Its exciting development into the large Organisation that it has become with multi-faceted Banking activities across the Globe ( it has come a long way from the early days when the Bank of Calcutta was created in 1806)was recognized by the monetary regulator, the Reserve Bank of India and Commemorative coins were issued in 2006 to celebrate the bicentenary of the Bank’s creation.
Early history of Banking in India during the times of East India Company:
All along several private Banks continued to do business , apart from indigenous Banks in various major business centres, in India.
Amalgamation of Presidency Banks into the Imperial Bank of India:
However, this logo was later abandoned, as it invited criticism that a Banyan tree does not let any other plant grow within its space (a symbolism that the other smaller Banks in operation in India, also needed to grow in operations)
The project spanned the tenures of 8 chairmen of the State Bank and the book titled “The Evolution of the State Bank of India – The Roots 1806 to 1876 “ (in Two volumes – Part 1 1806 to 1860 titled “The early years” and Part II 1861 to 1876 titled “ Diversity and Regrouping “)came out in January 1987. The content was culled from the vast historical records/documents/pictures which the State Bank possesses.
For the first time, I read about the history of the Presidency Banks, cowries, siccas, khazanchees, Agents (Branch Managers), the Arcot rupee, the copper, silver and gold mohurs/coins under the Standard coinage , Bank Notes issued by various Presidency Banks etc.
2) Celebrating 75 Years of Reserve Bank of India in 2010
3) Standard Chartered Bank (SCB): Commemorating 150 Years of SCB in India in 2008
5) Central Bank of India: A Commemorative stamp of 500 Paise or Rs.5/- celebrating the Centenary of the establishment of the Bank brought out by India Post on 23.12.2010