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Nath Bank
The Nath Bank ( bn, নাথ ব্যাংক) was an Indian-owned bank founded by Kshetra Nath Dalal in 1926 in Noakhali, now in Bangladesh but then in undivided India. By 1947, when the Partition of India was imminent, the bank had its head office and three branches in Noakhali district, and a branch in Comilla in Tipperah District. Noakhali and Tipperah districts became part of Pakistan, so the bank moved its head office to Kolkata Kolkata (, or , ; also known as Calcutta , the official name until 2001) is the capital of the Indian state of West Bengal, on the eastern bank of the Hooghly River west of the border with Bangladesh. It is the primary business, comme .... At that time, Indian banks were facing asevere crisis. In 1949, the Nath Bank had to be bailed out by the Reserve Bank of India. That failed to resolve the crisis and the bank was finally liquidated in 1950. The economist Arun Ghosh attributes its collapse to its over-aggressive expansion of branch ...
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Noakhali
Noakhali ( bn, নোয়াখালী, , New canal), historically known as Bhulua ( bn, ভুলুয়া), is a district in southeastern Bangladesh, located in the Chittagong Division. It was established as district in 1821, and officially named Noakhali in 1868. Its headquarters lie in the town of Maijdee, making Noakhali the only district of Bangladesh that isn't named after its town name. Etymology and names The name of Noakhali District comes from the town of Noakhali (নোয়াখালী), which was the former headquarters of the old district. It is a compound of two words; ''Noa'' (meaning new in Noakhailla) and ''Khali'' (a diminutive of ''khal'' meaning canal). The history behind its naming is traced back to a canal that was dug in the 1660s in response to devastating floods which had affected the area's agricultural activities. The canal ran from the Dakatia through Ramganj, Sonaimuri and Chowmuhani, to divert water flow to the junction of the Meghn ...
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Bangladesh
Bangladesh (}, ), officially the People's Republic of Bangladesh, is a country in South Asia. It is the List of countries and dependencies by population, eighth-most populous country in the world, with a population exceeding 165 million people in an area of . Bangladesh is among the List of countries and dependencies by population density, most densely populated countries in the world, and shares land borders with India to the west, north, and east, and Myanmar to the southeast; to the south it has a coastline along the Bay of Bengal. It is narrowly separated from Bhutan and Nepal by the Siliguri Corridor; and from China by the Indian state of Sikkim in the north. Dhaka, the capital and list of cities and towns in Bangladesh, largest city, is the nation's political, financial and cultural centre. Chittagong, the second-largest city, is the busiest port on the Bay of Bengal. The official language is Bengali language, Bengali, one of the easternmost branches of the Indo-Europe ...
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Partition Of India
The Partition of British India in 1947 was the Partition (politics), change of political borders and the division of other assets that accompanied the dissolution of the British Raj in South Asia and the creation of two independent dominions: Dominion of India, India and Dominion of Pakistan, Pakistan. The Dominion of India is today the India, Republic of India, and the Dominion of Pakistan—which at the time comprised two regions lying on either side of India—is now the Pakistan, Islamic Republic of Pakistan and the Bangladesh, People's Republic of Bangladesh. The partition was outlined in the Indian Independence Act 1947. The change of political borders notably included the division of two provinces of British India, Bengal Presidency, Bengal and Punjab Province (British India), Punjab. The majority Muslim districts in these provinces were awarded to Pakistan and the majority non-Muslim to India. The other assets that were divided included the British Indian Army, ...
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Comilla
Comilla (; bn, কুমিল্লা, Kumillā, ), officially spelled Cumilla, is the fifth largest city of Bangladesh and second largest in Chittagong division. It is the administrative centre of the Comilla District. The name Comilla was derived from ''Komolangko'' (কমলাঙ্ক), meaning the pond of lotus. History Ancient era The Comilla region was once under ancient Samatata and was joined with Tripura State. This district came under the reign of the kings of the Harikela in the ninth century AD. Lalmai Mainamati was ruled by the Deva dynasty (eighth century AD), and (during the 10th and mid-11th century AD). In 1732, it became the centre of the Bengal-backed domain of Jagat Manikya. The Peasants' Movement against the king of Tripura in 1764, which originally formed under the leadership of Shamsher Gazi is a notable historical event in Comilla. It came under the rule of East India Company in 1765. This district was established as the Tripura district i ...
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Pakistan
Pakistan ( ur, ), officially the Islamic Republic of Pakistan ( ur, , label=none), is a country in South Asia. It is the world's List of countries and dependencies by population, fifth-most populous country, with a population of almost 243 million people, and has the world's Islam by country#Countries, second-largest Muslim population just behind Indonesia. Pakistan is the List of countries and dependencies by area, 33rd-largest country in the world by area and 2nd largest in South Asia, spanning . It has a coastline along the Arabian Sea and Gulf of Oman in the south, and is bordered by India to India–Pakistan border, the east, Afghanistan to Durand Line, the west, Iran to Iran–Pakistan border, the southwest, and China to China–Pakistan border, the northeast. It is separated narrowly from Tajikistan by Afghanistan's Wakhan Corridor in the north, and also shares a maritime border with Oman. Islamabad is the nation's capital, while Karachi is its largest city and fina ...
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Kolkata
Kolkata (, or , ; also known as Calcutta , List of renamed places in India#West Bengal, the official name until 2001) is the Capital city, capital of the Indian States and union territories of India, state of West Bengal, on the eastern bank of the Hooghly River west of the border with Bangladesh. It is the primary business, commercial, and financial hub of East India, Eastern India and the main port of communication for North-East India. According to the 2011 Indian census, Kolkata is the List of cities in India by population, seventh-most populous city in India, with a population of 45 lakh (4.5 million) residents within the city limits, and a population of over 1.41 crore (14.1 million) residents in the Kolkata metropolitan area, Kolkata Metropolitan Area. It is the List of metropolitan areas in India, third-most populous metropolitan area in India. In 2021, the Kolkata metropolitan area crossed 1.5 crore (15 million) registered voters. The ...
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Defunct Banks Of India
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ...
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Banks Disestablished In 1950
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots i ...
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Banks Established In 1926
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the an ...
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1950 Disestablishments In India
Year 195 ( CXCV) was a common year starting on Wednesday (link will display the full calendar) of the Julian calendar. At the time, it was known as the Year of the Consulship of Scrapula and Clemens (or, less frequently, year 948 ''Ab urbe condita''). The denomination 195 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years. Events By place Roman Empire * Emperor Septimius Severus has the Roman Senate deify the previous emperor Commodus, in an attempt to gain favor with the family of Marcus Aurelius. * King Vologases V and other eastern princes support the claims of Pescennius Niger. The Roman province of Mesopotamia rises in revolt with Parthian support. Severus marches to Mesopotamia to battle the Parthians. * The Roman province of Syria is divided and the role of Antioch is diminished. The Romans annexed the Syrian cities of Edessa and Nisibis. Severus re-establish his he ...
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