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India Banks


ABN AMRO ABN AMRO is a Dutch Bank, currently owned by a consortium of Royal Bank of Scotland Group, Fortis, and Banco Santander. The bank is the result of the 1990-91 merger of Amsterdam-Rotterdam (AMRO) Bank and ABN, whose history dated back to the founding of the Nederlandsche Handel-Maatschappij in 1824. Between 1991 and 2007, ABN AMRO was one of the largest banks in Europe and had operations in about 63 countries around the world. In 2007 the bank was acquired by the consortium , which are splitting up the bank between themselves. This process will take till the end of 2009. The American retail assets had been sold by ABN AMRO to Bank of America in the months leading up to the acquisition.
ABN AMRO India ABN AMRO Bank (India) has an eight decade long experience of the Indian business scenario. Traditionally known as a strong "diamond financing bank", it has turned into a bank providing a comprehensive range of services with a difference. ABN AMRO (India) has branches in Bangalore, Baroda, Chennai, Delhi, Gurgaon, Hyderabad, Kolkata, Lucknow, Mangalore, Moradabad, Mumbai, Noida, Panipat, Pune, Surat and Tirupur with each branch servicing multi-product relationships.
Abu Dhabi Commercial Bank Abu Dhabi Commercial Bank (Arabic: بنك أبوظبي التجاري‎) (ADSM:ADCB), commonly called ADCB, is a bank in the United Arab Emirates.
Abu Dhabi Commercial Bank (India) have recently opened a new branch in Bangalore.
Allahabad Bank Allahabad Bank, which began operations in 1865, now has its head-quarters in Kolkata. Currently the bank has 2165 branches across the country. The Chairman and Managing Director of the bank is K R Kamath.
American Express Bank American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company also has major offices in Fort Lauderdale, FL; Salt Lake City, UT; and Phoenix, AZ. The company is best known for its credit card, charge card and traveler's cheque businesses. The company's common stock trades on the New York Stock Exchange under the ticker symbol "AXP." It is one of the 30 stocks that comprise the Dow Jones Industrial Average and is ranked as the 74th largest company by Fortune. In 2007, BusinessWeek and Interbrand ranked American Express as the 14th most valuable brand in the world, estimating the brand to be worth US$20.87 billion. The current CEO is Kenneth Chenault, who took over in 2001.
Andhra Bank Andhra Bank is an Indian nationalised commercial bank, founded in 1923 by Dr.Bhogaraju Pattabhi Sitaramayya. The Bank has 1,179 branches as of September, 2005. Andhra Bank is the pioneer in introducing Credit Cards in India during the early eighties. The bank is No 1 in Asia for "return on capital" and has moved up the world ranking by 277 notches to reach 683rd global ranking". This is as per information by The Banker of London, a member of the Financial Times Group of Business Publications, of July and August 2005. It has 130,000 shareholders, 13.72 million customers and 13,922 employees spread across the length and breadth of the country (India). It is a "Government of India undertaking", reflecting the reality that it is one of the major (and traditionally, more stable) banks run by the Government of India since banking in the country was "nationalised" in the late 'sixties. Of late however, a number of private banks have entered the field, many with foreign collaborations, and have offered tough competition to the nationalised, larger banks. The Federal Reserve Board on July 23rd, 2008 announced the approval of an application by Andhra Bank, Hyderabad, India, to establish a representative office in Jersey City, New Jersey.
Arbuthnot & Co Arbuthnot & Co was a mercantile bank, based in Chennai, India. It was founded as Francis Latour & Co in the late 18th century, then became Arbuthnot De Monte & Co and failed spectacularly on 22 October 1906. In the last quarter of 1906, Madras (now Chennai) was hit by the worst financial crisis the city was ever to suffer. Of the three best-known British commercial names in 19th century Madras, one crashed; a second had to be resurrected by a distress sale; and the third had to be bailed out by a benevolent benefactor. The agency house to close shop, Arbuthnot's, was considered the soundest of the three. Parry's (now EID Parry), may have been the earliest of them and Binny & Co.'s founders may have had the oldest associations with Madras, but it was Arbuthnot & Co., established in 1810, that was the city's strongest commercial organization in the 19th Century. When it fell, thousands lost their savings and the good name of British stability was severely rocked. Arbuthnot & Co had two partners at the time of its failure, namely Sir George Gough Arbuthnot and Mr J.M.Young, a salaried partner who seems to have had no voice in the running of the firm. Prior to its collapse, the firm employed between 11,000 and 12,000 people. The firm entered into an arrangement with Patrick Macfadyen who operated P Macfadyen & Co which was effectively Arbuthnot's London branch. Macfadyen speculated with the firm's money, in the process losing huge amounts of money. Macfadyen committed suicide in 1906, and both firms had to close their doors. Both Macfadyen and Arbuthnot seem to have been consistently over-optimistic concerning their speculations. Sir George appears to have lost money whenever he dealt using the firm's money for the firm, although he was occasionally more fortunate in his speculations with the firm's money on his own account, suggesting that he kept winning bets on his account, and transferred losing bets to the firm's account. Sir George was tried for fraudulent activities revealed on the collapse and received a sentence of 18 months imprisonment. A key figure in case was the Madras lawyer, V. Krishnaswamy Iyer, who made a name for himself representing claimants on the failed bank. He would go on to organize a group of Chettiars who founded Indian Bank in 1907.
Axis Bank Axis Bank, previously called UTI Bank, was the first of the new private banks to have begun operations in 1994, after the Government of India allowed new private banks to be established. The Bank was promoted jointly by the Administrator of the Specified Undertaking of the Unit Trust of India (UTI-I), Life Insurance Corporation of India (LIC), General Insurance Corporation Ltd., National Insurance Company Ltd., The New India Assurance Company, The Oriental Insurance Corporation and United Insurance Company Ltd. UTI-I holds a special position in the Indian capital markets and has promoted many leading financial institutions in the country.P J Nayak is its Chairman and Managing Director. As on the year ended March 31, 2006 the Bank had a networth of Rs. 2872.19 crores with the public holding (other than promoters) at 56.65%. Net Profit for the year was up 44.98% to Rs 485.08 crores.
Bank of America Bank of America (NYSE: BAC TYO: 8648) is the largest commercial bank in the United States by deposits and market capitalization. It is a member of Federal Deposit Insurance Corporation (FDIC).
Bank of Baroda Bank of Baroda (BSE: 532134) is the sixth largest bank in India. It has total assets in excess of Rs. 1.78 lakh crores, or Rs. 1,780 bn., a network of over 2800 branches and offices, and about 1000+ ATMs. Bank of Baroda offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialised subsidiaries and affiliates in the areas of investment banking, credit cards and asset management. Maharajah of Baroda Sir Sayajirao Gaekwad III founded the bank on July 20, 1908 in the princely state of Baroda, in Gujarat. The bank, along with 13 other major commercial banks of India, was nationalised on 19 July 1969, by the Government of India.
Bank of Bombay Bank of Bombay was the second of the three presidency banks (others being the Bank of Calcutta and the Bank of Madras) of the Raj period. It was established, pursuant to a charter of the British East India Company, in the year 1868, about a decade after India's First War of Independence. The bank was headquartered in Bombay, now called Mumbai. The Bank of Bombay undertook all the normal activities which a commercial bank was expected to undertake. The Bank of Madras, in the absence of any central banking authority at that time, also conducted certain functions which are ordinarily a preserve of a central bank. The Bank of Bombay, and two other Presidency banks, namely, the Bank of Calcutta and the Bank of Madras were amalgamated and the reorganized banking entity was named the Imperial Bank of India on 27th January 1921. The Reserve Bank of India, which is the central banking organization of India, in the year 1955, acquired a controlling interest in the Imperial Bank of India and the Imperial Bank of India was christened on 30th April 1955 as the State Bank of India.
Bank of Calcutta The Bank of Calcutta was founded on June 2, 1806, mainly to fund General Wellesley's wars against Tipu Sultan and the Marathas. It was renamed Bank of Bengal on January 2, 1809.
Bank of Ceylon The Bank of Ceylon (also abbreviated as: BoC) is a major government-owned commercial bank in Sri Lanka. The BOC headquarters are located in the commercial-capital Colombo.
Bank of India Bank of India (BoI), established on 7 September 1906 is a bank with headquarters in Mumbai. Government-owned since nationalization in 1969, It is one of India's leading banks, with about 2,884 branches including 27 branches outside India. BoI is a founder member of SWIFT (Society for World-wide Inter Bank Financial Telecommunications) in India which facilitates provision of cost-effective financial processing and communication services. The Bank completed its first one hundred years of operations on 7th September, 2006. MISSION: "To provide superior, proactive banking services to niche markets globally, while providing cost-effective, responsive services to others in our role as a development bank, and in so doing, meet the requirements of our stakeholders". VISION: "To become the bank of choice for corporate, medium businesses and upmarket retail customers and to provide cost effective developmental banking for small business, mass market and rural markets"
Bank of India, US Operations Bank of India is a premier and one of the oldest commercial banks in India, with presence all over India as also in all time zones of the world.
Bank of Madras The Bank of Madras, one of the three Presidency Banks, the other two being, the Bank of Bengal and the Bank of Bombay, was established on 1st July 1843, and was headquartered in Madras, now Chennai.
Bank of Nova Scotia Scotiabank (Banque Scotia) (TSX: BNS NYSE: BNS), the trademark name for The Bank of Nova Scotia, is one of Canada's Big Five banks. It is the second largest bank in Canada by assets (behind the Royal Bank of Canada), and the second largest by market capitalization (behind Royal Bank of Canada). It is Canada's most international bank, having branches in more countries than the other major Canadian banks. Scotiabank ranks number 92 on the Forbes Global 2000 list.
Bank of Rajasthan Bank of Rajasthan is a private sector bank of India.It was set up at Udaipur in 1943 and was classified as the Scheduled Bank in 1948.The bank's central office is located at Jaipur.Presently the bank has 398 branches.
Bank of Tokyo Mitsubishi UFJ The Bank of Tokyo-Mitsubishi UFJ, Ltd., or BTMU, is a Japanese bank that was established on January 1, 2006, with the merger of The Bank of Tokyo-Mitsubishi, Ltd. and UFJ Bank Limited. The bank serves as the core retail and commercial banking unit of the Mitsubishi UFJ Financial Group, Japan's largest financial services company measured by assets. The bank's head office is in Marunouchi, Chiyoda, Tokyo. Complete information on Indian Banking and useful links to articles of banker's interest.
banknetindia India's first banking portal First Indian banking portal with information on banks, banking, finance, jobs, NRIs, forex, internet banking, books, stocks, deposits, loans, investment, bank directory with clubs, helpline, free newsletter.
Barclays Bank PLC Barclays plc is a major global financial services provider operating in Europe, the United States, the Middle East, Latin America, Australia, Asia and Africa. It is a holding company that is listed in London, New York and Tokyo. It operates through its subsidiary Barclays Bank PLC. Barclays plc is the 18th largest company in the world according to Forbes Global 2000 rankings (2007 list) and the fourth largest financial services provider in the world by Tier 1 capital ($32.5 billion). It is the third largest bank in the United Kingdom based on market capitalization. The bank's headquarters are at One Churchill Place in Canary Wharf, in London's Docklands, having moved there in May 2005 from Lombard Street in the City of London.
Bharat Overseas Bank Bharat Overseas Bank is a private bank based in Chennai, India. It was established in order to take over for the Bangkok branch of the Indian Overseas Bank. It is one of the few private banks that the Reserve Bank of India permits to have a branch outside of India, and is the only bank representing India in Thailand. It was owned by seven banks (initial ownership figures in parentheses): Indian Overseas Bank (30%), Bank of Rajasthan (16%), Vyasa Bank (14.66%), Karur Vyasa Bank (10%), Federal Bank (19.67%), South Indian Bank (10%), and Karnataka Bank(8.67%), but in 2007 Indian Overseas Bank fully acquired the bank.
BNP Paribas BNP Paribas (Euronext: BNP, TYO: 8665) is one of the main banks in Europe. It was created on 23 May 2000 through the merger of Banque Nationale de Paris (BNP) and Paribas. Together with Société Générale and Crédit Lyonnais (now known as LCL), it is one of the "three old" banks of France. It is a constituent of the CAC 40 index. On 9 August 2007, BNP Paribas announced that it could not fairly value the underlying assets in three funds as a result of exposure to U.S. subprime mortgage lending markets. Faced with potentially massive (though unquantifiable) exposure, the European Central Bank (ECB) immediately stepped in to ease market worries by opening lines of €96.8 billion (then US$130 billion) in low-interest credit. The long term debt of the group is currently ranked AA+ by S&P, Aa1 by Moody's and AA by Fitch.
Calyon Bank Calyon Crédit Agricole CIB is Crédit Agricole's corporate and investment banking entity. Calyon was created in May 2004 by the transfer of assets from Crédit Lyonnais' Corporate and Investment Banking division to Crédit Agricole Indosuez (CAI). With a staff of 13,000 employees in 58 countries, Calyon is active in a broad range of capital markets, investment banking and financing activities. Its activities are grouped into two major divisions - the Capital Markets & Investment Banking Division and the Financing Division.
Canara Bank Canara Bank, established in 1906 as Canara Bank Hindu Permanent Fund in Mangalore, India, by Ammembal Subba Rao Pai, is one of the oldest and major commercial banks of India. Its name was changed to Canara Bank Limited in 1910. The bank, along with 13 other major commercial banks of India, was nationalised on 19th July, 1969, by the Government of India. In 1985, Canara Bank acquired Lakshmi Commercial Bank in a rescue. As of 2008, the bank has a network of 2641 branches, spread across India and other countries. Its head office is located in Bangalore, India. The bank also has international presence in several centers, including London, Hong Kong, Moscow, Shanghai, Doha, and Dubai. In terms of business it is one of the largest nationalized commercial banks in India, with a total business of about Rs.2 trillion.
Catholic Syrian Bank Catholic Syrian Bank is one of the oldest banks in India. It is a private sector bank founded on 26 November 1920, well before Indian independence and opened for business on the following New Year's Day. The headquarters of the bank is located in the Trissur district of Kerala, also know as the "Golden capital of India" and the "Cultural Capital of Kerala". The bank still exists today and has 353 branches throughout the country.
Central Bank of India Central Bank of India is one of the oldest and largest commercial banks in India. It was established in 1911 by Sir Sorabji Pochkhanawala and was the first commercial Indian bank completely owned by Indians. The bank, with 13 others, was nationalized by the Indian Government on 19th July, 1969. The bank currently has 3,168 branches and 270 extension counters across 27 Indian states. The present Chairperson and Managing Director, Ms. Homi. A. Daruwala, has initiated steps to bring this bank to a par with private-sector banks. She has taken decisions regarding computerisation, ATM services and core banking. The bank is planning to introduce core banking solutions (CBS) in 1,000 branches. As of 31 March 2006, the bank achieved a landmark: crossing a business mix of Rs. 1,05,000.00 crores. The next target has been fixed at doubling this figure in the next three years. Krishnan Subharamaniam, Executive Director of the bank, in his message to staff members, has called upon them to achieve the target and suggested some steps. One of these steps is to change the manner in which employees extend service to customers across different delivery channels. He has advocated the adoption of the '3R' principles when dealing with customers - recognition, respect and response. This is asserted to be the path to make customers experience 'Customer Delight'. Subbaraman is of the view that to be able to achieve the coveted goal of at least Rs.2,00,000.00 crores in three years' time, it is urgent to add large numbers of new customers to the bank's existing portfolio. Central Bank also came with its IPO, which was oversubscribed 64 times. The bank has plans to change the bank's signboard across the country, trying to impart a new look to the bank after the IPO.
Centurion Bank of Punjab (HDFC) The Centurion Bank of Punjab (formerly Centurion Bank) is an Indian private-sector bank, providing retail and corporate banking services. In 2008, the bank merged with HDFC Bank.
Chinatrust Commercial Bank Chinatrust Commercial Bank Limited or CTCB is one of the largest private bank in Taiwan, Republic of China, controlled by Koo Chen-fu family.
Citibank Citibank is a major international bank, founded in 1812 as the City Bank of New York, later First National City Bank of New York. Citibank is now the consumer and corporate banking arm of financial services giant Citigroup, one of the largest companies in the world. As of March 2007, it is the largest bank in the United States by holdings. Citibank has operations in more than 100 countries and territories around the world. More than half of its 1,400 offices are in the United States, mostly in the New York City, Chicago, Miami, and Washington DC metropolitan areas, as well as in California. In addition to the standard banking transactions, Citibank offers insurance, credit card and investment products. Their online services division is among the most successful in the field, claiming about 15 million users.
City Union Bank City Union Bank is a private sector Bank functioning primarily in the state of Tamil Nadu, India. This Bank was started in 1904 by a group of people who belongs to Iyer community of Kumbakonam Town. Larsen & Toubro holds 10% shares of this bank.
Corporation Bank Corporation Bank, founded in 1906 in Udupi, Karnataka state, India, is one of the Indian banks in Public Sector Undertaking. The bank was founded with an initial capital of Rs. 5000 (USD 100), and first day’s canvassed resources of less than one USD 1, has currently (31 March 2004) 11,325 full time employees, and operates from several branches in India. The Bank is a Public Sector Unit with 57.17% of Share Capital held by the Government of India. The Bank came out with its Initial Public Offer (IPO) in October 1997 and 37.87% of Share Capital is presently held by the Public and Financial Institutions. The Bank’s Net Worth stood at Rs.3,054.92 crores as on 31 March 2005. The bank has the distinction of the first Indian bank to publish its financial results (1998-99) conforming to US GAAP.
DCB (Development Credit Bank Ltd.) Development Credit Bank Ltd. (DCB) is amongst the fastest growing private sector scheduled commercial Banks in the country today with a history of operating in the financial services arena for over 70 years. More recently the Bank has seen a rapid expansion in its retail operation and DCB currently has a network of 72 branches (and extension counters) and 101 ATMs across the country.
Dena Bank Dena Bank (founded 26th May, 1938) is one of the earliest banks in India.
Deutsche Bank AG Deutsche Bank AG (literally "German Bank"; pronounced [ˈdɔɪtʃə]; ISIN: DE0005140008, NYSE: DB) is an international Universal bank with a broad private clients franchise, headquartered in Frankfurt, Germany. The bank employs more than 78,000 people in 76 countries, has a large presence in Europe, the Americas, Asia Pacific and the emerging markets. Deutsche Bank has offices in finance-hubs, including Frankfurt, London, Birmingham, Moscow, New York, Singapore, Sydney, Hong Kong and Tokyo. Furthermore, the bank is investing in expanding markets such as the Middle East, Latin America, Central & Eastern Europe and Asia Pacific. The bank offers financial products and services for corporate and institutional clients along with private and business clients. Services include sales, trading and origination of debt and equity, risk management products such as derivatives, corporate finance, wealth management, retail banking, fund management and transaction banking. Deutsche Bank’s Chief Executive Officer and Chairman of the Group Executive Committee, since 2002, is Dr. Josef Ackermann. The Bank in terms of is revenues, is one of the top three investment banks in the world.[citation needed] Deutsche Bank is listed on both the Frankfurt (FWB) and New York stock exchanges (NYSE).
Deutsche Bank India Deutsche Bank offers a comprehensive array of retail banking products and services through eight branches in seven cities across India.
Development Bank of Singapore DBS Bank Limited SGX: D05 is a bank incorporated in Singapore. It was previously known as The Development Bank of Singapore Limited, before the present name was adopted in July 2003 to reflect its changing role as a regional bank. The bank was set up in 1968 as a development financing institution led by the Singapore government. Today, its branches numbering more than 100 can be found island-wide. DBS Bank is the largest bank in South East Asia by assets and among the larger banks in Asia. It has market dominant positions in consumer banking, treasury and markets, asset management, securities brokerage, equity and debt fund raising in Singapore and Hong Kong.
Dhanalakshmi Bank Dhanalakshmi Bank was incorporated on 14th November 1927 by a group of enterprising entrepreneurs at Thrissur, the cultural capital of Kerala with a Capital of Rs.11,000/- and 7 employees. It became a Scheduled Commercial Bank in the year 1977. It has today attained national stature with 181 branches and 26 Extension Counters spread over the States of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Maharashtra, Gujarat, Delhi and West Bengal. The Bank serviced a business of over Rs. 5770 crores as on 31.03.2008 comprising deposits of Rs.3608 crores and advances of Rs.2164 crores. The Bank made a net profit of Rs.28.46 crores for the year ended 31st March 2008. The Bank is tech savvy and has deployed technology widely as an instrument for enhancing the quality of customer service. It has introduced Centralised Banking Solution (CBS) on the Flexcube Platform for extending Anywhere/Anytime banking to its clientele through multiple delivery channels. The Bank has deployed CBS in all branches covering 100% of total business. The Bank has set-up a state-of-the-art DATA CENTRE in Bangalore, to keep the networked system operational 24 hours a day and 7 days a week. The Bank lays stress on customizing services and personalizing relations. It has introduced an International Debit Card through a tie-up with M/s Visa International. As part of this overall effort, the Bank has joined CASHNET, the first independent nation-wide shared ATM network in India, the National Financial Switch (ATM network) of the IDRBT, promoted by Reserve Bank of India and Cash tree promoted by a group of public sector banks. By joining these networks, its customers are provided access to more than 25,000 ATMs in the country. The Bank has installed 70 networked ATMs thus far in centres of high banking activity. The Bank has introduced tele-banking and Internet banking at all branches. It has also implemented centralized CMS software by locating the CMS hub at Corporate Office Thrissur enabling all CBS branches to do CMS operations. The Bank has put in place Real Time Gross Settlement (RTGS) and National Electronic Fund Transfer (NEFT) System to facilitate large value payments and settlements in real time on-line mode on a transaction-by-transaction basis. The Bank has ventured into both life and non-life insurance. It is selling life insurance products of M/s. MetLife India, a renowned global player in this segment and non-life insurance products of M/s. Iffco Tokio, as their corporate agent. The Bank is also a depository participant of NSDL (National Security Depository Limited) offering Demat services through selected branches. With a view to making available value-added services to the NRIs, the Bank has set up NRI Boutiques (Relationship Centres) at 9 locations in the State of Kerala and Tamil Nadu. The Bank has also plans to open specialized NRI branches with accent on quality of service and thrust on specialisation at potential locations. As at the end of March 2008, the Bank had rupee drawing arrangements with 8 Exchange Houses in the Middle East. For fast money transfer, it has tied up with UAE Exchange & Financial Services for Xpress Money and Moneygram, Wallstreet Finance for Wallstreet instant cash and Indusind Bank Limited for Zoha Inc. the Bank has also tied up with SBI Mutual Fund for selling their products. The Bank’s Corporate Office, Thrissur and Industrial Finance Branch at Kochi have been accredited with certification under ISO 9001-2000. On the socio-economic front, the Bank is a leading player in dispensation of Micro Credit among Kerala-based Private Sector Banks. As at the end of March 2008, the outstandings under micro credit were Rs.92.08 crores. This involvement is part of the Bank’s objective to act as catalysts for the economic prosperity of the country. The Bank has recognized micro finance intervention as an effective tool for poverty alleviation and has streamlined the linkage between the Bank and Self Help Groups through 121 branches. The Priority sector advances of the Bank as at 31st March 2008 constituted 51.24% of net bank credit well above the RBI benchmark of 40%. Agricultural advance as a percentage of Net Bank Credit was 19.08% as against the RBI norm of 18%. The Bank is managed by a Board of Directors comprising professionals drawn from various walks of life with Sri Ghyanendra Nath Bajpai as Chairman and Sri P.S.Prasad as Managing Director & CEO.
Federal Bank Federal Bank is an Indian bank in the private sector, headquartered at Aluva, Kerala. The bank was established by Kulangara Paulo Hormis.As of 2008 it had 603 branches and 505 ATMs around the country.
Financial institutions in India List of banks and financial institutions in India.
Global Trust Bank Limited Global Trust Bank Ltd has been amalgamated with the Oriental Bank of Commerce. The merger took place on 14th August, 2004. Global Trust Bank Ltd provided various kinds of services to its clients prior to its amalgamation with the Oriental Bank of Commerce.
The various services provided by the Bank had been overdrafts, term loans, letters of credit, cash credit, bank guarantees, and bill inland discounting. Global Trust Bank Ltd had also launch in partnership with Visa, the Proton International Debit Card.
After the amalgamation, the depositors as well as the other customers of Global Trust Bank Ltd function as the customers of the Oriental Bank of Commerce. Oriental Bank of Commerce has taken steps in order to ensure that the customers of Global Trust Bank Ltd continue to receive proper services. According to the Amalgamation Scheme, the shareholders of Global Trust Bank Ltd may receive pro- rata payment, if extra money is left behind after all the liabilities of the Bank are met with the realization of its assets.
Guardian Souharda Sahakari Bank Niyamita The Guardian Bank brings together and address the needs of families belonging to the weaker stratas of society such as small traders, technicians, artisans, masons, carpenters, plumbers, teachers, nurses, taxi drivers and many more. The Guardian Bank family consists of over 4,500 such members. Among us are also a few intellectuals, scientists, wealthy businessmen, church leaders and others whose role are that of the contributors.
HDFC Bank HDFC Bank (NYSE: HDB), one of the first, new generation, tech-savvy commercial banks of India, was incorporated in August 1994, after the Reserve Bank of India allowed setting up of Banks in the private sector. The Bank was promoted by the Housing Development Finance Corporation Limited, a premier housing finance company (set up in 1977) of India. Net Profit for the year ended March 31, 2006 was Rs. 1,141 crores. Results of the latest quarter ended June 2007, indicate that the bank continues to grow in a steady manner.
HSBC HSBC Holdings plc (traditional Chinese: 滙豐控股有限公司; simplified Chinese: 汇丰控股有限公司; pinyin: huìfēng kònggǔ yǒuxiàn gōngsī) (LSE: HSBA, SEHK: 0005, NYSE: HBC, Euronext: HSB, BSX: 1077223879) is a public limited company incorporated in England and Wales, headquartered in London. It is the world's largest company and the world's largest banking group, as calculated based on different metrics by the annual Forbes list of the world's largest firms published on April 2, 2008. In February 2008, HSBC was named the world's most valuable banking brand by The Banker magazine. HSBC Holdings was established in 1991 to become the parent company to The Hongkong and Shanghai Banking Corporation Limited in preparation for its purchase of the Midland Bank in Britain and in change of domicile for the transfer of sovereignty of Hong Kong. The former was established virtually simultaneously in Hong Kong and Shanghai in 1865 to finance the growing trade between China and Europe by Scotsman Thomas Sutherland, who wanted a bank operating on "sound Scottish banking principles". Its heritage in East Asia means it is a British institution with an extensive international pedigree. HSBC is well-known in banking circles for its diversified and risk-averse approach in its business operations (to the extent that, for instance, Europe contributes around one-third of its 2007 earnings and commercial banking 30%). It is also by far the largest bank in the United Kingdom and in Hong Kong, prints most of Hong Kong's local currency in its own name, is a lender of last resort in many parts of the world, and since the end of 2005 has been the largest banking group in the world by Tier 1 capital. By acquisitions and organic expansion HSBC is currently pursuing a strategy of rapid growth in booming China.
ICICI Bank ICICI Bank (BSE: ICICI) (formerly Industrial Credit and Investment Corporation of India) is India's largest private sector bank in market capitalization and second largest overall in terms of assets. ICICI Bank has total assets of about USD 100 Billion (end-Mar 2008), a network of over 1308 branches and offices, about 3950 ATMs, and 24 million customers (as of end July 2007). ICICI Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialised subsidiaries and affiliates in the areas of investment banking, life and non-life insurance, venture capital and asset management. But these data are dynamic. ICICI Bank is also the largest issuer of credit cards in India. [1]. ICICI Bank has listed its equity shares on stock exchanges at Kolkata and Vadodara, Mumbai and the National Stock Exchange of India Limited, and its ADRs on the New York Stock Exchange (NYSE). The Bank is expanding in overseas markets and has the largest international balance sheet among Indian banks. The Bank now has wholly-owned subsidiaries, branches and representatives offices in 18 countries, including an offshore unit in Mumbai. This includes wholly owned subsidiaries in the UK, Canada and Russia, offshore banking units in Singapore and Bahrain, an advisory branch in Dubai, branches in Sri Lanka, Hong Kong and Belgium, and rep offices in the US, China, United Arab Emirates, Bangladesh, South Africa, Indonesia, Thailand and Malaysia. In particular, the bank is targeting the NRI (Non Resident Indian) population ICICI Bank reported marked-to-market loss of $264 million as of January 31, 2008 following the USA subprime mortgage crisis.
idbi Industrial devolopment bank of india.
IDBI Bank The Industrial Development Bank of India Limited commonly known by its acronym IDBI is one of India's leading public sector banks and 4th largest Bank in overall ratings. RBI categorised IDBI as "other public sector bank".It was established in 1964 by an Act of Parliament to provide credit and other facilities for the development of the fledgling Indian industry. It is currently the tenth largest development bank in the world. Some of the institutions built by IDBI are The National Stock Exchange of India (NSE), The National Securities Depository Services Ltd. (NSDL) and the Stock Holding Corporation of India (SHCIL)
Indian Bank Indian Bank, established in 1907, is a major Indian commercial bank headquartered in Chennai (Madras), India. It has 22,000 employees and 1,543 branches and is one of the big public sector banks of India. It has overseas branches in Colombo, Sri Lanka and Singapore, and 229 correspondent banks in 69 countries. The Government of India nationalized the bank, along with 13 other major commercial banks, on 19 July 1969.
Indian Overseas Bank Indian Overseas Bank (IOB; established 1937) is a major bank based in Chennai (Madras), with 1,400 domestic branches and six branches overseas. Indian Overseas Bank has an ISO certified inhouse Information Technology department, which has developed the software that 900 branches use to provide online banking to customers; the bank has a target to expand online banking to 1200 branches by the end of financial year 2007-08. IOB also has a network of about 500 ATMs all over India and IOB's International VISA Debit Card is accepted at all ATMs belonging to the Cash Tree and NFS networks. IOB offers internet Banking (E-See Banking) and is one of the banks that the Govt. of India has approved for online payment of taxes.
IndusInd Bank IndusInd Bank Ltd (NSE: INBK) is a Mumbai based Indian new generation bank, established in 1994. The bank offers commercial, transactional and electronic banking products and services. According to the bank, its name is derived from the rich and vivid Indus Valley Civilisation. In 2004, the bank merged with Ashok Leyland Finance Ltd and marked its presence as one of the fastest growing new generation banks in the country. "We Care... Dil Se" is the slogan of the bank.
IndusInd Bank Limited In 2005,network grew to 115 branches, 9 extension counters and 195 ATMs, spread over 95 geographical locations. Read 1 Reviews
ING Vysya the presence of the group in over 57 countries, employing over 113000 people, serving over 60 million customers across the globe, only multiplies the credibility, not only across the country but also across the globe.
JPMorgan Chase JPMorgan Chase & Co. (NYSE: JPM) is one of the oldest operating financial services firms in the world. The company, headquartered in New York City, is a leader in investment banking, financial services, asset and wealth management and private equity. With assets of $1.7 trillion, JPMorgan Chase is currently the second largest banking institution in the United States, behind Citigroup. The hedge fund unit of JPMorgan Chase is the largest hedge fund in the United States with $34 billion in assets as of 2007. Formed in 2000 when Chase Manhattan Corporation acquired J.P. Morgan & Co., the firm serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and governmental clients. In 2004, the company merged with Bank One Corp., bringing on board current chairman and CEO Jamie Dimon as president and COO and designating him as CEO William B. Harrison, Jr.'s successor. Dimon's pay was pegged at 90% of Harrison's. Dimon quickly made his influence felt by embarking on a cost-cutting strategy and replaced former JPMorgan Chase executives in key positions with Bank One executives -- many of whom were with Dimon at Citigroup. Dimon became CEO in January 2006 and Chairman in December 2006. The Chase brand named is used for credit card services in the United States and Canada and the bank's retail banking activities in the United States. The JPMorgan brand is used by the Investment Bank as well as the Wealth & Asset Management Group's partially merged Private Bank and Personal Client Services divisions. Fiduciary activity within W&A is done under the aegis of JPMorgan Chase Bank, N.A. -- the actual trustee. The newly acquired Bear Stearns private client group is expected to operate under the name "Bear Stearns Wealth Management, a JPMorgan Company" within the Wealth & Asset Management structure.
Karnataka Bank Karnataka Bank Limited. a private sector bank in India, was incorporated on February 18th, 1924 at Mangalore, a coastal town of Dakshina Kannada district in Karnataka State. One of the founders of the bank was Vyasa Achar, and the bank took shape in the aftermath of patriotic zeal that engulfed the nation during the freedom movement of 20th Century India. Over the years the Bank acquired Sringeri Sharada Bank, Chitradurga Bank and Bank of Karnataka. Recently the bank shifted its head office, which was at Kodialbail, to near Mahaveera circle at Kankanadi. The bank now has a national presence with a network in excess of 400 branches across 18 states and 2 Union Territories all over India. It has over 4,352 employees and 89407 shareholders. Its 2.6 million customers include farmers and artisans in villages and small towns throughout the country. The Karnataka Bank has been striving to keep pace with advances in banking technology by adopting Core banking and Internet banking, and establishing its MoneyPlant Automated Teller Machine system.
Karur Vysya Bank Karur Vysya Bank is a privately held Indian bank, headquartered in Karur in Tamil Nadu. It was set up in 1916 by M. A. Venkatarama Chettiar and Athi Krishna Chettiar. Its current chairman is Mr P. T. Kuppuswamy. The bank has 280 branches — about 45 of them are in rural areas. The bank has installed 275 ATMs across the country so far. All the branches are powered with CBS — Core Banking Solution. The bank also offers Internet banking and mobile banking facilities to its customers .
Krung Thai Bank Krung Thai Bank Public Company Limited (KTB, ธนาคารกรุงไทย,) is the second-largest bank in Thailand. The company holds assets worth approximately US$28 billion and maintains a branch network of over 500 domestic branches and 12 international locations, including Tokyo, Hong Kong, and Taipei. Headquarters are located in the Watthana district of Bangkok. Krung Thai Bank was established by the Thai government in 1966 by the merger of Agricultural Bank and Provincial Bank, with the Finance Ministry as the major shareholder. In 1987 another bank, Siam Bank, was dissolved and its assets transferred to Krung Thai Bank. In 1989, the company's shares were listed on the Stock Exchange of Thailand for the first time. As of April 2005, the bank's largest shareholder is the Thai Financial Institutions Development Fund (FIDF), which holds 56 percent of all shares. Since the FIDF is controlled by the Ministry of Finance and the Bank of Thailand, Krung Thai Bank effectively remains under state control.
Maharshtra Bank Known as a common man's bank since inception, its initial help to small units has given birth to many of today's industrial houses. After nationalization in 1969, the bank expanded rapidly. It now has 1292 branches (as of 30th September 2005) all over India. The Bank has the largest network of branches by any Public sector bank in the state of Maharashtra.
Mandvi Bank dvi Cooperative Bank Ltd Mandvi Bank has completed more than 30 years of responsible and responsive banking operations.
Mashreq Bank Mashreqbank PSC is one of the leading banks in the United Arab Emirates (UAE), with total assets as at 31 December 2006, of US$23.86 billion, net profits of US$ 627.95 million and shareholders equity of US$ 2.01 billion. The bank is listed on the Dubai Financial Market. The Bank is also the largest privately owned Bank in the UAE.
Mizuho Corporate Bank Mizuho Corporate Bank, Ltd., or MHCB, is the corporate and investment banking subsidiary of Mizuho Financial Group, the second-biggest Japanese financial services conglomerate. MHCB was created in April 2002 by the merger of the Dai-Ichi Kangyo Bank and Fuji Bank's corporate and investment banking division with the Industrial Bank of Japan. Headquarters are in the Ōtemachi district of Chiyoda, Tokyo, Japan. Backed by Mizuho Financial Group's credit ratings and financial solidity, MHCB is positioned as a major player in financial markets and among Japan's leading corporate and investment banks by market share. The brokerage arm Mizuho Securities is a primary dealer in the U.S. Treasury securities market. MHCB will open a branch in Wuxi, China in 2006 in a bid to support transactions with Japanese companies operating in the city. Mizuho will be the first foreign bank to have a branch in Wuxi.
Oriental Bank of Commerce Oriental Bank of Commerce, established on 19th February, 1943, in Lahore (then a city of British India, and currently in Pakistan), is one of the public sector banks in India.
Punjab National Bank Punjab National Bank (PNB), was registered on May 19, 1894 under the Indian Companies Act with its office in Anarkali Bazaar Lahore. The Bank, founded by Dyal Singh Majithia and Lala Harkishen Lal, is the second largest government-owned commercial bank in India with about 4,500 branches across 764 cities. It serves over 37 million customers. The bank has been ranked 248th biggest bank in the world by Bankers Almanac, London. Total Business of the bank for financial year 2007 is estimated to be approximately US$60 billion. It has a banking subsidiary in the UK, as well as branches in Hong Kong and Kabul, and representative offices in Almaty, Shanghai, and Dubai.
Reserve Bank of India The Reserve Bank of India is the central bank of India, and was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. The Central Office of the Reserve Bank was initially established in Calcutta but was permanently moved to Mumbai in 1937. Though originally privately owned, RBI has been fully owned by the Government of India since nationalization in 1949. Y. Venugopal Reddy (who succeeded Dr. Bimal Jalan on September 6, 2003) is the current Governor. RBI has 22 regional offices across India. The Reserve Bank of India was set up on the recommendations of the Hilton Young Commission. The commission submitted its report in the year 1926, though the bank was not set up for nine years. The Preamble of the Reserve Bank of India describes the basic functions of the Reserve Bank as to regulate the issue of Bank Notes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage. Has 22 regional offices, most of them in state capitals.
SBI - State Bank of India The State Bank of India is the oldest and largest commercial bank in India, with its presence covering all time zones in the world. SBI has a network which extends to every nook and corner of India, with a spread of more than 8700 offices across the country. Its foreign network comprises of 50 offices in 34 countries.
Shinhan Bank Shinhan Bank is a bank, headquartered in Seoul, Korea. Historically it was the first bank in Korea, established under the name Hanseong Bank in 1897. The bank was reestablished in 1982. It is part of the Shinhan Financial Group, along with Jeju Bank. Shinhan Bank merged Chohung Bank on April 1, 2006. Shinhan Bank started as a small enterprise with a capital stock of KRW 25.0 billion, 279 employees, and three branches on July 7, 1982. Today, it has transformed itself into a large bank, boasting total assets of KRW 176.9 trillion, equity capital of KRW 9.7 trillion, 10,741 employees, and 1,026 branches as of 2006. Total deposits and net income amounted to KRW 105.3 trillion and KRW 1.4 trillion, respectively.
Société Générale Société Générale (Euronext: GLE) is one of the main European financial services companies and also maintains extensive activities in others parts of the world. It is headquartered in France with the main head office in Tours Société Générale in the business district of La Défense west of Paris. The three main divisions are Retail Banking & Specialized Financial Services (particularly in France and Eastern Europe), Corporate and Investment Banking (Derivatives, Structured Finance and Euro Capital Markets) and Global Investment Management & Services. Société Générale is one of the oldest banks in France. The original name was Société Générale pour favoriser le développement du commerce et de l'industrie en France (English: General Company for the Support of the Development of Commerce and Industry in France). Société Générale is often nicknamed SocGen in the international financial world. The long term debt of the group is currently ranked AA by S&P, Aa2 by Moody's and AA- by Fitch. The 2007 financial results were sharply lower, affected by depreciations and a fraud of € 4.9 billion.
Sonali Bank Sonali Bank is a state-owned commercial bank in Bangladesh.It is the largest bank of the country. Sonali Bank has a total of 1186 branches. Out of them, 488 are located in urban areas, 696 in rural areas, and 2 are located overseas. It also operates the Sonali Exchange Company Inc. in USA and Sonali Bank (UK) Ltd., United Kingdom, to facilitate foreign exchange remittances.
Standard Chartered Bank Standard Chartered Bank (LSE: STAN, SEHK: 2888,OTCBB: SCBFF) is a British bank headquartered in London with operations in more than seventy countries. It operates a network of over 1,700 branches and outlets (including subsidiaries, associates and joint ventures) and employs 73,000 people. Despite its British base, it has few customers in the United Kingdom and 90% of its profits come from Asia, Africa, and the Middle East. Because the bank's history is entwined with the development of the British Empire its operations lie predominantly in former British colonies, though over the past two decades it has expanded into countries that have historically had little British influence. It aims to provide a safe regulatory bridge between these developing economies. It now focuses on consumer, corporate, and institutional banking, and on the provision of treasury services—areas in which the Group had particular strength and expertise. Standard Chartered is listed on the London Stock Exchange and the Hong Kong Stock Exchange and is among the top 25 constituent members of the FTSE 100 Index.
State Bank of Bikaner & Jaipur State Bank of Bikaner & Jaipur (SBBJ) is an associate bank of State Bank of India. It came into existence on 25th April 1966. It comprised what earlier were two banks, State Bank of Bikaner and State Bank of Jaipur. Currently, SBBJ has over 812 branches, mostly located in the state of Rajasthan, India. Its branch network out of Rajasthan covers all the major business centers of India.
State Bank of Hyderabad State Bank of Hyderabad is an associate bank of State Bank of India and one of the scheduled banks in India. It was originally a bank started by the Nizam of Hyderabad. After India's Independence these and other banks of the princely states were renamed after the Subsidiary Banks Act was passed in 1959 and turning them into subsidiaries of SBI. SBH was the first subsidiary of State Bank of India. It's Headquarters is in Hyderabad, India.
State Bank of India State Bank of India (SBI) (LSE: SBID) is a Public Sector Banking Organisation (PSB), in which the Government of India is the biggest shareholder. It is the largest bank in India and is ranked at 380 in 2008 Fortune Global 500 list, and ranked 219 in 2008 Forbes Global 2000. Measured by the number of branch offices, SBI is the second largest bank in the world. SBI traces its ancestry back to the Bank of Calcutta, which was established in 1806; this makes SBI the oldest commercial bank in the Indian subcontinent. SBI provides various domestic, international and NRI products and services, through its vast network in India and overseas. With an asset base of $126 billion and its reach, it is a regional banking behemoth. In recent years the bank has focused on four priorities, first, reducing its huge staff through the Golden handshake scheme known as the Voluntary Retirement Scheme, second, computerizing its operations, third, implementation of Business Process Re-Engineering(BPR), and fourth, trying to change the rude attitude of its staff through a program aptly named 'Parivartan' or 'change'. On the whole, the Bank has been successful in the first three initiatives but has failed in Parivartan. After a 20 year hiatus, the Bank is recruiting 20000 clerks and 3500 officers. The pick of the universities aspire to join the Bank and more than 2.5 million applications have been received.
State Bank of Indore State Bank of Indore is one of the nationalised banks in India and a subsidiary of State Bank of India. It uses the same logo as its parent company SBI.
State Bank of Mauritius State Bank of Mauritius (SBM) is the second largest bank in Mauritius with a market share of about 25% of domestic banking assets. The government of Mauritius established State Bank of Mauritius in 1973 under the name State Commercial Bank. In 1994, SBM opened its first overseas branch in Mumbai. Then in 1997 the South African bank Nedcor acquired 20.1% of SBM’s voting equity. That same year SBM opened its second branch in India in Chennai, and the next year one in Hyderabad. In 1999 SBM and Nedcore established SBM Nedcore International (SNI) as a 50:50 joint venture to engage in offshore banking, and SNI started operations in 2000. In order to avoid any conflict of interest with SBI International, Mauritius (formerly State Bank International), another joint venture offshore company between SBM and State Bank of India, SBM disinvested its 49 percent equity holding in SBI International. In 2005, Nedcor sold back to SBM its 20.1% in the latter, and at the same time took over 100% ownership of SNI. Then Nedcor announced the sale of SNI to Sasfin, which will rename the bank Sasfin Bank International (SBI).
State Bank of Mysore State Bank of Mysore is one of the nationalised bank in India. State Bank of Mysore was established in the year 1913 as Bank of Mysore Ltd. under the patronage of the erstwhile Govt. of Mysore, at the instance of the banking committee headed by the great Engineer-Statesman, Late Dr. Sir M.Visweswaraiah. Subsequently, in March 1960, the Bank became an Associate of State Bank of India.State Bank of India holds 92.33% of shares. The Bank's shares are listed in Bangalore, Chennai, and Mumbai stock exchanges. As an associate bank Mysore has a dedicated team of employees with an equally dedicated management
State Bank of Saurashtra State Bank of Saurashtra is one of the nationalised bank in India. It is one of the seven Associate Banks of the State Bank of India which is currently in the advanced stage of being merged with the parent bank i.e. the State Bank of India. Prior to 1948, the region of Saurashtra, which at present forms a part of Gujarat State, comprised many small, medium and large princely states. Bhavnagar, Rajkot and Porbandar, which were among the larger states, and two smaller states, Palitana and Vadia, had established their own Darbar Banks, the oldest of which was Bhavnagar Darbar Bank, established in 1902. These banks mainly catered to the needs of the governments of their respective princely states, and acted as depositories for local savings. After the establishment of Saurashtra state in 1948, there was a parallel amalgamation of these banks. The Bhavnagar Darbar Bank became the State Bank of Saurashtra, under the Saurashtra State Bank (Amalgamation) Ordinance, 1950, and the four Darbar Banks - Rajkot State Bank, Porbandar State Bank, Palitana Darbar Bank and Vadia State Bank - were merged with it with effect from 1st July, 1950 as its branches. At the close of 1950, the Bank had only 9 branches and deposits of Rs.7 crores. In 1960, following the formation of a separate Gujarat State, the Bank's main area of operation - Saurashtra - became a part of Gujarat. At the same time, the State Bank of India took over the State Bank of Saurashtra, along with the other major state-owned banks under the State Bank of India (Subsidiary Banks) Act, 1959. By this time, the number of branches had increased to 24, with aggregate deposits of Rs.13.39 crores, total advances of Rs.7.93 crores, and an investment portfolio of Rs.8.04 crores. The paid up capital and reserves were Rs.1.51 crores. The Bank also had 866 employees.
State Bank of Travancore State Bank of Travancore(SBT) is a nationalised bank in India. State Bank of Travancore (SBT), an associate bank of the State Bank Group, is a premier bank of Kerala state, India. SBT was originally established as Travancore Bank Ltd. in 1945 under the active support of the then Maharaja of the princely state of Travancore. The bank became a subsidiary of State Bank of India as per the State Bank of India Subsidiary Banks Act, 1959, enacted by the Parliament of India. Many of the old private banks of Kerala like the Travancore Forward Bank, Kottayam Orient Bank, Bank of New India, Cochin Nayar Bank, The Latin Christian Bank, etc., were amalgamated with the Bank between 1961 to 1965. SBT has a network of over 710 branches spread in 14 states of the Republic of India. The bank is one of the leading banks in Kerala, with 552 branches, out of 710, located in Kerala. As of the 12th of September 2005, the State Bank of Travancore went online with core banking implemented across all its branches. It is the second associate bank of State Bank Of India to have implemented core banking. The entire state bank group is expected to implement core banking by September 2009.
Syndicate Bank Syndicate Bank, established in 1925 in Udupi (in Karnataka, India) by Upendra Ananth Pai, Vaman Srinivas Kudva and Dr. T. M. A. Pai, is one of the oldest and major commercial banks of India. At the time of its establishment, the bank was known as Canara Industrial and Banking Syndicate Limited. The bank, along with 13 major commercial banks of India, was nationalized on 19th July, 1969, by the Government of India.
Tamilnad Mercantile Bank TamilNadu Mercantile Bank Ltd is an Indian bank. It began as the Nadar Bank in 1912. The bank later changed its name to the Tamilnadu Mercantile Bank Ltd. As of September 2007, It has 200 branches all over India. Nadar Community Economical Consolidation through Community Network Trade: The migrant Nadars from Southern areas around Thiruchendur, Tenkasi, Kumari and Tirunelveli to villages and towns of former Ramanathapuran & Madurai district and Palani / Kodai Hill Ranges set up Community funds (Mahamai) to Pettais & Bazar Sandhais, to promote Tamil Folk life culture pockets and Ancestor worship centers in places around Sivakasi, Thiruthangal, Sathangudi, Sathur ... and also begin social institutions. Several all the major Nadar settlements consolidated their hold in Mercantilism in Bulk and Retail trade network in Grains, Cereals, Pulses, Oilseeds, cotton, Spices, palm and wood based products, etc. In the early part of 20th Century A section of community members could gain holding of estate properties in the western & eastern ghats and establish links in export / import Port Terminals of Indian Subcontinent, Colombo and Rangoon. This bank in particular is the only bank to make profit throughout its history since 1912. Nadar community Banking operations setup: In the 20th Century, The Nadars of southern district made an impressive share in running Retail stores in Metro Cities of North Tamil Nadu making them affectionately called as Annachi Kadaihal or Nadar Malihai. In 1910 when the Nadars in Porayar -- under the aegis of the Nadar Mahajana Sangam of the Tanjore district -- decided to start a bank and passed a resolution. In 1921, mAMM Chinnamani Nadar, then only 27 -- took an active part in the formation of the bank., M V Shunmugavel Nadar a prominent man of Tuticorin further pushed the agenda and The Nadars' resolution to start the bank in the year 1910 fructified 11 years later in Tuticorin in 1921, when the Nadar Bank was registered. M V Shunmugavel Nadar became the bank's first chairman. In 1962, the Nadar Bank became the Tamilnad Mercantile Bank.
UCO Bank Uco Bank, formerly United Commercial Bank, established in 1943 in Kolkata, is one of the oldest and major commercial bank of India. Ghanshyam Das Birla, an eminent Indian industrialist, during the Quit India movement of 1942, had conceived the idea of organizing a commercial bank with Indian capital and management, and the United Commercial Bank Limited was incorporated to give shape to that idea. The bank, along with 13 other major commercial banks of India, was nationalized on 19th July, 1969, by the Government of India. Its name was changed to UCO Bank, in 1985, by an act of Indian Parliament. Currently (2005), the bank has 2000 Service Units spread all over India, with two overseas branches in Singapore and Hong Kong.
Union Bank of India Union Bank of India (UBI) is one of India's largest state-run banks and is also listed on the Forbes 2000. It was inaugurated by Mahatma Gandhi.
United Bank of India United Bank of India, is one of India's major commercial banks. Currently (2005), the bank has 1312 branches spread all over India, but its major presence is in eastern India. Due to a common acronym (UBI), which it shares with Union Bank of India, which also has an all-India presence, the public sometimes confuses the two banks.
UTI BANK LTD. UTI Bank is among the first private sector banks in India. Since the commencement of its operations in 1994, the Bank has grown to be highly competitive in terms of its products and services.
Vijaya Bank Vijaya Bank steadily grew into a large All India bank, with nine smaller banks merging with it between 1963-68. The credit for this merger as well as growth goes to Shri M.Sunder Ram Shetty, who was then the Chief Executive of the bank. The bank was nationalised on 15 April 1980. As of 2008, the bank has a network of 1053 branches, 47 extension counters, 296 ATMs. Its head office is located in Bangalore, India.
Vysya Bank Ltd. The largest private sector bank with a wide network and with a technology driven products.
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