Tuesday, November 11, 2014

Bank of Bengal banknote with signature,Alexander and Co,Bengal Sicca rupees 20 1853




The first Bank which was started in India under European auspices was the Bank of Hindustan. This institution was established as a branch of the Hindustan of 
Messrs. Alexander and Co.,
one of the leading Calcutta firms of the period, in or about the year 1770. Previous to this date the functions of Bankers had been exercised by the great Agency houses of Calcutta, who, besides being Merchants and Agents, conducted all branches of 
Banking business. 
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