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{{Use dmy dates|date=November 2015}}
{{Use Indian English|date=November 2015}}
{{Refimprove|date=September 2014}}
'''New Bank of India''' was established in 1936, in [[Lahore]] by Mulk Raj Kohli, a professor of Economics turned banker. It moved its head office to [[Amritsar]] in 1947, and then to New Delhi in 1956. It acquired [[Didwana Industrial Bank]] in 1965, [[Chawla Bank]] in 1969, and [[Sahukara Bank]] in 1971. Earlier New Bank of India had acquired [[Punjab & Kashmir Bank]].

*Didwana Industrial Bank had been established in 1925 in [[Didwana]].
*Chawla Bank, which had been established in 1913, had its registered office in [[Bannu]], North Western Frontier Province, and a branch office at [[Dehra Dun]] in the United Provinces. Ninety-five percent of its depositors and creditors migrated to India after Partition.
*Sahukara Bank, est. 1912 in [[Ludhiana]], had branches in Pakistan that it lost at Partition.
*Lala Gokul Chand Suri founded Punjab & Kashmir Bank in 1912 in Delhi with operations in [[Rawalpindi]].

The Government of India [[nationalized]] New Bank of India in 1980. [[Punjab National Bank]] acquired New Bank of India in 1993.<ref>
{{cite web | title = PNB Heritage | url = https://www.pnbindia.in/en/ui/Heritage.aspx |work=Punjab National Bank| access-date = 2014-09-03 }}</ref><ref name="AryaTandon2003">{{cite book|author1=Parmatam Parkash Arya|author2=B. B. Tandon|title=Economic Reforms in India: From First to Second Generation and Beyond|url=https://books.google.com/books?id=FMSR_5W7skcC&pg=PA369|date=2003|publisher=Deep & Deep Publications|isbn=978-81-7629-435-5|pages=369–}}</ref> The only other nationalized bank merged with another—except for [[State Bank of India]] with its associate banks<ref>{{cite web | title = Govt asks IDBI Bank, UBI to plan merger | url = http://timesofindia.indiatimes.com/business/india-business/Govt-asks-IDBI-Bank-UBI-to-plan-merger/articleshow/39005996.cms |author=Surojit Gupta & Sidhartha|date= 26 July 2014| access-date = 2014-09-03 | work = The Times of India}}</ref>—was the merger of [[Bharatiya Mahila Bank]] with [[State Bank of India]]<ref>{{Cite news|url=http://www.dnaindia.com/money/report-sbi-merger-with-associate-banks-bharatiya-mahila-bank-effective-today-2377590|title=SBI merger with associate banks, Bharatiya Mahila Bank effective today {{!}} Latest News & Updates at Daily News & Analysis|date=2017-04-01|work=dna|access-date=2017-04-01|language=en-US}}</ref> in 2017.

== References ==
{{Reflist}}

{{Banking in India}}

[[Category:Defunct banks of India]]
[[Category:Companies nationalised by the Government of India]]
[[Category:Banks established in 1936]]
[[Category:Banks disestablished in 1993]]
[[Category:Companies based in Delhi]]

New Bank of India - Revision history