From Bharatpedia, an open encyclopedia
Bank of Hindostan (1770-1832), a now defunct bank, is considered as among the first modern banks in colonial India.
History[edit]
It was established by the agency house of Alexander and Company.[2][3][4]
The Bank lived through three economic crises of the 18th century:[5]
- The Banking Crisis of 1832
Business Activities[edit]
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.[6] It was liquidated in 1830-32.[7]
See also[edit]
References[edit]
External links[edit]
 Dear reader, We kindly request your support in maintaining the independence of Bharatpedia. As a non-profit organization, we rely heavily on small donations to sustain our operations and provide free access to reliable information to the world. We would greatly appreciate it if you could take a moment to consider donating to our cause, as it would greatly aid us in our mission. Your contribution would demonstrate the importance of reliable and trustworthy knowledge to you and the world. Thank you.
Please select an option below or scan the QR code to donate
₹150
₹500
₹1,000
₹2,000
₹5,000
₹10,000
Other
|
.svg)
