Encyclopedia > Chartered Bank of India, Australia and China
The Chartered Bank of India, Australia and China (or simply The Chartered Bank) was a bank founded in 1851. It merged with the Standard Bank of British South Africa in 1969, and the combined bank became the Standard Chartered Bank. Events January 23 - The flip of a coin determines whether a new city in Oregon is named after Boston, Massachusetts, or Portland, Maine, with Portland winning. ... 1969 was a common year starting on Wednesday (the link is to a full 1969 calendar). ... Standard Chartered Bank (LSE: STAN), (HKSE: 2888) is a British bank headquartered in London with operations in many countries, especially in Asia and Africa. ...
References
Feng, Bangyan; (1861). A Century of Hong Kong Financial Development. Joint Publishing Hong Kong. ISBN 962-04-2129-9.
Standard CharteredBank first opened its doors to the public in India on 12 April 1858, when the CharteredBank of India, Australia and China (incorporated in 1853) inaugurated its first branch in Kolkata.
The merger with the Standard Bank of British South Africa in 1969 and the acquisition of Grindlays Bank in 2000 were two key events that have played an important role in making the Bank the largest international bank in India.
After nearly 150 years of service to India, Standard CharteredBank continues to be committed to the country and optimistic of positively contributing to the Indian Financial Sector.
Standard CharteredBank was formed through the merger in 1969 of two British overseas banks: the Standard Bank of British South Africa and The CharteredBank of India, Australia and China.
The bank opened offices across Asia from the 1860s through the 1900s, and in the early 1900s became the first foreign bank to gain a license to operate in New York.
Standard CharteredBank is one of the three banks issuing banknotes for Hong Kong, the other two being the Bank of China (Hong Kong) and the Hongkong and Shanghai Banking Corporation.
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