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In June 1864 it took over a member of the London
Bankers' Clearing House – the London banking partnership of Masterman, Peters, Mildred and Company – and renamed itself Agra and Masterman's Bank. It met strong opposition, suffered share price manipulation and lost customers. By 1866 it had become the
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The bank was founded in 1833, but by 1840 its business was still confined to advances to the military. Attempts to circulate banknotes were blocked by the government but in any case notes had little appeal to the bulk of local residents. A branch was established in
Somerset Place, Calcutta and by the
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mid-1850s
Calcutta had become its head office with branches in Madras and Bombay and a London agency. Branches in Lahore and Canton were added and at the end of the 1850s the head office was moved to London.
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The remaining Indian portion of its business was reconstituted under the name Agra Bank. and re-opened for business on 7 January 1867. It was liquidated in 1900.
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The Agra and United
Service Bank was incorporated in England in 1857 and issued banknotes but it was unable to gain entry to the London
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152:. Agra and Masterman's was obliged to suspend payment on 6 June 1866 following the panic beginning with the closure of
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118:), with a capital of £1,000,000 and was finally liquidated in 1900.
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The Bengal and Agra Annual Guide and
Gazetteer, for 1841-: I, II.
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271:
Dennis O. Flynn, A.J.H. Latham, Sally M. Miller (editors).
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273:Studies in the Economic History of the Pacific Rim
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18:Public bank founded in Agra, India (1833–1900)
148:leading exchange bank in the East after the
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218:Saturday, 11 June 1836 Issue 16127 Page 6
131:Move to London and the United Service Bank
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194:"The Advent of Modern Banking in India"
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327:Former banknote issuers of Hong Kong
214:Money-Market and City Intelligence.
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342:Economic history of Uttar Pradesh
295::100 years of banking in the East
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234:Stuart Muirhead, Edwin Green.
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174:List of oldest banks in India
143:Take over of Masterman's Bank
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106:that was founded in 1833 in
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238:, Ashgate Publishing, 1996
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236:Crisis Banking in the East
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322:Banks established in 1867
317:Banks established in 1857
312:Banks established in 1833
150:Oriental Bank Corporation
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275:Routledge, London 1998
196:. Reserve Bank of India
137:Bankers' Clearing House
337:Defunct banks of India
257:accessed 27 May 2020
291:Compton Mackenzie.
110:(now in the Indian
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293:Realms of Silver
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332:History of Agra
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198:. Retrieved
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80:Headquarters
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306:Categories
281:0203065352
200:5 February
180:References
75:Liquidated
216:The Times
160:Agra Bank
100:Agra Bank
22:Agra Bank
168:See also
27:Industry
122:History
62: (
57:Defunct
52:, India
42: (
37:Founded
31:Banking
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242:
112:state
91:India
277:ISBN
240:ISBN
202:2023
108:Agra
104:bank
85:Agra
72:Fate
64:1999
60:1999
50:Agra
44:1833
40:1833
114:of
48:in
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