the first bank was established in the world in india.
the first bank was established in the world in india.
where was the first bank established in the world?
india
Na
Na
the bank of new south wales was the first bank established in australia (february 1817) but it was restricted to trading in sydney until 1850. after restructuring, it opened its first branch outside sydney, in brisbane, on 14 november 1850, also being the first bank established in queensland. it continued to expand rapidly with the rush of gold discoveries in new south wales and victoria. the bank set up agencies and gold-buying agents at every new mining venture in order to spread its network and consolidate its position. bank officers were urged on by their superiors to be the first to a new location to set up a gold-buying agency. by 1861 the bank of nsw had grown from a single sydney office to a network of 37 branches in australia and new zealand.
bank of new south wales building, charters towers