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Topic: Bank of Bengal

	Which is India's largest bank?
		It was established in 1806, as Bank of Bengal.
		The State Bank of India was nationalised in July 1955 under the SBI Act of 1955.
		Bank of India was founded on 7th September, 1906 by a group of businessmen from Mumbai.
	www.rediff.com /money/2007/jun/05quiz.htm (785 words)

	State Bank of India - Wikipedia, the free encyclopedia
		The roots to the State Bank of India are traceable to the first decade of 19th century, when the Bank of Calcutta, later renamed as the Bank of Bengal, was established on 2nd June 1806.
		The Bank of Bengal and two other Presidency banks, namely, the Bank of Bombay (incorporated on 15 April 1840) and the Bank of Madras (incorporated on 1st July 1843) were amalgamated on 27th January 1921, and the reorganized banking entity was named the Imperial Bank of India.
		The Reserve Bank of India, which is the central banking organization of India, in the year 1955, acquired a controlling interest in the Imperial Bank of India and the Imperial Bank of India was christened on 30th April 1955 as the State Bank of India.
	en.wikipedia.org /wiki/History_of_banking_in_India (700 words)

	STATE BANK OF INDIA :: INDIA's LARGEST BANK
		The pace of expansion witnessed in the previous decade fell sharply although, in the case of the Bank of Madras, it continued on a modest scale as the profits of that bank were mainly derived from trade dispersed among a number of port towns and inland centres of the presidency.
		While the Banks of Bengal and Bombay were engaged in the financing of large modern manufacturing industries, the Bank of Madras went into the financing of large modern manufacturing industries, the Bank of Madras went into the financing of small-scale industries in a way which had no parallel elsewhere.
		The commercial banks of the country including the Imperial Bank of India had till then confined their operations to the urban sector and were not equipped to respond to the emergent needs of economic regeneration of the rural areas.
	www.statebankofindia.com /viewsection.jsp?lang=0&id=0,11,86 (2183 words)

	Bank of Bengal - 1903 - 1915 (Site not responding. Last check: 2007-10-31)
		The Bank of Bengal was established in 1809 and was incorporated in 1876.
		These three banks were merged in 1921 to form the Imperial Bank of India, which became the State Bank of India in 1955.
		The State Bank of India is the largest commercial bank in India, with over 8,000 branches, visible in every small town across the length and breadth of India, and accounting for 20 per cent of all banking business in the country.
	www.antiqnet.com /detail,bank-bengal-1903,77742.html (320 words)

	EASTERN BENGAL AND ASSAM - LoveToKnow Article on EASTERN BENGAL AND ASSAM (Site not responding. Last check: 2007-10-31)
		The Bengal districts which were transferred to Eastern Bengal and Assam comprised northern and eastern Bengal, the most prosperous and least overcrowded portion of Bengal.
		Eastern Bengal consists of the Dacca and Chittagong divisions which are mainly Bengali in race and Hindu in religion.
		This proposal was bitterly opposed by the Hindus of Bengal on the ground that it would destroy the unity of the Bengali race; and their agitation was associated with the Swa-deshi (own country) movement for the boycott of British goods.
	www.1911encyclopedia.org /E/EA/EASTERN_BENGAL_AND_ASSAM.htm (1322 words)

	STATE BANK OF INDIA :: INDIA's LARGEST BANK (Site not responding. Last check: 2007-10-31)
		While the Banks of Bengal and Bombay were engaged in the financing of large modern manufacturing industries, the Bank of Madras went into the financing of large modern manufacturing industries, the Bank of Madras went into the financing of small-scale industries in a way which had no parallel elsewhere.
		The commercial banks of the country including the Imperial Bank of India had till then confined their operations to the urban sector and were not equipped to respond to the emergent needs of economic regeneration of the rural areas.
		The State Bank of India was thus born with a new sense of social purpose aided by the 480 offices comprising branches, sub offices and three Local Head Offices inherited from the Imperial Bank.
	www.sbi.co.in /viewsection.jsp?lang=0&id=0,11,86 (2185 words)

	Bank of Bengal - 1903 - 1915
		There is also a corporate seal has the bank's name embossed and their is a India Tax Stamp (One Anna) printed on the document.
		The Bank of Bengal was established in 1809 and was incorporated in 1876.
		The State Bank of India is the largest commercial bank in India, with over 8,000 branches, visible in every small town across the length and breadth of India, and accounting for 20 per cent of all banking business in the country.
	www.scripophily.net /bankofbengal.html (566 words)

	Banking & Finance
		Banking in those days was restricted to caste-based lending — a brahmin got a loan at 15 per cent while a shudra got it at 60 per cent.
		The Bank of Calcutta was set up to alleviate the financial stress of the East India Company’s government, which had run into severe trouble with wars raging against the Marathas, the French and the ruler of Mysore, Tipu Sultan.
		It was later rechristened as the Bank of Bengal under a charter of the British crown.
	www.business-standard.com /common/storypage.php?hpFlag=Y&chklogin=N&autono=190421&leftnm=lmnu3&lselect=0&leftindx=3 (679 words)

	Personal website of R.Kannan
		Bank of India, Central Bank of India, Bank of Baroda, the Canara Bank, the Indian Bank, and the Bank of Mysore were established between 1906 and 1913.
		Earlier the establishment of Reserve Bank of India in 1935 as the central bank of the country was an important step in the development of commercial banking in India.
		The history of Indian Banking in the current period (Post Reform period) is discussed in the project "Indian Banking in the New Millenium".
	www.geocities.com /kstability/learning/banking (1923 words)

	bengal
		Just under a month was spent in the Province of Bengal, of which the first few days were passed in visiting, under the guidance of Dr. Meek, the Director of Industries, a number of the principal Industrial works and factories in and around Calcutta.
		Co-operation in Bengal has one feature, on which it prides itself, and that is the strength of its Central Banks- in contrast to Burma, where the Central Banks have had a very hard struggle.
		This Bank charges a high rate of interest on its loans to Societies, namely 12% but it has also one unusual feature, namely, that if the borrowing Society repays its loans when due, a deduction of 11/2% is made and only 10 1/2% is charged.
	bidyalib.eco.ku.ac.th /bengal.html (1147 words)

	tribuneindia...Book Reviews
		The State Bank of India which traces its origin from the Bank of Bengal set up on July 8, 1806, stands out as the oldest and the first banking institution in the country.
		On the merger of all three presidency banks in Bengal, Madras and Bombay in 1921, it assumed the character of the Imperial Bank.
		During World War I the strength of white officers in 15 branches of the Bank of Bengal plunged to one either due to war efforts or sickness of officers, but no effort was made to Indianise the officer strength and the treasury work was staggered.
	www.tribuneindia.com /1998/98aug09/book.htm (5245 words)

	Reserve Bank of India
		Wide use of bank notes, however, came with the note issues of the semi-government Presidency Banks, notably the Bank of Bengal which was established in 1806 as the Bank of Calcutta with a capital of 50 lakh sicca rupees.
		The Bank of Madras established in 1843 was the third Presidency Bank.
		The notes of the Bank of Madras bore the vignette of Sir Thomas Munroe, Governor of Madras (1817-1827).
	www.rbi.org.in /scripts/pm_earlyissues.aspx (631 words)

	Bank Of India (Site not responding. Last check: 2007-10-31)
		Bank of India (BOI) is one of India's leading banks, with about 2500 branches in India and some 20 branches and representative offices abroad.
		The Reserve Bank of India (RBI) is the central bank of India, and was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934.
		It is a nationalised bank with the Reserve Bank of India having a 60% stake which is likely to be reduced.
	www.wwwtln.com /finance/14/bank-of-india.html (990 words)

	Indo-Asian News Service -> India-Economy-SBI -> PM to flag SBI's 200-year celebrations (Site not responding. Last check: 2007-10-31)
		The Mumbai-headquartered bank - that has a presence in 31 countries through 52 offices - is now focussing on becoming one of Asia's top five banks by 2008 with major overseas expansion by way of acquisitions.
		The bank - which is 59 percent owned by the Reserve Bank of India and has in its group seven associate banks - wants to take its presence to 36 countries with 70 offices.
		Together with the Bank of Bombay and the Bank of Madras - set up respectively on April 15, 1840, and July 1, 1843 - the Bank of Bengal was at the forefront of banking operations in India till their amalgamation as the Imperial Bank of India on Jan 27, 1921.
	www.eians.com /stories/2005/06/02/02pa.shtml (511 words)

	Indian banking scenario
		SBI was formed under the SBI Act in 1955 with the takeover of Imperial Bank and amalgamation of Bank of Bengal, Bank of Bombay, and Bank of Madras.
		And, it is these new banks’ top officials after migrating from the government banks are targeting at the top corporate clients and thus poaching into the corporate business, which has been the mainstay of the nationalized banks.
		All nationalized banks and SBI in particular has the advantage of vast network of branches and can therefore carry the new business to the remotest corner, but to make this presence felt the banks have to move at blitzkrieg pace.
	www.saag.org /papers/paper75.html (1179 words)

	Early Private & Semi-Government Banks (Site not responding. Last check: 2007-10-31)
		However, relevant to the context of Bank Notes, Banking in India started as an activity among the European traders, chiefly the East India Company in the early 18th century.
		The earliest known note of this bank bears the date of September 9, 1812.
		These banks include The Bank of Hindostan, The Union Bank, The Commercial Bank and the Calcutta Bank in Bengal; The bank of Western India, The Oriental Bank and the Commercial Bank of India in Bombay; The Madras Government bank and the Asiatic Bank in Madras.
	www.geocities.com /athens/acropolis/6139/earlybanks.html (579 words)

	Banking in India, Indian Insurance industry
		With 1935 regulation the Reserve Bank of India was proclaimed the Central Bank of India and was vested with controlling powers over the commercial banks.
		With economic liberalization measures many private and foreign banking companies were allowed to operate in the country.
		UTI Bank, ICICI, HDFC Bank and Bank of Punjab are the main winners of the race.
	www.naukrihub.com /india/banking-insurance (236 words)

	State Bank drags West Bengal govt to court over SEB outstandings (Site not responding. Last check: 2007-10-31)
		According to the central bank, these guarantees could be discouraging proper credit risk assessment by financial institutions involving a moralhazard problem.
		The central bank is also planning to put a ceiling on state government guarantees.
		Not only will banks be affected but also Independent Power Producers, many of whom have insisted on state govt guarantees for payments due from state electricity boards.
	www.expressindia.com /fe/daily/19990918/fec18043.html (640 words)

	:::::Bank Asia (Bangladesh):::::
		Bank Asia Limited is a scheduled commercial bank in the private sector established under the Banking Company Act 1991 and incorporated in Bangladesh as a public limited company under the Companies Act 1994 to carry out banking business in Bangladesh.
		Bank Asia Credit Card is accepted more than 3,500 merchant outlet around the country.Bank Asia Credit Card offers you free credit facility up-to 45 days & minimum 15 days without any interest,.
		You can also pay 8.33% of your billing amount or current dues every month and thus have the flexibility to plan your payments.
	www.bankasia-bd.com (155 words)

	Boston pledges Bank of Bengal-Kolkata-Cities-The Times of India (Site not responding. Last check: 2007-10-31)
		âthe first ever bank in india was the imperial bank of bengal.
		the seminar was jointly organised by the bengal national chamber of commerce and industry with the state government.
		âbank of bengal will be a financial institution, owned by individuals who have an interest in the future of bengal,â ghosh said.
	timesofindia.indiatimes.com /articleshow.asp?catkey=-2128830821&art_id=156845761&sType=1 (470 words)

	The Telegraph - Calcutta : Business (Site not responding. Last check: 2007-10-31)
		The bank, which turned around two years ago, has decided to provide working capital to the projects being commissioned in the state, mainly in steel, infrastructure and agro and food-processing sectors.
		The bank is planning an increase of more than Rs 200 crore during this year in advances in Bengal.
		Joseph said the bank hopes to increase the CD (credit-deposit) ratio to 60 per cent.
	www.telegraphindia.com /1041017/asp/business/story_3893216.asp (278 words)

	Grameen 50YIE
		Started by professor Muhammad Yunus, the Grameen Bank is noteworthy for the stark contrast between its operating principles and those of the big, international lending institutions, such as the World Bank and the IMF.
		He approached local banks, convinced that what these people most needed was simply a tiny amount of money, as little as one dollar per person.
		The Grameen ("rural" in Bengal) Bank was formally created in 1983, and the rest, as they say, is history.
	www.thirdworldtraveler.com /IMF_WB/Grameen_50YIE.html (893 words)

	Impact of the Information Technology Act' 2000: In Banking Sector
		The foundation of the modern banking was laid during the early part of the nineteenth century with the establishment of the three presidency banks namely, the bank of Bengal (1806), the bank of Bombay (1840), the bank of madras (1846).
		In 1921 the three presidency banks were amalgamated to form the Imperial bank of India..During1935 the Reserve bank derives its power from the reserve bank of India act 1935 and the banking regulation act 1949.It performs the same function as the central banks do all over the world.
		The nationalization of the banks was done with a view to serve better the developmental needs of all sectors of the economy in consonance with the national policies and priorities.
	www.asianlaws.org /projects/impact_banking_sector.htm (3088 words)

	Bloomfield State Bank (Site not responding. Last check: 2007-10-31)
		The Second Bank of the United States was founded in 1816, five years after the expiration of the First Bank of the United States out of desperation to stabilize the currency.
		The legality of the Bank was upheld in the 1819 Supreme Court of the United States case ''McCulloch v.
		The Bank of North America was succeeded by the First Bank of the United States, which the United States Congress chartered in 1791 under Article One, Section 8 of the United States Constitution, after the Constitution replaced the Articles of Confederation as the foundation of American government.
	www.wwwtln.com /finance/20/bloomfield-state-bank.html (1273 words)

	[No title]
		For some perplexing reasons neither the bank nor the Government has chosen to leverage on the strong traditions of the SBI group and more significantly those of its predecessors, the Imperial Bank of India and the three Presidency Banks of Bengal, Bombay and Madras.
		The Bank of Calcutta, the precursor to the earliest Presidency Bank (of Bengal), came into being on June 2, 1806.
		With increased autonomy, banks will be free to publicise their strengths without the fear of being hauled up by the Government and other external agencies.
	www.hinduonnet.com /thehindu/thscrip/print.pl?file=2005062001111700.htm&date=2005/06/20/&prd=biz& (641 words)

	Review On State Bank Of India by robysharma -- MouthShut.com
		The origins of State Bank of India date back to 1806, when the Bank of Calcutta (later called the Bank of Bengal) was established.
		In 1921, the Bank of Bengal and two other banks (Bank of Madras and Bank of Bombay) were amalgamated to form the Imperial Bank of India.
		The bank has a vast domestic network of 9,019 branches (approximately 14 per cent of all bank branches) and commands one-fifth of deposits and loans of all scheduled commercial banks in India.
	www.mouthshut.com /readreview/48233-1.html (646 words)

	State Bank of India (Site not responding. Last check: 2007-10-31)
		State Bank of India is the largest bank in India in terms of profits, assets, deposits, branches and employees.
		The origins of the State Bank of India date to 1806 when the Bank of Calcutta (later called the Bank of Bengal) was established.
		In 1955, the controlling interests of the Imperial Bank of India were acquired by the Reserve Bank of India, and the State Bank of India was created by an Act of Parliament to succeed the Imperial Bank of India.
	www.pamp.com /gold_c/Info_site/in_who/in_who_sbi.html (190 words)

	Netguruindia News (Site not responding. Last check: 2007-10-31)
		With the bank appointing party loyalists as its chairmen, the bank's non-performing assets have been on the rise -- thanks to the loans given to parties at the behest of these
		These are accepted by the bank at the insistence of the top officials.
		Some bank officials, refusing to be quoted, say that other branches refuse to accept currency note bundles which are sealed at the main branch of WBSCB.
	www.netguruindia.com /news/May01/09/CAL10.html (364 words)

	Dalits Ask For Justice In West Bengal By V.B.Rawat
		Like most of the states are serving notices to people who have dry latrines to convert them to the severe line or flush latrines, in progressive Bengal, the municipality still feel that if scavenging is prohibited it would ruin the livelihood of thousands of people while ignoring their legitimate demands of housing, electricity and schooling.
		Outside Bengal they are the only people visible to us to fight the menace of the BJP with their ‘educated’ ‘casteless’ comrades.
		The ruling party in West Bengal and its well wishers will have to tell the world whether they are the best defender of a Varna system or they care for the lowest of the low in Indian society.
	www.countercurrents.org /dalit-rawat071204.htm (4483 words)

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