Residencies of British India not maintain military forces other than for internal policing or else form diplomatic alliances with other States. The Residents attempted to modernize these Native States through promotion of European notions of progressive government. The first Native States to enter such subsidiary alliances included Arcot, Oudh and Hyderabad. Before the Rebellion of 1857, the role of the British Resident in Delhi was more important than that of other Residents, because of the tension that existed between the declining Mughal Empire and the emerging power of the East India Company. After the establishment of Crown rule of British India in 1858, the
Commercial Bank of India of the Companies Act of England, where the company was registered under the Indian law and was not registered in England, but was carrying on business in England. 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