Bank of Hindostan - Revision history

DIGITALBIRJESH: expanded section for accuracy and fixed typos after review

2026-02-01T00:54:05Z

expanded section for accuracy and fixed typos after review

← Older revision		Revision as of 06:24, 1 February 2026
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			{{Short description\|1770–1832 bank in British India}}
	{{Use Indian English\|date=May 2021}}		{{Use Indian English\|date=May 2021}}
	{{Use dmy dates\|date=May 2021}}		{{Use dmy dates\|date=May 2021}}
	{{Infobox company		{{Infobox company
	\| name = Bank of Hindostan		\| name = Bank of Hindostan
	\| logo =		\| logo = Bank of Hindostan - Sixteen Sicca Rupees.jpg
	\| native_name =		\| native_name =
	\| type = [[Public sector]]		\| type = [[Public sector]]
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	\| predecessor =		\| predecessor =
	\| successor =		\| successor =
	\| foundation = 1770<ref>[https://rbi.org.in/scripts/ms_banks.aspx]</ref>		\| foundation = {{Start date\|1770\|\|}}<ref>{{Cite web\|url=https://rbi.org.in/scripts/ms_banks.aspx\|title=Reserve Bank of India – Museum}}</ref>
	\| founder = [[Alexander and Co.]]		\| founder = [[Alexander and Co.]]
	\| defunct = {{End date\|df=yes\|1832\|03\|31}}		\| defunct = {{End date and age\|df=yes\|1832\|03\|31}}
	\| location_city = [[Calcutta]]		\| location_city = [[Calcutta]]
	\| locations = [[Bengal Presidency]]		\| locations = [[Bengal Presidency]]
	\| area_served = [[~~India~~]]		\| area_served = [[Indian subcontinent]]
	\| key_people =		\| key_people =
	\| products = [[Deposit (finance)\|Deposits]], [[Personal banking\|Personal Banking Schemes]], C & I Banking Schemes, Agri Banking Schemes, [[Small and medium enterprises\|SME Banking Schemes]]		\| products = [[Deposit (finance)\|Deposits]], [[Personal banking\|Personal Banking Schemes]], C & I Banking Schemes, Agri Banking Schemes, [[Small and medium enterprises\|SME Banking Schemes]]
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	\| subsid =		\| subsid =
	\| footnotes =		\| footnotes =
	\| location_country = ~~[[Calcutta]]~~		\| location_country =
	\| homepage =		\| homepage =
	}}		}}

	'''<span lang="hi" dir="ltr">Bank</span> of Hindostan''' (~~1770-1832~~), a now defunct bank, ~~is considered as among~~ [[List of oldest banks in India\|~~the first modern banks~~ in ~~colonial India~~]].		'''<span lang="hi" dir="ltr">Bank</span> of Hindostan''' (1770–1832), a now defunct bank, was the [[List of oldest banks in India\|third oldest bank in Indian region]].

	== History ==		== History ==

	It was established by the [[Agency Houses in British India\|agency house]] of [[Alexander and Co.\|Alexander and Company]].<ref>{{cite web\|url=https://www.rbi.org.in/scripts/pm_earlyissues.aspx \|title=Reserve Bank of India - Museum \|publisher=Rbi.org.in \|date=2015-04-14 \|access-date=2016-09-08}}</ref><ref>{{cite web \|url=http://www.indian-coins.com/britishindianotes/presidencies/bengal-presidency/bank-of-hindustan \|title=Bank of Hindustan \|publisher=Indian-coins.com \|access-date=2016-09-08 }}{{Dead link\|date=October 2019 \|bot=InternetArchiveBot \|fix-attempted=yes }}</ref><ref>{{cite web\|url=https://books.google.com/books?id=KzkSAAAAYAAJ&q=Bank+of+Hindustan%2C&pg=PA499 \|title=Parliamentary Papers, House of Commons and Command - Great Britain. Parliament. House of Commons - Google Books \|year=1832 \|access-date=2016-09-08}}</ref>		It was established by the [[Agency Houses in British India\|agency house]] of [[Alexander and Co.\|Alexander and Company]].<ref>{{cite web\|url=https://www.rbi.org.in/scripts/pm_earlyissues.aspx \|title=Reserve Bank of India – Museum \|publisher=Rbi.org.in \|date=2015-04-14 \|access-date=2016-09-08}}</ref><ref>{{cite web \|url=http://www.indian-coins.com/britishindianotes/presidencies/bengal-presidency/bank-of-hindustan \|title=Bank of Hindustan \|publisher=Indian-coins.com \|access-date=2016-09-08 }}{{Dead link\|date=October 2019 \|bot=InternetArchiveBot \|fix-attempted=yes }}</ref><ref>{{cite web\|url=https://books.google.com/books?id=KzkSAAAAYAAJ&q=Bank+of+Hindustan%2C&pg=PA499 \|title=Parliamentary Papers, House of Commons and Command - Great Britain. Parliament. House of Commons - Google Books \|year=1832 \|access-date=2016-09-08}}</ref>

	The Bank lived through three economic crises of the ~~18th~~ century:<ref>[https://mostlyeconomics.wordpress.com/2020/10/29/bank-of-hindostan-was-established-in-calcutta-in-1770-marks-250-years-of-advent-of-british-private-banking-in-india/]</ref>		The Bank lived through three economic crises of the 19th century:<ref name=":0">{{Cite web\|url=https://mostlyeconomics.wordpress.com/2020/10/29/bank-of-hindostan-was-established-in-calcutta-in-1770-marks-250-years-of-advent-of-british-private-banking-in-india/\|title = Bank of Hindostan was established in Calcutta in 1770: Marks 250 years of advent of British private banking in India\|date = 29 October 2020}}</ref>

	* The Recession of 1819		* The Recession of 1819
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	== Business Activities ==		== Business Activities ==

	In India, the paper currency was first issued during British [[East India Company]] rule. The first paper notes were issued by the private banks such as Bank of ~~Hindustan~~ and the presidency banks during late 18th century. Via the Paper Currency Act of 1861, the British Government of India was conferred the monopoly to issue paper notes in India.<ref~~>[https~~:/~~/mostlyeconomics.wordpress.com/2020/10/29/bank-of-hindostan-was-established-in-calcutta-in-1770-marks-250-years-of-advent-of-british-private-banking-in-india/]</ref~~> It was liquidated in ~~1830-32~~.<ref~~>[https~~:/~~/mostlyeconomics.wordpress.com/2020/10/29/bank-of-hindostan-was-established-in-calcutta-in-1770-marks-250-years-of-advent-of-british-private-banking-in-india/]</ref~~>		In India, the paper currency was first issued during British [[East India Company]] rule. The first paper notes were issued by the private banks such as Bank of Hindostan and the presidency banks during late 18th century. Via the [[The Paper Currency Act, 1861\|Paper Currency Act of 1861]], the British Government of India was conferred the monopoly to issue paper notes in India.<ref name=":0" /> It was liquidated in 1830–1832.<ref name=":0" />

	==See also==		==See also==
			{{Portal\|Banks}}
	*[[Indian banking]]		*[[Indian banking]]
	*[[List of banks in India]]		*[[List of banks in India]]
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	==External links==		==External links==
	* [https://www.businessmanagementideas.com/banking/evolution-of-banking/list-of-4-banks-in-india-before-independence/5336 History of the Bank]		* [https://www.businessmanagementideas.com/banking/evolution-of-banking/list-of-4-banks-in-india-before-independence/5336 History of the Bank]
	* [https://mostlyeconomics.wordpress.com/2020/10/29/bank-of-hindostan-was-established-in-calcutta-in-1770-marks-250-years-of-advent-of-british-private-banking-in-india/ History of the Bank]

	{{Banking in India}}		{{Banking in India}}
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	[[Category:1832 disestablishments in India]]		[[Category:1832 disestablishments in India]]
	[[Category:Banks disestablished in 1832]]		[[Category:Banks disestablished in 1832]]
	[[Category:Defunct banks of India]]		[[Category:Defunct banks of India\|Hindostan]]

CleanupBot II: Removed empty portal template using script

2023-08-13T19:02:42Z

Removed empty portal template using script

← Older revision		Revision as of 00:32, 14 August 2023
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	==See also==		==See also==
	~~{{Portal\|Banks}}~~
	*[[Indian banking]]		*[[Indian banking]]
	*[[List of banks in India]]		*[[List of banks in India]]

2409:4064:599:7FE3:68D4:7F1F:E17C:259A at 20:30, 19 September 2021

2021-09-19T20:30:14Z

New page

{{Use Indian English|date=May 2021}}
{{Use dmy dates|date=May 2021}}
{{Infobox company
| name = Bank of Hindostan
| logo =
| native_name =
| type = [[Public sector]]
| traded_as =
| industry = [[Banking]], [[Insurance]], [[Capital Markets]] and allied industries
| genre = 
| fate = Defunct
| predecessor =
| successor =
| foundation = 1770<ref>[https://rbi.org.in/scripts/ms_banks.aspx]</ref>
| founder = [[Alexander and Co.]]
| defunct = {{End date|df=yes|1832|03|31}}
| location_city = [[Calcutta]]
| locations = [[Bengal Presidency]]
| area_served = [[India]]
| key_people =
| products = [[Deposit (finance)|Deposits]], [[Personal banking|Personal Banking Schemes]], C & I Banking Schemes, Agri Banking Schemes, [[Small and medium enterprises|SME Banking Schemes]]
| production =
| services = Loans, Deposits
| revenue =
| operating_income =
| net_income =
| aum = 
| assets =
| equity =
| owner =
| num_employees =
| parent =
| divisions =
| subsid =
| footnotes =
| location_country = [[Calcutta]]
| homepage =
}}

'''<span lang="hi" dir="ltr">Bank</span> of Hindostan''' (1770-1832), a now defunct bank, is considered as among [[List of oldest banks in India|the first modern banks in colonial India]].

== History ==

It was established by the [[Agency Houses in British India|agency house]] of [[Alexander and Co.|Alexander and Company]].<ref>{{cite web|url=https://www.rbi.org.in/scripts/pm_earlyissues.aspx |title=Reserve Bank of India - Museum |publisher=Rbi.org.in |date=2015-04-14 |access-date=2016-09-08}}</ref><ref>{{cite web |url=http://www.indian-coins.com/britishindianotes/presidencies/bengal-presidency/bank-of-hindustan |title=Bank of Hindustan |publisher=Indian-coins.com |access-date=2016-09-08 }}{{Dead link|date=October 2019 |bot=InternetArchiveBot |fix-attempted=yes }}</ref><ref>{{cite web|url=https://books.google.com/books?id=KzkSAAAAYAAJ&q=Bank+of+Hindustan%2C&pg=PA499 |title=Parliamentary Papers, House of Commons and Command - Great Britain. Parliament. House of Commons - Google Books |year=1832 |access-date=2016-09-08}}</ref>

The Bank lived through three economic crises of the 18th century:<ref>[https://mostlyeconomics.wordpress.com/2020/10/29/bank-of-hindostan-was-established-in-calcutta-in-1770-marks-250-years-of-advent-of-british-private-banking-in-india/]</ref>

* The Recession of 1819

* The failure of [[Palmer and Company|Palmer and Co.]], a [[Agency Houses in British India|British agency house]]

* The Banking Crisis of 1832

== Business Activities ==

In India, the paper currency was first issued during British [[East India Company]] rule. The first paper notes were issued by the private banks such as Bank of Hindustan and the presidency banks during late 18th century. Via the Paper Currency Act of 1861, the British Government of India was conferred the monopoly to issue paper notes in India.<ref>[https://mostlyeconomics.wordpress.com/2020/10/29/bank-of-hindostan-was-established-in-calcutta-in-1770-marks-250-years-of-advent-of-british-private-banking-in-india/]</ref> It was liquidated in 1830-32.<ref>[https://mostlyeconomics.wordpress.com/2020/10/29/bank-of-hindostan-was-established-in-calcutta-in-1770-marks-250-years-of-advent-of-british-private-banking-in-india/]</ref>

==See also==
{{Portal|Banks}}
*[[Indian banking]]
*[[List of banks in India]]
*[[List of oldest banks in India]]

==References==
{{Reflist}}

==External links==
* [https://www.businessmanagementideas.com/banking/evolution-of-banking/list-of-4-banks-in-india-before-independence/5336 History of the Bank]
* [https://mostlyeconomics.wordpress.com/2020/10/29/bank-of-hindostan-was-established-in-calcutta-in-1770-marks-250-years-of-advent-of-british-private-banking-in-india/ History of the Bank]

{{Banking in India}}

[[Category:1770 establishments in India]]
[[Category:Banks established in 1770]]
[[Category:1832 disestablishments in India]]
[[Category:Banks disestablished in 1832]]
[[Category:Defunct banks of India]]