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It was established by the agency house of Alexander and Company. [2] [3] [4] The Bank lived through three economic crises of the 19th century: [5] The Recession of 1819; The failure of Palmer and Co., a British agency house; The Banking Crisis of 1832
The Oriental Life Insurance Company, the first company in India to offer life insurance coverage, was established in Kolkata in 1818 by Bipin Das Gupta. Its primary target market was India. [9] Surendranath Tagore had founded Hindustan Insurance Society around the same time, which later became the Life Insurance Corporation. [10]
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Chairperson, State Bank of India: Challa Sreenivasulu Setty: 28 August 2024 Chairperson, Industrial Development Bank: Rakesh Sharma [32] Chairperson, Life Insurance Corporation: Siddharth Mohanty: Chairperson, Central Board of Direct Taxes: Ravi Agarwal : 1 July 2024 Chairperson, Central Board of Indirect Taxes and Customs
No one can prevent all identity theft. †LifeLock does not monitor all transactions at all businesses. ††Phone alerts made during normal local business hours.
Following the nationalisation of the life insurance business and the formation of the Life Insurance Corporation of India under statutory law, the company became a subsidiary of the Life Insurance Corporation of India from 1956 to 1973 (until the general insurance business was nationalized in the country).
No one can prevent all identity theft. † LifeLock does not monitor all transactions at all businesses ‡‡ Phone alerts made during normal local business hours. ††† Reimbursement and Expense Compensation, each with limits of up to $1 million for Ultimate Plus, up to $100,000 for Advantage and up to $25,000 for Standard.
The Allahabad Bank, established in 1865 and still functioning today, is the oldest Joint Stock bank in India, it was not the first though. That honour belongs to the Bank of Upper India, which was established in 1863 and survived until 1913, when it failed, with some of its assets and liabilities being transferred to the Alliance Bank of Simla.