| The Punjab Banking Company | |
| Type: | Private sector |
| Industry: | Banking, Insurance, Capital Markets and allied industries |
| Fate: | merged with the Alliance Bank of Simla |
| Successor: | Alliance Bank of Simla |
| Foundation: | as The Punjab Banking Company |
| Founder: | David Parkes Masson |
| Location City: | Lahore |
| Locations: | Punjab province |
| Area Served: | India |
| Products: | Deposits, Personal Banking Schemes, C & I Banking Schemes, Agri Banking Schemes, SME Banking Schemes |
| Services: | Banking, Trade Finance |
| Parent: | Alliance Bank of Simla |
| Location Country: | India |
The Punjab Banking Company (1889) was a bank founded in the year 1889 in British India. The bank became defunct in the year 1916, when it was acquired by the Alliance Bank of Simla.[1]
The Punjab Banking Company was founded by Sir David Parkes Masson in the year 1889.[2]
The bank's customers were located in the Punjab province of British India.[3]
The bank was staffed by mostly British nationals who were drawn mainly from the East India Company.[4]
The bank was headquartered in Lahore city in the Punjab province.[5]
The bank had branches in Abbottabad, Dalhousie, Ferozepore, Jullundar, Karachi, Cantonment [sic], Multan, Naushera (in the North-west Frontier province), Quetta, Peshawar, Sialkot, Simla, and Srinagar.[6] [7]
In 1916, the bank was finally merged with the Alliance Bank of Simla.[8] [9]
The bank is notable for being one of the oldest banks in India.[10] [11]
The bank is also notable for being one of the precursors of the State Bank of India, through its predecessor the Alliance Bank of Simla.[12] [13] [14]