| Company type | Public sector |
|---|---|
| Industry | Banking, Insurance, Capital Markets and allied industries |
| Founded | 1 April 1916 as Krishnaram Baldeo Bank |
| Founder | Madho Rao Scindia |
| Defunct | 1 April 1975 |
| Fate | merged with the State Bank of India |
| Successor | State Bank of India |
| Headquarters | , |
Number of locations | Gwalior State |
Area served | India |
| Products | Deposits, Personal Banking Schemes, C & I Banking Schemes, Agri Banking Schemes, SME Banking Schemes |
| Services | Banking, Trade Finance |
| Parent | State Bank of India |
The Krishnaram Baldeo Bank was a bank founded in the year 1916 in Gwalior State, India. [1] The bank was the one of the precursors of the State Bank of India. [2]
The bank was eventually merged with the State Bank of India in 1975. [3] [4] [2]
The bank had been founded in 1916 in Gwalior State. Its founder was the Maharaja Madho Rao Scindia. [2]
The bank obtained its banking license from the Reserve Bank of India in 1958. [5]
One of the first managers of the bank was Jall N. Broacha, a Parsi. [5] [6]
The bank had most of its offices and branches in the Gwalior State. [7] [8] The bank was headquartered in Gwalior. [7] [8]
In 1975, the bank was acquired by the State Bank of India. [3] [4] [2]
The bank is notable for having played a major role in the history of the financial ecosystem of Gwalior State. [9]
Even today, the building of the erstwhile Krishnaram Baldeo Bank continues to serve as the building of SBI's main branch in Gwalior.
The bank is also notable for being one of the precursors of the State Bank of India. [3] [4] [2]
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