Indian Bank’s History
1908: Maharaja Sayajirao III Gaekwad set up Bank of Baroda (BOB). BOB established its first branch in Ahmedabad. In 1954: BOB opened a branch in Nairobi.
Vijaya Bank, was founded on 23rd October 1931 by late Shri A.B.Shetty and other enterprising farmers in Mangalore, Karnataka. The objective of the founders was essentially to promote banking habit, thrift and enterpreneurship among the farming community of Dakshina Kannada district in Karnataka State. The bank became a scheduled bank in 1958.
Uco Bank, formerly United Commercial Bank, established in 1943 in Kolkata, is one of the oldest and major commercial bank of India. Ghanshyam Das Birla, an eminent Indian industrialist, during the Quit India movement of 1942, had conceived the idea of organizing a commercial bank with Indian capital and management, and the United Commercial Bank Limited was incorporated to give shape to that idea.
Syndicate Bank, established in 1925 in Udupi (Karnataka state, India) by Upendra Ananth Pai, Vaman Kudva and Dr, T. M. A. Pai, is one of the oldest and major commercial bank of India. At the time of its establishment, the bank was known as Canara Industrial and Banking Syndicate Limited.
Punjab National Bank (PNB), established in 1895 in Lahore.
In 1908, leading figures such as Bhai Vir Singh, Sir Sunder Singh Majitha and Sardar Tarlochan Singh founded Punjab & Sind Bank to help the weaker section of the society in their economic endeavours to raise their standard of life.
In 1937: Shri.M.Ct.M. Chidambaram Chettyar establishes the Indian Overseas Bank (IOB) to encourage overseas banking and foreign exchange operations.
In 1907: Indian Bank was established on 15th August 1907 as part of the Swadeshi movement. Head office is in Chennai (Madras). Though not a Chettiar bank, some of the founders were Chettiars.
Dena Bank was founded in 1938 by the family of Devkaran Nanjee under the name Devkaran Nanjee Banking Company Ltd.
Corporation Bank, founded in 1906 in Udupi, Karnataka state, India,
Central Bank of India, established in 1911 by Sir Sorabji Pochkhanawala, is one of the oldest and largest commercial banks of India. It was the first commercial bank of India, which was completely owned by Indians.
Canara Bank established in 1906 with the name of Canara Bank Hindu Permanent Fund in Mangalore, India, by Ammembal Subba Rao Pai, Its name was changed to Canara Bank Limited in 1910.
Bank of India was founded on 7th September, 1906 by a group of eminent businessmen from Mumbai. Bank of India was the first Indian Bank to open a branch outside the country, at London, in 1946. This was also the first post-WWII overseas branch of any Indian bank. It was first to open a branch in Europe, Paris in 1974.
The roots to the State Bank of India are traceable to the first decade of 19th century, when the Bank of Calcutta, later renamed as the Bank of Bengal, was established on 2nd June 1806. The Bank of Bengal and two other Presidency banks, namely, the Bank of Bombay (incorporated on 15 April 1840) and the Bank of Madras (incorporated on 1st July 1843) were amalgamated on 27th January 1921, and the reorganized banking entity was named the Imperial Bank of India.
Allahabad Bank is one of the oldest public sector banks in India with head-quarters in Kolkata
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