page_title: Narendra Chandra Dutta
section_title: Career
hierarchical_section_title: Narendra Chandra Dutta / Career
caption_attribution_description: English: Scanned image of an advertisement of Comilla Banking Corporation that appeared in the Hindusthan Standard dated 16th August 1945.
context_page_description: Narendra Chandra Dutta was an Indian banker, founder of Comilla Banking Corporation and later the prime mover behind the incorporation of the United Bank of India.
context_section_description: In 1914, Dutta founded the Comilla Banking Corporation at the suggestion of community leader Akhil Chandra Dutta with support from Mahesh Chandra Bhattacharya (1848–1944). He started the bank with a declared capital of 4,000 rupees and raised another 2,500 rupees. In order to raise the capital he sold his own house for 1,500 rupees. Initially he drew a monthly remuneration of eight rupees from the bank.
  Dutta did an economic survey of eastern India, and began investments in the tea industry. Through the Comilla Banking Corporation he began to issue loans to prospective investors in the tea industry for buying tea plantations and related properties.
  After completing his studies, Dutta's eldest son Bata Krishna Dutta returned to Comilla and joined the Comilla Banking Corporation as a trainee. After a few weeks Dutta suggested that Bata Krishna himself could run a bank himself and young Bata Krishna took up the challenge. In 1930, Bata Krishna Dutta took charge of the defunct Comilla Rice and Oil Mills Limited and established the New Standard Bank of India with an initial paid-up capital of thirty thousand rupees.
  In 1946, at the suggestion of Chintaman Dwarakanath Deshmukh, the then Governor of the Reserve Bank of India, the New Standard Bank of India merged with the Comilla Banking Corporation, transferring all its assets to the latter. In 1950, Narendra Chandra Dutta along with Jyotish Chandra Das completed the merger of Comilla Banking Corporation and Bengal Central Bank and founded the United Bank of India.
caption: An advertisement of the Comilla Banking Corporation in the Hindusthan Standard on 16 August 1945
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