Identity area
Type of entity
Authorized form of name
Parallel form(s) of name
Standardized form(s) of name according to other rules
Other form(s) of name
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Description area
Dates of existence
History
The bank was established in 1828 as Leslie and Grindlay, agents and bankers to the British army and business community in India. It changed its name to Grindlay, Christian and Matthews in 1839 and again to Grindlay and Company in 1843. Branch firms were opened at Calcutta in 1854 and at Bombay in 1865. From 1908 these firms became branches and were from then on administered directly from London. Additional branches were opened at Simla (1912), Delhi (1923), Lahore (1924) and Peshawar (1926). National Provincial Bank Limited acquired the bank in 1924, but it continued to operate as a separate private limited company under the title of Grindlay and Company Limited. In 1942 it took over Thomas Cook amd Son (Bankers) Limited (established 1924), extending its business to Burma and Ceylon. It was renamed Grindlays Bank Limited in 1947.
National Provincial Bank’s interest was sold to National Bank of India Limited in 1948. After 1948 the two banks operated separately until merging in 1958 under the title of National Overseas and Grindlays Bank Limited.
In 1968 National Provincial Bank sold its shareholding to Lloyds Bank. The bank was renamed National and Grindlays Bank Ltd in 1959, Grindlays Bank Limited in 1975 and Grindlays Bank plc in 1982. In 1984 the bank was acquired by Australia and New Zealand Banking Group Limited, and was renamed ANZ Grindlays Bank in 1989.
Source of information: Royal Bank of Scotland Limited's 'Heritage Hub' website, [http://heritagearchives.rbs.com/companies/list/grindlays-bank-ltd.html] Viewed on 16 December 2013