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 Wednesday, August 26, 2009 About Me
Indian Bank Notes
Imperial bank of India
Indian
RESERVE BANK OF INDIA is an off shoot off ,The Banknotes
Imperial Bank of India was the oldest and the largest
commercial bank of the Indian subcontinent, and was from 17xx,Indian banking
subsequently transformed into State Bank of India in 1955. history,Postalhistory from
The Imperial Bank of India came into existence on 27 January
15xx AD,Moghul
1921 when the three Presidency Banks of colonial India, were
reorganized and amalgamated to form a single banking entity. Farmans,Islamic
The three Presidency banks were the Bank of Bengal, Science,Ancient
established on 2 June 1806, the Bank of Bombay
,incorporated on 15 April 1840, and the Bank of Science,Ancient
Madras,incorporated on 1 July 1843.Imperial Bank of India Coins,Danish India coins,Pre
performed all the normal functions which a commercial bank
Satavahana coins,Presidency
was expected to perform. In the absence of any central
banking institution in India until 1935, the Imperial Bank of banknotes,BANK OF
India also performed a number of functions which are BENGAL,Bank of
normally carried out by a central bank.
Bombay,Bank of
In 1924, at Apollo Street, currently called Mumbai Samachar Madras,General
Marg, Mumbai, a magnificent stone structure with fretted
Bank,Bengal Bank
windows, was constructed to house a branch of the Imperial
Bank of India. Banking,HISTORY of
In 1933, Sir Badridas Goenka, an important public figure and India,Asia,China,Shanghai,H
business tycoon of his time, and a prominent member of
Marwari community of Calcutta, became the first Indian to be ongkong,malaya,australia,U
appointed as the Chairman of the Imperial Bank of India. SA,germany,sweden,Britain,
BANK OF
The Reserve Bank of India, which is the central banking
organization of India, in the year 1955, acquired a controlling BENGAL,Documents signed
interest in the Imperial Bank of India and the Imperial Bank by Kings,Ship Passport of
of India was christened on 30 April 1955 as the State Bank of
India, and this transformation from the Imperial Bank of India ancient period,world
to the State Bank of India was given legal recognition in banknotes,modern ancient
terms an Act of the Parliament of India, which came into
COINS,STAMPS,india,britis
force from 1 July 1955. The day on which the Imperial Bank
of India became the State Bank of India, IBI had 480 h india,FDC all in
branches, sub-offices, and three local head offices; and had THEMES;Modern WORLD
under its control and command slightly more than a quarter of
the resources of the Indian banking industry. The branch COINS,ANCIENT COINS
network of State Bank of India has since grown to 9093 FROM ALEXANDER
branches as on 31 March 2004. In 2007 Reserve Bank of
PERIOD,
India transferred its stake in State Bank of India to
Government of India. BIMETAL,SHAPES OF
COINS,THEMES;UNRECO
INDIAN BANKNOTES ANCIENT
COINS,STAMPS,POSTAL HISTORY,,, GNIZED NEW
musham3@gmail.com NATIONS,world postal
Posted by Indian Bank Notes at 8:47 AM history from
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