India–United Kingdom relations would remain the empire's most important colony until independence. Queen Victoria became Empress of India in 1876. From a small trading outpost, India became the jewel in the British crown. In 1858, the British Government took control of the territories and treaty arrangements of the former East India Company. In 1876, the area, which included modern India, Pakistan, and Bangladesh, became "the Indian Empire" (often known historically as the "British Raj") with British Monarch Queen Victoria proclaimed as "Empress of India" (a title held by her successors until 1947). The British Indian Army was established and assisted Britain in many
Commercial Bank of India Commercial Bank of India The Commercial Bank of India, also known as Exchange Bank was a bank which was established in Bombay Presidency (now Mumbai), in 1845 of the British Raj period. The bank failed in the crash of 1866, after successfully operating for 20 years. The bank had eight branches, exclusive of the head office at Bombay, viz: London, Calcutta, Hong Kong, Foochow, Shanghai, Hankow, Yokohama and Singapore, with an agency for the purchase of bullion at San Francisco. Commercial Bank of India then was winded up as directed by the Master of the Rolls, under the corresponding section