A hundred years ago | Imperial bank of India
A historical archive piece from 1926 reports on the Imperial Bank of India fulfilling its commitment to open one hundred new branches. The expansion was largely concentrated in the Bengal region.
Why it matters
Historical reporting provides context on the development of financial institutions in colonial India.
Calcutta, August 25: The Imperial Bank of India has fulfilled its undertakings to open hundred new branches within five years. The announcement was made yesterday by Mr. H.C. Edmondson, while presiding at the annual general meeting of shareholders on the Calcutta register of the Bank. The burden of opening majority of the new branches, he said, fell on Bengal Circle which opened 66, while seven new sub-agencies and pay offices were also established.
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