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| Company type | Private company |
|---|---|
| Industry | Financing |
| Founded | 1 April 1835 (1835-04-01) |
| Founder | Mr. Bathurst |
| Defunct | 31 March 1837 (1837-03-31) |
| Fate | Liquidated |
| Headquarters | , |
Area served | India |
| Products | Deposits,Personal banking |
| Services | Banking,Trade Finance |
TheBank of Mirzapore (1835) was a bank founded in the year 1835 inBritish India. The bank was theseventeenth oldest bank in India.[1] It was liquidated in 1937.
The bank was founded in 1835 inMirzapur by a Mr. Bathurst, a businessman fromEngland who had arrived in India with a hope of striking it big in the banking industry.[2]
The bank printed its own notes and achieved a modest level of success in the bill discounting of its notes.[2]
The bank was known for its punctuality and it soon gained the confidence of merchants and traders ofCalcutta who came to rely on it for their banking needs. The owner of the bank Mr. Bathurst was able to build a large house inMirzapur due to the success of his bank.[2]
The bank faced a lot of competition from theBank of Calcutta which had opened at around the same time and enjoyed the patronage of theEast India Company. By 1837, the Bank of Mirzapore was unable to scale up its operations and was not able to compete with theBank of Calcutta. The Bank of Mirzapore was finally liquidate in 1937.[2]
The bank is notable for being theseventeenth oldest bank in India.[1]
