The Madras Bank (1683)
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The Madras Bank (1683) was a bank founded in the year 1683 in British India. The bank was the oldest bank in India.[1]
Quick Facts Company type, Industry ...
Company type | Private sector |
---|---|
Industry | Banking, Insurance, Capital Markets and allied industries |
Founded | 21 June 1683 (1683-06-21) as The Madras Bank (1683) |
Defunct | 1 July 1843 (1843-07-01) |
Fate | merged with the Bank of Madras |
Successor | Bank of Madras |
Headquarters | , |
Number of locations | Madras Presidency |
Area served | India |
Products | Deposits, Personal Banking Schemes, C & I Banking Schemes, Agri Banking Schemes, SME Banking Schemes |
Services | Banking, Trade Finance |
Parent | State Bank of India |
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The bank was eventually merged with the Bank of Madras in 1843.[2]