The Commercial Bank (1819)
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The Commercial Bank was a bank founded in the year 1819 in British India. The bank was the eleventh oldest bank in India.[1]
Quick Facts Company type, Industry ...
Company type | Private sector |
---|---|
Industry | Banking, Insurance, Capital Markets and allied industries |
Founded | 1 April 1819; 205 years ago (1819-04-01) as The Commercial Bank (1819) |
Defunct | 31 March 1828 (1828-03-31) |
Fate | merged with The Calcutta Bank (1824) to form The Union Bank (1828) in 1828 |
Headquarters | |
Number of locations | Bengal Presidency |
Area served | India |
Products | Deposits, Personal Banking Schemes, C & I Banking Schemes, Agri Banking Schemes, SME Banking Schemes |
Services | Banking, Trade Finance |
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The bank was merged with The Calcutta Bank (1824) to form The Union Bank (1828) in 1828. Further, The Union Bank itself became defunct in 1848.[1]