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State Bank Archives and Museum

From EverybodyWiki Bios & Wiki

State Bank Archives and Museum
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Established13 May 2007; 19 years ago (2007-05-13)
Location11th Floor, Block ‘B’, Samriddhi Bhawan, Strand Road, Kolkata, West Bengal 700001
Coordinates22°34′08″N 88°20′35″E / 22.569°N 88.343°E / 22.569; 88.343Coordinates: 22°34′08″N 88°20′35″E / 22.569°N 88.343°E / 22.569; 88.343
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OwnerGovernment of India
Websitewww.sbiam.org

The State Bank Archives and Museum is an initiative to document and preserve the history of banking in the Indian subcontinent.[1][2] This archive and museum is located in the SBI Headquarters in Kolkata.

Other financial museums in India include the Reserve Bank of India Monetary Museum in Mumbai, the Museum of Indian Paper Money in Bengaluru, the Corporation Bank Heritage Museum (also known as, Coin Museum) in Udupi, and the Heritage Gallery in Thalassery.[3][4][5][6][7]

History

The first bank to be established under colonial rule in the Bengal Presidency was the Bank of Hindustan (1770) and later in 1806, the Bank of Calcutta was set up by the English East India Company to facilitate banking and financial activities for the colonial administration and traders.[8] Soon after the Bank of Bombay (1840) and Bank of Madras (1843) were established, which alongside the Bank of Calcutta got merged to form the Imperial Bank of India in 1921.[9] While the Imperial Bank acted as a centralised bank for the colonial administrators and its focus was on commercial banking, it required an independent entity to oversee growth and currency management. It was in this context, the Reserve Bank of India was formed in 1935. Later, after the independence of India in 1947, the Imperial Bank was nationalised and became the State Bank of India in 1955.[8][10] The State Bank Archives and Museum provides a platform for researchers, private individuals, and youth to explore the history of the largest bank in India and how the modern banking system in the country came into being. The initiative is a testament to the rich legacy of the State Bank of India which can be traced back to the eighteenth and nineteenth centuries.

Archive

The SBI Archive houses historical records, documents, photographs, manuscripts, and other valuable materials pertaining to the history of banking in the Indian subcontinent. This diverse collection primarily covers the history of the bank between 1806-1955 and consists of “more than 25000 records with proper reference media for retrieval of the records for research purposes.”[11] The archive plays a crucial role in preserving the continuing legacy of the Bank.

Museum

The SBI Museum has original documents, memorabilia, statues, artefacts, dioramas and murals on public display. The museum also provides a peek into the personal finances of influential Bengali Renaissance figures such as Rabindranath Tagore, Ishwar Chandra Vidyasagar, and theosophist Annie Besant.[12] At the entrance of the museum is a statue of Tagore's grandfather Dwarkanath Tagore, a prominent industrialist of his time and one of the earliest contributors towards the growth of the Bank.[12]

Exhibits include:[13]

  • Complaint registers of the Bank of Bengal
  • 1889 Notes of the Banks of Bengal
  • Bombay and Madras Account opening forms and ledgers of eminent personalities
  • Pass Books
  • Instruments of Banking
  • Important Agreements
  • Scrolls of fidelity and secrecy
  • Some relics of the former Bank of Bengal building in Calcutta
  • Illustrations of buildings
  • Leaflets and journals
  • Weights and measures, swords and pistols, seals and insignia, trophies, etc.
  • Old publications of the Bank

Library

The SBI Library has "more than 5000 rare books and journals" relevant to Indian economic history. This collection includes diverse past banking acts, laws, regulations, reports and commentaries which would not only reflect the commercial ambitions of the English East India Company but also highlight the origins and economic trajectory of the State Bank of India. The library also comprises various biographies, memories, and mails of prominent individuals.[14]

See also

References

  1. ↑ "SBI Archive and Museum". map.sahapedia.org. Retrieved 2023-07-01.
  2. ↑ "Learn About The Transition Of Banking In India At SBI Archive And Museum | LBB". LBB, Kolkata. Retrieved 2023-07-01.
  3. ↑ "Paper bills, coins, and money through the ages". The Hindu. 2018-05-02. ISSN 0971-751X. Retrieved 2023-07-01.
  4. ↑ Poovanna, Sharan (2023-01-16). "Bengaluru Museum of money is like a luxury showroom. It's not just about city's new wealth". ThePrint. Retrieved 2023-07-01.
  5. ↑ "Decoding the past through coins". Deccan Herald. 2016-11-14. Retrieved 2023-07-01.
  6. ↑ "Corp Bank's heritage museum, a treasure of financial knowledge". www.thehindubusinessline.com. 2011-09-08. Retrieved 2023-07-01.
  7. ↑ "A museum catching banking history of Thalassery". The Times of India. 2017-07-12. ISSN 0971-8257. Retrieved 2023-07-01.
  8. ↑ 8.0 8.1 Bagchi, Amiya Kumar (2006). The evolution of the State Bank of India. 1: The roots 1806 - 1876. New Delhi: Penguin Books. ISBN 978-0-670-99917-0. Search this book on
  9. ↑ Banerjee, Abhijit Vinayak; Cole, Shawn; Duflo, Esther (2004). "Banking Reform in India" (PDF). India Policy Forum. 1 (1): 277–332.
  10. ↑ Gajdhane, Amol (2012). "The evolution of banking in India". Avishkar–Solapur University Research Journal. 2: 67–75.
  11. ↑ "About Archive - State Bank Archives and Museum". www.sbiam.org. Archived from the original on 1 July 2023. Retrieved 2023-07-01.
  12. ↑ 12.0 12.1 "SBI MUSEUM: A peek into the evolution of Indian banking". www.thehindubusinessline.com. 2012-07-07. Retrieved 2023-07-01.
  13. ↑ "About Museum - State Bank Archives and Museum". www.sbiam.org. Archived from the original on 1 July 2023. Retrieved 2023-07-01.
  14. ↑ "About Library - State Bank Archives and Museum". www.sbiam.org. Archived from the original on 1 July 2023. Retrieved 2023-07-01.

Further reading

  1. Kumar, Dharma; Raychaudhury, Tapan; Desai, Meghnad. (Eds.). (1983). The Cambridge economic history of India: C.1751-c.1970 volume 2. Cambridge, England: Cambridge University Press. ISBN 9780521228022
  2. Tripathi, Dwijendra. (2004). The Oxford History of Indian Business. India: Oxford University Press. ISBN 978-0195659689

External links


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