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.
The first entirely Indian bank was the Oudh Commercial Bank. It was established in 1881 in Faizabad (Saket) and functioned until 1958.
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.