Commercial Bank of India
Native name | Commercial Bank of India |
|---|---|
| Founded | Bombay,British India(1845) |
| Defunct | 1866 |
Number of locations | 10 |
| Products | Banking |
TheCommercial Bank of India,also known asExchange Bank,was abankwhich was established inBombay Presidency(nowMumbai), in 1845 of theBritish Raj period.The bank failed in thecrash of 1866,[1]after successfully operating for 20 years. The bank had eight branches, exclusive of the head office at Bombay, viz:London,Calcutta,Hong Kong,Fuzhou,Shanghai,Hankou(now part ofWuhan),YokohamaandSingapore,with an agency for the purchase ofbullionatSan Francisco.[2]Commercial Bank of India then was winded up as directed by theMaster of the Rolls,under the corresponding section of theCompanies Act of England,where the company was registered under the Indian law and was not registered inEngland,but was carrying on business in England.[3]
See also
[edit]
References
[edit]- ^"Indian Currency >> Museum >> Paper Money - Early Issues".Reserve Bank of India.Archived fromthe originalon 7 March 2012.Retrieved27 February2012.
- ^The Bankers' magazine.BPC (Bankers' Magazine) Ltd. 1867. p. 455.Retrieved27 February2012.
- ^"The Oriental Bank suspension".The Sydney Morning Herald.6 May 1884.Retrieved28 February2012.
  | This article about an Indian company is astub.You can help Wikipedia byexpanding it. |