Native name | Commercial Bank of India |
|---|---|
| Founded | 1845; 181 years ago (1845)) |
| Defunct | 1866; 160 years ago (1866) |
| Headquarters | |
Number of locations | 10 |
| Products | Banking |
TheCommercial Bank of India, also known asExchange Bank, was abank which was established inBombay Presidency (now Mumbai), in 1845 of theBritish Raj period. The bank failed in thecrash of 1866,[1] after successfully operating for 20 years. The bank had eight branches, exclusive of the head office at Bombay, viz: London,Calcutta, Hong Kong,Fuzhou, Shanghai,Hankou (now part of Wuhan), Yokohama and Singapore, with an agency for the purchase ofbullion atSan Francisco.[2] Commercial Bank of India was then wound up as directed by theMaster of the Rolls, under the corresponding section of theCompanies 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.[3]
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