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  1. The Imperial Bank of India, which became the State Bank of India after independence, came into existence on January 27, 1921. The history of modern banking in India can be traced back to 1806 when the Bank of Calcutta was established. In 1809 it was re-named Bank of Bengal. Then in the 1840s the Bank of Bombay and Bank of Madras came up.

  2. On or before 4th May 1923, the respondent bank had borrowed from the Imperial Bank of India, the appellant, hereinafter called the Imperial Bank, the sum of ten lacs with interest, and on 4th May executed and delivered to the Imperial Bank a debenture creating a floating charge on the whole undertaking, properties, assets and interests present and future of the respondent bank as security for ...

  3. 14. Sept. 2023 · As India celebrates its 77th Independence Day, here is a look at a tale of a steely Indian entrepreneurial resolve. When Sir JN Tata dreamt of putting up a steel plant in India, the British administrators felt it was not a job that Indians could excel at. Nearly 100 years later, the Tatas acquired the same company.

  4. 23. Mai 2023 · There are about 60 or 70 joint-stock banks with over 150 branches, doing a local business, and subject to a rather high rate of business mortality. All told, therefore, there are about 250 banks and branches in India, situated in about 150 towns, or in about 20 percent of the towns having a population of 10,000 or –

  5. BUL.LETIN. 299. Establishment of the Imperial Bank of India. sion of the debt and its widespread ownership among the masses of the population who have In accordance with a law approved on Sep- purchased bonds of the Indian war loans, it tember 19, 1920, the Imperial Bank of India has become necessar}r to afford facilities for began operations ...

  6. 12. März 2024 · The Reserve Bank of India, which is the Central Bank of India, acquired a controlling interest in the Imperial Bank of India in 1955. On 1 July 1955, the Imperial Bank of India became the State Bank of India. First democratically elected communist party government formed in a state in India in 1957. The Kerala Legislative Assembly election of 1957 was the first assembly election in the Indian ...