Introduction
Sukkur, a city with a rich historical and cultural heritage, has also been a significant hub for banking activities in Pakistan. The journey of banking in Sukkur dates back to the pre-partition era, highlighting the establishment and evolution of various banks over the years. One of the earliest banks to set up in Sukkur was Bambi Bank, which laid the foundation for modern banking in the region.
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| The National Bank of Pakistan building in Sukkur, showcasing the rich history and evolution of banking in the city. |
Bambi Bank: The Beginning
The first bank to be established in Sukkur was Bambi Bank. On 27th January, the bank was renamed Imperial Bank of India. Initially, it operated from a rented building owned by Saith Memon, located in front of the SSP residence and Sukkur’s Old Powerhouse (current Wapda Customer Center) Grid Station east. Later, the bank moved to a new building in front of St. Mary’s High School, featuring a simple one-story structure made of limestone plaster.
The British Raj Era
During the British Raj period, a notable incident occurred where robbers attempted to dig a tunnel to steal money from the bank. However, their efforts were thwarted, and the burglary suspects were caught.
Post-Partition Transformation
After the partition of India and Pakistan, the bank was renamed the National Bank of Pakistan (NBP) in 1949. Approximately 30 to 35 years ago, a new, beautiful building was constructed on the same site. The main branch of the National Bank occupies the lower floor, while the State Bank of Pakistan (SBP) operates from the second floor.
Other Banks in Sukkur
Before the establishment of Pakistan, several other banks operated in Sukkur, which have since closed:
- Arabian Cooperative Bank: Established in 1921 in front of Lux Park.
- Punjab National Bank: Established in 1935 near the old Railway Station at Bandar Road, Sukkur.
- Central Bank: Established in 1935 at Bandar Road, Sukkur.
- Sindh Provisional Cooperative Bank Ltd: Established in 1938 at Frere Road, Sukkur.
- Imperial Bank of India (IBI): Established in 1935 at Sukkur, referenced in “Indian Currency and Finance” authored by John Maynard Keynes.
Conclusion
The evolution of banking in Sukkur reflects the city's historical significance and its role in the financial development of Pakistan. From the early days of Bambi Bank to the establishment of the National Bank of Pakistan, Sukkur continues to be a key player in the banking sector, supporting both local and national economies.
Reference:
Tarikh Sukkur by Rahimdad Khan Molahe
Tarikh Sukkur (تاريخ سکر), authored by Rahimdad Khan Molahe (رحيم داد خان مولائي), is a comprehensive historical account of Sukkur. The book delves into the city's origins, its development over the centuries, and key events that have shaped its identity. Molahe's meticulous research and engaging narrative make this book an essential read for anyone interested in Sukkur's history.
Shedae and Sukkur Sunaro by Parsram Verrumal Masand
Shedae and Sukkur Sunaro (شيدائي ۽ سکر سونهارو), written by Parsram Verrumal Masand (پرسرام ويرومل مسند), offers a fascinating exploration of Sukkur's cultural landscape. Masand's work captures the essence of the city, highlighting its traditions, notable personalities, and unique cultural practices. This book is a valuable resource for understanding the vibrant cultural fabric of Sukkur.
Reference by Sayed Nazar Muhammad Shah Rizvi Kotahi
The extensive research conducted by Sayed Nazar Muhammad Shah Rizvi Kotahi (سيد نظر محمد شاه رضوي ڪوٽائي) from 1913 to 1993 in Rohri (روايت مرحوم نظر محمد شاه رضوي ڪوٽائي) is another pivotal contribution to Sukkur's literary heritage. His work provides a detailed chronicle of the region's historical events, prominent figures, and socio-cultural dynamics over eight decades. Rizvi Kotahi's dedication to documenting Sukkur's history is evident in the depth and breadth of his research.
Sukkur banking history
Bambi Bank Sukkur
National Bank of Pakistan Sukkur
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Sindhi Cultural Day
Dubai Independence Day Sukkur
Sukkur historic banks
Banking evolution Sukkur
Sukkur financial institutions
Pre-partition banks Pakistan
Post-partition banking Pakistan
Sukkur economic history
Iconic landmarks Sukkur
Sukkur rich cultural heritage
Sukkur significant banking events
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