The Punjab Banking Company (1889) was a bank founded in the year 1889 in British India. The bank became defunct in the year 1916, when it was acquired by the Alliance Bank of Simla.[1]
| Company type | Private sector |
|---|---|
| Industry | Banking, Insurance, Capital Markets and allied industries |
| Founded | 1 May 1889 as The Punjab Banking Company |
| Founder | David Parkes Masson |
| Defunct | 31 March 1916 |
| Fate | merged with the Alliance Bank of Simla |
| Successor | Alliance Bank of Simla |
| Headquarters | , |
Number of locations | Punjab province |
Area served | India |
| Products | Deposits, Personal Banking Schemes, C & I Banking Schemes, Agri Banking Schemes, SME Banking Schemes |
| Services | Banking, Trade Finance |
| Parent | Alliance Bank of Simla |
History edit
Founding edit
The Punjab Banking Company was founded by Sir David Parkes Masson in the year 1889.[2]
The bank's customers were located in the Punjab province of British India.[3]
Management edit
The bank was staffed by mostly British nationals who were drawn mainly from the East India Company.[4]
The bank was headquartered in Lahore city in the Punjab province.[5]
Final years edit
The bank had branches in Abbottabad, Dalhousie, Ferozepore, Jullundar, Karachi, Cantonment [sic], Multan, Naushera (in the North-west Frontier province), Quetta, Peshawar, Sialkot, Simla, and Srinagar.[6][7]
In 1916, the bank was finally merged with the Alliance Bank of Simla.[8][9]
Legacy edit
The bank is notable for being one of the oldest banks in India.[10][11]
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.[12][13][14]
See also edit
References edit
- ^ "Brief History of Banking in India - GKToday".
- ^ "U-M Weblogin" (PDF).
- ^ https://www.britishnewspaperarchive.co.uk/search/results/1918-01-01/1918-12-31?basicsearch=notice&somesearch=notice&exactsearch=false&retrievecountrycounts=false&sortorder=dayearly&newspapertitle=civil%2B%2526%2Bmilitary%2Bgazette%2B(lahore)&page=0
- ^ "Indian Columbus: The Banking Heritage Building of Madras". Indiancolumbus.blogspot.com. 7 January 2018.
- ^ "Concerning the Bank of Upper India, Meerut, 1915". 2 December 2009.
- ^ https://academic.oup.com/book/32174/chapter-abstract/268256408?redirectedFrom=fulltext
- ^ https://moving-the-social.ub.rub.de/index.php/MTS/article/download/8386/7731
- ^ "The Project Gutenberg eBook of Indian Currency and Finance, by John Maynard Keynes".
- ^ "Reserve Bank of India Museum Kolkata". 23 May 2019.
- ^ "Brief History of Banking in India - GKToday".
- ^ "Reserve Bank of India Museum Kolkata". 23 May 2019.
- ^ "Brief History of Banking in India - GKToday".
- ^ "The Project Gutenberg eBook of Indian Currency and Finance, by John Maynard Keynes".
- ^ "Reserve Bank of India Museum Kolkata". 23 May 2019.