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 ofMessrs. 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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