra Savings Fund18421863DefunctAgra
26The Bank of Madras18431921Merged with the Imperial Bank of India, presently the State Bank of IndiaMadras Presidency
27Delhi Bank Corporation18441916Merged with the Alliance Bank of SimlaDelhi
28The Benares Bank18441850DefunctBenares
29The Simla Bank Limited18441893DefunctShimla
30The Commercial Bank of India18451866DefunctBombay
31The Cawnpore Bank18451852DefunctKanpur
32The Dacca Bank18461862Merged with the Bank of Bengal, presently State Bank of IndiaDhaka
33The London Bank of Australia and India18521852DefunctAgra
34Chartered Bank of Asia18521855DefunctLondon
35Chartered Mercantile Bank of India, London & China18531853DefunctLondon
36Chartered Bank of India, Australia and China18531853DefunctLondon
37The London and Eastern Banking Corporation18541857DefunctLondon
38The Comptoir D'Escompte of Paris18541854DefunctParis