GUWAHATI: Did you know Guwahati had a bank of its own? The Guwahati Bank Ltd was established on 18th June 1926. It was a non-government company and classified as “company limited by shares.”
The bank was first set up a Latasil in the house of Lt. Gauri Kanta Talukdar. In 1936 the bank got its permanent address at the Panbazaar, in the two-storied building opposite the Panbazar Masjid, now housed by the Central Bank of India, Panbazar Branch.
Its first Director was Lokpriya Gopinath Bordoloi and the first Manager was Upen Changkakoti.
The bank had 12 branches in Assam and also a branch in Kolkata. In 1940, it was recognised by the Assam Government and subsequently listed with the RBI.
It provided services like savings account, financial services to businesses, government tenders and also provided loans to tea gardens.
However, on 20th July 1950, the bank suspended operations due to economic downfall.