History of Banks In India: Public, Private Banks Establishment Year

Evolution History Of Banks In India In Chronological Order

Origination of banking system in India took place in 18th century. And since the inception of first bank in India, banks have seen vast changes in every aspect. Listed below is the established year of bank’s in India:

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  • 1786 – General Bank of India. This was the first bank established in India.
  • 1790 – Bank Of Hindustan which lasted until. 1832.
  • 1839 – Union Bank

Establishment of Three Presidency Banks

1) 02 June 1806 – Bank of Calcutta
2) 15th April 1840 – Bank of Bombay
3) 01st July 1843 – Bank of Madras

Year Of Formation Of Other Public & Private Sector Banks

1863 – Bank of Upper India
1865 – Allahabad Bank
1881 – Oudh Commercial Bank
19th May 1894 – Punjab National Bank
1895 – Punjab National Bank In Lahore
1904 – City Union Bank
1906 – Bank of India
12 March 1906 – Corporation Bank
15th August 1907 – Indian Bank
1908 – Bank of Baroda
01st July 1906 – Canara Hindu Permanent Fund (Rechristened to Canara Bank in 1910)
21st December 1911 – Central Bank of India
1916 – Karur Vysya Bank
11 November 1919 – Union Bank of India
26th November 1920 – Catholic Syrian Bank
1921 – Imperial Bank of India. Three presidency banks were merged in 1921 and evolution of this bank took place
11th May 1921 – Tamilnad Mercantile Bank Limited
1923 – Andhra Bank
1924 – Karnataka Bank Limited
1925 – Syndicate Bank
1926 – Lakshmi Vilas Bank Limited
1927 – Dhanlaxmi Bank Ltd
1929 – South Indian Bank Limited
23rd October, 1931 – Vijaya Bank
1934 – Reserve Bank of India
16th Sept 1935 – Bank of Maharashtra
1937 – Indian Overseas Bank
1938 – Jammu & Kashmir Bank
26th May 1938 – Dena Bank
19th February 1943  – Oriental Bank of Commerce
1943 – UCO Bank
1943 – United Bank of India
1945 – Federal Bank Limited
1954 – Nainital Bank Limited
1955 – State Bank of India (Post independence, Imperial Bank became State Bank of India)
1985 – Kotak Mahindra Bank
1994 – UTI Bank (Now Axis Bank)
August 1994  – HDFC Bank
1996 – ICICI Bank
2003 – Yes Bank

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