https://en.bharatpedia.org/w/index.php?action=history&feed=atom&title=The_North_Western_Bank_of_IndiaThe North Western Bank of India - Revision history2026-11-04T12:34:46ZRevision history for this page on the wikiMediaWiki 1.43.6https://en.bharatpedia.org/w/index.php?title=The_North_Western_Bank_of_India&diff=540625&oldid=prevLeonuqs: Started Article...2024-10-25T01:54:31Z<p>Started Article...</p>
<p><b>New page</b></p><div>{{Short description|Indian bank}}<br />
{{Use Indian English|date=January 2022}}<br />
{{Use dmy dates|date=January 2022}}<br />
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{{Infobox company<br />
| name = The North Western Bank of India (1840)<br />
| logo = <br />
| native_name = <br />
| type = [[Private sector]]<br />
| traded_as = <br />
| industry = [[Banking]], [[Insurance]], [[Capital Markets]] and allied industries<br />
| genre = <!-- Only used with media and publishing companies --><br />
| fate = defunct in 1859<br />
| predecessor = <br />
| successor = <br />
| foundation = {{Start date and age|1840|04|01|df=yes|br=yes}} as The North Western Bank of India (1840)<br />
| founder = <br />
| defunct = {{End date|df=yes|1859|03|31}}<br />
| location_city = <br />
| locations = [[Mussoorie]] and [[Meerut]]<br />
| area_served = [[India]]<br />
| key_people = <br />
| products = [[Deposit (finance)|Deposits]], [[Personal banking|Personal Banking Schemes]], C & I Banking Schemes, Agri Banking Schemes, [[Small and medium enterprises|SME Banking Schemes]]<br />
| production = <br />
| services = Banking, Trade Finance<br />
| revenue = <br />
| operating_income = <br />
| net_income = <br />
| aum = <!-- Only used with financial services companies --><br />
| assets = <br />
| equity = <br />
| owner = <br />
| num_employees = <br />
| parent = <br />
| divisions = <br />
| subsid = <br />
| footnotes = <br />
| location_country = [[India]]<br />
| homepage = }}<br />
'''The North Western Bank of India (1840)''' was a bank founded in the year 1840 in [[Mussoorie]], [[Company rule in India|British India]]. The bank was the [[List of oldest banks in India|nineteenth oldest bank in India]].<ref name="auto1">{{cite web |title=Reserve Bank of India - Museum |url=https://rbi.org.in/scripts/ms_banks.aspx |website=rbi.org.in}}</ref><ref name="auto2">{{Cite web|url=https://www.livemint.com/Sundayapp/szg4AHalBBbujaCyGUfamN/Whats-in-a-name-Ask-banks.html|title=What's in a name? Ask banks.|first=Amol|last=Agrawal|date=23 December 2017|website=mint}}</ref><br />
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== History ==<br />
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=== Founding === <br />
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The bank was founded in 1840 in [[Mussoorie]] by English businessmen. The headquarters of the bank were later shifted to [[Meerut]].<ref name="auto3">{{Cite web|url=https://books.google.com/books?id=pYxKBd7B-YQC&dq=%22North+Western+Bank+of+India%22&pg=PA179|title=The Bankers' Magazine, and Journal of the Money Market|date=9 January 1847|publisher=Richard Groombridge|via=Google Books}}</ref><br />
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The bank was initially named as the '''Mussoorie Bank'''. After its headquarter was moved to [[Meerut]], the bank was renamed as '''The North Western Bank of India'''.<ref name="auto">{{Cite book|url=https://books.google.com/books?id=DMGoDQAAQBAJ&dq=%22North+Western+Bank+of+India%22&pg=PT19|title=Crisis Banking in the East: The History of the Chartered Mercantile Bank of London, India and China, 1853–93|first1=Stuart|last1=Muirhead|first2=Edwin|last2=Green|date=5 December 2016|publisher=Routledge|isbn=9781351947411|via=Google Books}}</ref><br />
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The seven earliest directors of the bank were: T. F. Blois, William M. George, H. S. Ravenshaw, William Freeth, J. Angelo, W. H. Orde and R. Willis.<ref name="auto3"/><br />
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=== Management ===<br />
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The bank's area of operations was largely centered around the [[United Provinces of British India]], which corresponds to the present day states of [[Uttar Pradesh]] and [[Uttarakhand]]. Both [[Mussoorie]] and [[Meerut]] were located in this same province or region. Most of the earliest employees of the bank were sourced from the [[Chartered Bank of India, Australia and China]].<ref name="auto4">{{Cite web|url=https://steemit.com/numismatic/@hooiyewlim/north-western-bank-of-india-history-in-singapore|title=North Western Bank of India history in Singapore|author=hooiyewlim|date=19 April 2018|website=Steemit|access-date=24 October 2024}}</ref><ref name="auto2"/><br />
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Some of the branches of the North Western Bank also operated from the branches of the [[Chartered Bank of India, Australia and China]]<ref name="auto4"/><ref name="auto2"/><br />
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=== Final Years ===<br />
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In its later years, the bank was headquartered in [[Calcutta]] and had opened branches in [[London]], [[Mussoorie]], [[Bombay]] and [[Singapore]].<ref name="auto"/><br />
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The bank was finally liquidated in 1859, as it was unable to withstand the competition from more well capitalized banks.<ref name="auto"/><br />
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== Legacy ==<br />
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The bank is notable for being the [[List of oldest banks in India|nineteenth oldest bank in India]].<ref name="auto1"/> <br />
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==See also==<br />
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{{Portal|Banks}}<br />
*[[Indian banking]]<br />
*[[List of banks in India]]<br />
*[[List of oldest banks in India]]<br />
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==References==<br />
{{Reflist}}<br />
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==External links==<br />
* [https://rbi.org.in/scripts/ms_banks.aspx Oldest Banks in India]<br />
* [https://www.mintageworld.com/note/dynasty/32/ Banking in India]<br />
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{{Banking in India}}<br />
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{{Authority control}}<br />
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{{DEFAULTSORT:North Western Bank of India, The}}<br />
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[[Category:Defunct banks of India]]<br />
[[Category:Banks established in 1840]]</div>Leonuqs