was one of the three presidency banks, the other two being the
Bank of Bombay and the Bank of Madras, all three of which were
established under charters from the British East India Company.
For many years the Presidency banks acted as quasi-central banks,
as did their successors. The three banks merged in 1925 to form
the Imperial Bank of India, which, upon India’s independence,
162 bank
ANCHOR
INDIA
became the State Bank of India (SBI). T