CleanupBot II at 20:59, 13 August 2023

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{{Use dmy dates|date=November 2015}}
{{Use Indian English|date=November 2015}}
{{Infobox company
| name =
| native_name = Commercial Bank of India
| trading_name =
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| fate =
| predecessor =
| successor =
| foundation = [[Bombay]], [[British India]] ({{Start date|1845}})
| founder =
| defunct = {{End date|1866}}
| location_city =
| location_country =
| locations = 10
| area_served =
| key_people =
| industry =
| products = [[Banking]]
| production =
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}}

The '''Commercial Bank of India''', also known as '''Exchange Bank''' was a [[bank]] which was established in [[Bombay Presidency]] (now [[Mumbai]]), in 1845 of the [[British Raj|British Raj period]]. The bank failed in the [[Panic of 1866|crash of 1866]],<ref>{{cite web|title=Indian Currency >> Museum >> Paper Money - Early Issues|url=http://www.rbi.org.in/scripts/pm_earlyissues.aspx|publisher=[[Reserve Bank of India]]|access-date=27 February 2012}}</ref> after successfully operating for 20 years. The bank had eight branches, exclusive of the head office at Bombay, viz: [[London]], [[Calcutta]], [[Hong Kong]], [[Foochow]] (now [[Fuzhou]]), [[Shanghai]], [[Hankow]] (now part of [[Wuhan]]), [[Yokohama]] and [[Singapore]], with an agency for the purchase of [[bullion]] at [[San Francisco]].<ref name="The Bankers' magazine">{{cite book|title=The Bankers' magazine|url=https://books.google.com/books?id=-iw5AAAAMAAJ&pg=PA455|access-date=27 February 2012|year=1867|publisher=BPC (Bankers' Magazine) Ltd.|page=455}}</ref> Commercial Bank of India then was winded up as directed by the [[Master of the Rolls]], under the corresponding section of the [[United Kingdom company law|Companies Act of England]], where the company was registered under the Indian law and was not registered in [[England]], but was carrying on business in England.<ref>{{cite news|title=The Oriental Bank suspension|url=https://news.google.com/newspapers?id=zeAQAAAAIBAJ&sjid=1pUDAAAAIBAJ&pg=7069,2566398&dq=commercial-bank-of-india&hl=en|access-date=28 February 2012|newspaper=[[The Sydney Morning Herald]]|date=6 May 1884}}</ref>

==See also==

* [[History of Mumbai]]
* [[Banking in India]]

==References==
{{reflist}}

{{Banking in India}}

[[Category:Banks established in 1845]]
[[Category:Banks disestablished in 1866]]
[[Category:1845 establishments in British India]]
[[Category:Defunct banks of India]]

{{India-company-stub}}
{{en-Wikipedia}}

Commercial Bank of India - Revision history

CleanupBot II at 20:59, 13 August 2023