Tuesday, November 11, 2014

Bank of Bengal History,bengal crisis 1833

bank of bengal history 
The Bank's History following. That this is the first occasion on which these items have been assembled in coherent form is a mere matter of incident. Looking back through the century of time which has elapsed since the Bank first saw the light, it is interesting to note how the Institution has time after time come unscathed through the various financial upheavals which have marked the history of finance in India. The crises of 1832-33,1857, 1863-64 and the terrible times of 1866 have left it with a record of a minimum of 22"5 per cent, of Cash to Liabilities a figure which it is difficult to help comparing to the Bank of England's percentage of five in the last mentioned year.

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