The Dacca Bank (1846)
| Company type | Private sector |
|---|---|
| Industry | Banking, Insurance, Capital Markets and allied industries |
| Founded | 1 April 1846 |
| Defunct | 31 March 1862 |
| Fate | merged with the Bank of Bengal in 1862 |
| Headquarters | |
Number of locations | Dhaka |
| Products | Deposits, Personal Banking Schemes, C & I Banking Schemes, Agri Banking Schemes, SME Banking Schemes |
| Services | Banking, Trade Finance |
The Dacca Bank was a bank founded in 1846 in Dhaka, in the then British India. The bank was the thirty second oldest bank in India.[1] It is the very first private bank founded in the present day country of Bangladesh.[2][3]
History[edit]
The bank was founded in 1846 in Dhaka by Khwaja Alimullah. He was a merchant and the largest and most influential zamindar in East Bengal. He also managed to maintain friendly relations with the British during the British Raj in India.[4] The bank was started with a capital of four lakh rupees.[5]
After his death in 1954, Khwaja Alimullah was succeeded by his son Khwaja Abdul Ghani, who continued to manage the affairs of the bank.[4] The directors of the bank were J P Wise, R J Carnegie, Nicholas Pogose, Babu Mirtunjoy Dutt, Babu Dinanath Ghosh, William Foley and G M Reilly.[6]
The bank was acquired by the Bank of Bengal in 1862. The last few branches of the bank were shut in 1877 and were gradually replaced by the branches of the Bank of Bengal.[2][5]
References[edit]
- ^ "Reserve Bank of India - Museum". rbi.org.in.
- ^ a b "Banking History of Bangladesh". 18 May 2020. Archived from the original on 21 May 2022. Retrieved 28 April 2024.
- ^ Routledge Library Editions: Urban History. Routledge. 25 February 2021. ISBN 978-1-351-13717-1.
- ^ a b Sirajul Islam; Miah, Sajahan; Khanam, Mahfuza; Ahmed, Sabbir, eds. (2012). "Nawab Family of Dhaka". Banglapedia: the National Encyclopedia of Bangladesh (Online ed.). Dhaka, Bangladesh: Banglapedia Trust, Asiatic Society of Bangladesh. ISBN 984-32-0576-6. OCLC 52727562. OL 30677644M. Retrieved 1 May 2024.
- ^ a b Scutt, G. P. Symes (1904). The History of the Bank of Bengal: An Epitome of a Hundred Years of Banking in India. A.J. Tobias, at the Bank of Bengal Press.
- ^ Ahmed, Sharif Uddin (12 January 2018). Dacca: A Study in Urban History and Development. Routledge. ISBN 978-1-351-18673-5.
