Krishnaram Baldeo Bank

The Krishnaram Baldeo Bank
Company typePublic sector
IndustryBanking, Insurance, Capital Markets and allied industries
Founded1 April 1916 (1916-04-01) as Krishnaram Baldeo Bank
FounderMadho Rao Scindia
Defunct1 April 1975 (1975-04-01)
Fatemerged with the State Bank of India
SuccessorState Bank of India
Headquarters
Gwalior
,
India
Number of locations
Gwalior State
Area served
India
ProductsDeposits, Personal Banking Schemes, C & I Banking Schemes, Agri Banking Schemes, SME Banking Schemes
ServicesBanking, Trade Finance
ParentState Bank of India

The Krishnaram Baldeo Bank was a bank founded in the year 1916 in Gwalior State, India.[1] The bank was the one of the precursors of the State Bank of India.[2]

The bank was eventually merged with the State Bank of India in 1975.[3][4][2]

History

Founding

The bank had been founded in 1916 in Gwalior State. Its founder was the Maharaja Madho Rao Scindia.[2]

The bank obtained its banking license from the Reserve Bank of India in 1958.[5]

Management

One of the first managers of the bank was Jall N. Broacha, a Parsi.[5][6]

The bank had most of its offices and branches in the Gwalior State.[7][8] The bank was headquartered in Gwalior.[7][8]

Final years

In 1975, the bank was acquired by the State Bank of India.[3][4][2]

Legacy

The bank is notable for having played a major role in the history of the financial ecosystem of Gwalior State.[9]

Even today, the building of the erstwhile Krishnaram Baldeo Bank continues to serve as the building of SBI's main branch in Gwalior.

The bank is also notable for being one of the precursors of the State Bank of India.[3][4][2]

See also

References

  1. ^ "Opinion: The long road to an Indian banking union". www.livemint.com.
  2. ^ a b c d e Krishnajikavishwar, Rahul. Analysis of Mergers and Acquisitions in the Indian Banking Sector Under Post Liberalization Era. Archers & Elevators Publishing House. ISBN 978-81-945170-4-7.
  3. ^ a b c Kumar, Parmod (2006). Banking Sector Efficiency in Globalised Economy. Deep & Deep Publications. ISBN 978-81-7629-828-5.
  4. ^ a b c Chaudhuri, Ranajoy Ray (29 October 2018). Central Bank Independence, Regulations, and Monetary Policy: From Germany and Greece to China and the United States. Springer. ISBN 978-1-137-58912-5.
  5. ^ a b "SBI Banking report" (PDF). www.vidyaprasar.dei.ac.in.
  6. ^ "Bankins System in India History | PDF | Economy Related Organizations | Banks".
  7. ^ a b "DISTRICT PROFILE - 2017" (PDF). www.cdn.s3waas.gov.in.
  8. ^ a b "Legal Fortnight" (PDF). Archived from the original (PDF) on 20 March 2022.
  9. ^ "B.COM PROJECT WORK and Customer-Satisfaction" (PDF). www.gdcchebrole.ac.in.