Indian banking and Lala Lajpat Rai Economy History How is famed freedom fighter, Lala Lajpat Rai, connected to the Indian banking system?
The first truly Indian bank The first entirely Indian bank was the Oudh Commercial Bank. It was established in 1881 in Faizabad (Saket) and functioned until 1958.
Imperial Bank of India and the State Bank of India Prior to 1956, State Bank of India was actually the Imperial Bank of India which itself traced its roots to the Bank of Calcutta which was established in 1806.
