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Major Public and Private Sector banks updated Jun 8 2022 lyst3824 (1)

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Bank Headquarters and
Taglines PART I & II
BY – ANUJ JINDAL
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Table of Contents
NATIONALISATION OF BANKS: ................................................................................................................. 5
LIST OF 14 BANKS NATIONALIZED IN 1969 ............................................................................................... 5
BANKING REFORMS: ................................................................................................................................ 6
HEADQUARTERS & TAGLINES ................................................................................................................... 8
DETAILS OF BANKS (ARRANGED ON THE BASIS OF HEADQUARTERS): .................................................... 10
MUMBAI, MAHARASHTRA ..................................................................................................................... 10
STATE BANK OF INDIA ....................................................................................................................................... 11
BANK OF INDIA .................................................................................................................................................. 11
CENTRAL BANK OF INDIA ................................................................................................................................... 12
IDBI BANK ......................................................................................................................................................... 12
YES BANK .......................................................................................................................................................... 13
AXIS BANK ......................................................................................................................................................... 13
ICICI BANK ......................................................................................................................................................... 14
HDFC BANK ....................................................................................................................................................... 14
UNION BANK OF INDIA ...................................................................................................................................... 15
IDFC FIRST BANK LTD. ........................................................................................................................................ 15
KOTAK MAHINDRA BANK LTD............................................................................................................................ 16
RBL BANK LTD. / RATNAKAR BANK LIMITED ...................................................................................................... 16
INDUSLND BANK LTD. ........................................................................................................................................ 17
PUNE, MAHARASHTRA .......................................................................................................................... 17
BANK OF MAHARASHTRA .................................................................................................................................. 17
KOLKATA, WEST BENGAL ....................................................................................................................... 18
ALLAHABAD BANK ............................................................................................................................................. 18
BANDHAN BANK................................................................................................................................................ 19
UCO BANK ......................................................................................................................................................... 19
NEW DELHI ............................................................................................................................................ 20
PUNJAB NATIONAL BANK .................................................................................................................................. 20
PUNJAB & SIND BANK ....................................................................................................................................... 21
CHENNAI, TAMIL NADU ......................................................................................................................... 21
INDIAN OVERSEAS BANK ................................................................................................................................... 21
INDIAN BANK .................................................................................................................................................... 21
LAKSHMI VILAS BANK LTD. ................................................................................................................................ 22
KUMBAKONAM, TAMIL NADU ............................................................................................................... 22
CITY UNION BANK LTD ....................................................................................................................................... 22
KARUR, TAMIL NADU ............................................................................................................................. 23
KARUR VYSYA BANK LTD. .................................................................................................................................. 23
TAMILNAD MERCANTILE BANK LTD. .................................................................................................................. 23
BENGALURU, KARNATAKA ..................................................................................................................... 24
CANARA BANK................................................................................................................................................... 24
MANGALORE, KARNATAKA .................................................................................................................... 25
KARNATAKA BANK LTD. ..................................................................................................................................... 25
BARODA (VADODARA), GUJARAT .......................................................................................................... 25
BANK OF BARODA ............................................................................................................................................. 25
ALUVA, KERALA ..................................................................................................................................... 26
FEDERAL BANK .................................................................................................................................................. 26
THRISSUR, KERALA................................................................................................................................. 26
CATHOLIC SYRIAN BANK LTD. ............................................................................................................................ 27
DHANLAXMI BANK LTD. ..................................................................................................................................... 27
SOUTH INDIAN BANK LTD. ................................................................................................................................. 27
SRINAGAR, JAMMU AND KASHMIR ........................................................................................................ 28
JAMMU & KASHMIR BANK LTD.......................................................................................................................... 28
NAINITAL, UTTARAKHAND ..................................................................................................................... 28
NAINITAL BANK LTD. ......................................................................................................................................... 28
Nationalisation of Banks:
•
Bank Nationalisation Day is observed on July 19.
•
P.N. (Parmeshwar Narayan) Haksar (the Indian bureaucrat and diplomat who also served
as the Principal Secretary of PM Indira Gandhi) was the mastermind of bank
nationalisation.
•
Now, there are 12 public sector banks in India, after the mega merger of public sector
banks.
•
After the merger of banks, PNB becomes the SLBC convenor of Delhi, Tripura and West
Bengal.
•
The new SLBC convenor for Andhra Pradesh will be Union Bank of India.
•
Canara Bank becomes the SLBC convenor of Karnataka.
•
Indian Bank is the SLBC convenor of Puducherry.
List of 14 Banks Nationalized in 1969
1. Central Bank of India
2. Indian Overseas Bank
3. Bank of Maharashtra
4. Bank of Baroda
5. Dena Bank
6. Union Bank
7. Punjab National Bank
8. Allahabad Bank
9. Syndicate Bank
10. United Bank of India
11. Canara Bank
12. UCO Bank
13. Indian Bank
14. Bank of India
Banks Nationalized In 1980
1. Andhra Bank
2. Punjab & Sindh Bank
3. New Bank Of India
4. Vijaya Bank
5. Corporation Bank
6. Oriental Bank Of Commerce
Banking Reforms:
•
Maidavolu Narasimham is known as the Father of Banking Reforms. He served as the
13th governor of RBI in 1977.
•
Recommendations of M Narasimham:
Narasimham Committee-I recommendations:
•
In the first committee report, Narasimham argued strongly for an end to the dual control
over the banking system, and advocated that RBI be put firmly in command.
•
His recommendations also included a dramatic reduction in the statutory liquidity ratio
(SLR), saying that it should be cut to 25% from 38.5% in phases, abolishing branch
licensing, and opening up the banking system to private and foreign players.
Narasimham Committee-II recommendations:
•
Narasimham was asked in 1998 to lead another committee on banking reforms, where he
backed the consolidation of public sector banks to create mega-institutions, and reducing
government ownership to 33%.
HEADQUARTERS & TAGLINES
PUBLIC SECTOR BANKS
BANK
HEADQUARTERS
Type of
Tagline
Bank
1. Bank of
Baroda
Alkapuri,
Gujarat
Public
India’s International Bank
Maharashtra
Public
Relationships beyond
Vadodara
2. Bank of India Mumbai
Banking
3. Bank of
Pune
Maharashtra
Public
Ek Parivar Ek Bank
4. Canara Bank Bengaluru
Karnataka
Public
Together we can
5. Central Bank
Maharashtra
Public
Build a Better life around us
Maharashtra
Mumbai
of India
or Central To you Since
1911
6. Indian Bank
Chennai
Tamil Nadu
Public
Your own Bank
7. Indian
Chennai
Tamil Nadu
Public
Good people to grow with
New Delhi
-
Public
The name you can bank
overseas
bank
8. Punjab
National
upon
Bank
9. Punjab &
Sind Bank
New Delhi
-
Public
Where service is a way of
life
10. Union Bank
Mumbai
Maharashtra
Public
Good People to Bank with
11. UCO Bank
Kolkata
West Bengal
Public
Honours your Trust
12. State Bank
Mumbai
Maharashtra
Public
The Banker to every Indian
Mumbai
Maharashtra
Public
Banking For All, “Aao
of India
of India
13. IDBI
(Developme Sochein Bada” and Bank
nt Finance
Aisa Dost Jaisa
Institution)
PRIVATE BANKS IN INDIA
1. Federal
Aluva
Kerala
Private
Your perfect banking Partner
Thrissur
Kerala
Private
Support all the way
Thrissur
Kerala
Private
Tann, Mann, Dhan
Mangalore
Karnataka
Private
Your family bank across
Bank
2. Catholic
Syrian Bank
Ltd.
3. Dhanlaxmi
Bank Ltd.
4. Karnataka
Bank ltd.
5. Lakshmi
India
Chennai
Tamil Nadu
Private
Vilas Bank
The changing face of
Prosperity
Ltd.
6. City Union
Bank Ltd.
Kumbakona
m
Tamil Nadu
Private
Trust and Excellence
7. Karur Vysya
Karur
Tamil Nadu
Private
Smart way to Bank
Thoothukud
Tamil Nadu
Private
Be a step ahead of life
Kolkata
West Bengal
Private
Aapka Bhala, Sabki Bhalai
10. YES bank
Mumbai
Maharashtra
Private
Experience our Expertise
11. AXIS
Mumbai
Maharashtra
Private
Badhti ka Naam Zindagi
12. HDFC
Mumbai
Maharashtra
Private
We understand your world
13. ICICI
Vadodara/M Gujarat/Mah
Private
Khayaal Aapka and Hum
Bank Ltd.
8. Tamilnad
Mercantile
i
Bank Ltd.
9. Bandhan
Bank
14. DCB Bank
umbai
arashtra
Hain Na
Mumbai
Maharashtra
Private
-
Mumbai
Maharashtra
Private
We Care Dil se; We make
Ltd.
15. Induslnd
Bank Ltd.
16. Kotak
you fell richer
Mumbai
Maharashtra
Private
Mahindra
Let’s Make money Simple
Ab Kona Kona Kotak
Bank Ltd.
17. RBL Bank
Mumbai
Maharashtra
Private
apno ka Bank
Chennai/Mu TN/Maharas
Private
Banking Hatke
Private
Serving to Empower
Ltd.
18. IDFC First
Bank Ltd.
19. Jammu &
Kashmir
Bank Ltd.
mbai
htra
Srinagar
Jammu &
Kashmir
20. Nainital Bank Nainital
Uttarakhand
Private
Banking with personal touch
Ltd.
Note: Where two headquarters are mentioned, the first one is registered office and the second one
is corporate office.
DETAILS OF BANKS (ARRANGED ON THE
BASIS OF HEADQUARTERS):
MUMBAI, MAHARASHTRA
STATE BANK OF INDIA
Ø WHAT – The Banker to every Indian
Ø TELL ME MORE – The origin of the State Bank of India goes back to the first decade of the
nineteenth century with the establishment of the Bank of Calcutta in Calcutta on 2 June 1806.
o In 1809, it was renamed as the Bank of Bengal. This was one of the three banks funded by a
presidency government(British Govt.), the other two were the Bank of Bombay(1840) and
the Bank of Madras(1843).
o The three banks were merged in 1921 to form the Imperial Bank of India, it acted as central
bank of India or quasi central bank till establishment of RBI in 1935.
o On 1st July, State Bank of India was constituted under the State Bank of India Act 1955.
o In October 1959, State Bank of Hyderabad become the first subsidiary of SBI.
o State Bank of Bikaner and Jaipur (SBBJ), State Bank of Hyderabad (SBH), State Bank of
Mysore (SBM), State Bank of Patiala (SBP) and State Bank of Travancore (SBT), besides
Bharatiya Mahila Bank (BMB), merged with SBI with effect from April 1, 2017.
BANK OF INDIA
Ø WHAT – Relationships beyond Banking
Ø TELL ME MORE – Bank of India was founded on 7th September, 1906 by a group of eminent
businessmen from Mumbai.
o The Bank was under private ownership and control till July 1969 when it was nationalised
along with 13 other banks.
CENTRAL BANK OF INDIA
Ø WHAT – Build a Better life around us or Central To you Since 1911
Ø TELL ME MORE – It was established in 1911 and was the first Indian commercial bank which was
wholly owned and managed by Indians.
o The Bank was centralised in 1969.
IDBI BANK
Ø WHAT – Banking For All, “Aao Sochein Bada” and Bank Aisa Dost Jaisa
Ø TELL ME MORE – Industrial Development bank of India (IDBI) was constituted under Industrial
Development bank of India Act, 1964 as a Development Financial Institution and came into being
as on July 01, 1964.
o It continued to serve as a DFI for 40 years till the year 2004 when it was transformed into a
Bank.
o The United Western Bank Ltd. (UWB), a Satara based private sector bank was merged with
IDBI Bank with effect on October 03, 2006.
o The name of the Bank was changed to IDBI Bank Limited (w.e.f May 7, 2008)
o IDBI Bank has received a letter from insurance behemoth Life Insurance Corporation of
India (LIC) for raising its stake to 51 per cent in the bank as a majority promoter.
o The existing rules of the Insurance Regulatory and Development Authority of India (IRDAI),
the autonomous, statutory regulator of the Indian insurance and re-insurance industry, do
not permit LIC to raise its shareholding in a single listed entity beyond 15%.
o Since LIC already holds 10.82% stake in IDBI Bank (as on March 31), it has received
exemption from the IRDAI to pick up a majority stake in the bank.
YES BANK
Ø WHAT – Experience our Expertise
Ø TELL ME MORE – Yes Bank started its operations in 2004.
AXIS BANK
Ø WHAT – Badhti ka Naam Zindagi
Ø TELL ME MORE – The name of the country’s third largest private sector lender UTI Bank has been
officially changed to the Axis Bank Ltd with effect from 30 July, 2007.
o UTI Bank opened its registered office in December 1993.
ICICI BANK
Ø WHAT – Khayaal Aapka and Hum Hain Na
Ø TELL ME MORE – ICICI (Industrial Credit and Investment Corporation of India) Bank was originally
promoted in 1994 by ICICI Limited, an Indian financial institution, and was its wholly-owned
subsidiary.
o ICICI was formed in 1955 at the initiative of the World Bank, the Government of India and
representatives of Indian industry.
o The principal objective was to create a development financial institution for providing
medium-term and long-term project financing to Indian businesses.
o In the 1990s, ICICI transformed its business from a Development Financial Institution
offering only project finance to a diversified financial services group offering a wide variety
of products and services, both directly and through a number of subsidiaries and affiliates
like ICICI Bank.
o ICICI's shareholding in ICICI Bank was reduced to 46% through a public offering of shares in
India in fiscal 1998.
o In October 2001, the Boards of Directors of ICICI and ICICI Bank approved the merger of
ICICI and two of its wholly-owned retail finance subsidiaries, ICICI Personal Financial
Services Limited and ICICI Capital Services Limited, with ICICI Bank.
HDFC BANK
Ø WHAT – We understand your world
Ø TELL ME MORE – The Housing Development Finance Corporation Limited (HDFC) was amongst the
first to receive an 'in principle' approval from the Reserve Bank of India (RBI) to set up a bank in the
private sector, as part of RBI's liberalisation of the Indian Banking Industry in 1994.
o The bank was incorporated in August 1994 in the name of 'HDFC Bank Limited'.
o HDFC Bank commenced operations as a Scheduled Commercial Bank in January 1995.
UNION BANK OF INDIA
Ø WHAT – Good People to Bank with
Ø TELL ME MORE – Union Bank of India was established on 11th November 1919.
o Shortly after nationalization in 1969, Union Bank of India acquired Belgaum Bank, a private
sector bank established in 1930 that had itself merged in a bank in 1964, the Shri Jadeya
Shankarling Bank.
o Then in 1985 Union Bank of India acquired Miraj State Bank, which was established in 1929.
o In 1999, the Reserve Bank of India requested that Union Bank acquire Sikkim Bank in a
rescue after extensive irregularities had been discovered at the non-scheduled bank.
o It has been merged with the Andhra Bank and Corporation Bank w.e.f., 1st April, 2020.
IDFC FIRST BANK LTD.
Ø WHAT – Banking Hatke
Ø TELL ME MORE – Infrastructure Development Finance Company is a finance company based in
India incorporated on 30 January 1997.
o In 1998 the company registered with the Reserve Bank of India (RBI) as a non-banking
financial company and in 1999 it formally became a Public Financial Institution.
o IDFC applied for Banking License in 2013 and RBI granted an in-principle approval to IDFC to
set-up a Bank in 18 months.
o IDFC Bank was formally launched in 2015.
o IDFC Bank and Capital First merged effective 18th December 2018. Merged entity is be
called IDFC First Bank.
KOTAK MAHINDRA BANK LTD.
Ø WHAT – Let’s Make money Simple Ab Kona Kona Kotak
Ø TELL ME MORE – In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the Group's flagship
company, received a banking licence from the Reserve Bank of India (RBI).
o It became the first non-banking finance company in India to be converted into a bank –
Kotak Mahindra Bank Limited (Kmb) ltd.
o
In 2015, Kotak Bank acquired ING Vysya Bank.
RBL BANK LTD. / RATNAKAR BANK LIMITED
Ø WHAT – apno ka Bank
Ø TELL ME MORE – In August 1943, Ratnakar Bank (formerly named as) was a regional bank in
Maharashtra.
o "Ratnakar Bank" was re branded and was portrayed under a new name "RBL Bank" in Mid
of Year 2014.
o In August 1959, the Bank was categorised as a "Scheduled Commercial Bank" within the
meaning of the Reserve Bank of India Act, 1934.
INDUSLND BANK LTD.
Ø WHAT – We Care Dil se; We make you fell richer
Ø TELL ME MORE – The bank began its operations on 17th April 1994
o It derived its name from Indus Valley
Civilization.
PUNE, MAHARASHTRA
BANK OF MAHARASHTRA
Ø WHAT – EK Parivar Ek Bank
Ø TELL ME MORE – Bank of Maharashtra is the Convenor Bank of State Level Bankers’ Committee of
Maharashtra.
Ø Lead Bank Scheme –
o After nationalization of major commercial banks in 1969, a committee of banks headed by
Sri F.K.F. Nariman, the then custodian of Union Bank of India, was appointed by Reserve
Bank of India to evolve a coordinated programme for ensuring the spread of adequate
banking facilities in the country.
o A study group (headed by late Dr R. Gadgil) on 'Organizational framework for
implementation of social objectives' was set up in October 1968 by the National Credit
Council.
o Based on the recommendations of Gadgil study group and of the Nariman Committee,
Reserve Bank of India finalized Lead Bank Scheme in 1969.
o The Lead Bank scheme were assigned responsibilities of particular districts to act as pace
setters in providing integral banking facilities, alleviation of poverty and overall
improvement of district economy.
o The main aim of the lead bank scheme is to provide collective action by banks and other
financial institutions in the implementation of bankable schemes for improvement in the
district economy.
Ø State Level Bankers' Committee –
o It was in this context that Reserve Bank of India advised the lead banks to create District
Level Consultative Committees (DLCCs) in their lead districts.
o The matters that are beyond the powers of DLCCs are handled by State Level Bankers’
Committees.
o State Level Bankers’ Committee (SLBC) has been constituted in April 1977.
o State Level Bankers' Committee was in all the states to create adequate coordination
machinery at State level on uniform basis. Convenorship of SLBC was assigned to Lead Bank
of the State.
KOLKATA, WEST BENGAL
ALLAHABAD BANK
Ø WHAT – A tradition of Trust
Ø TELL ME MORE – The Bank was founded at the confluence city of Allahabad by a group of
Europeans in 1865s.
o In 1923, the Head Office of the Bank shifted to Calcutta on Business considerations.
o United Industrial Bank Ltd. merged with Allahabad Bank in October 1989.
BANDHAN BANK
Ø WHAT – Aapka Bhala, Sabki Bhalai
Ø TELL ME MORE – Bandhan Bank Limited was incorporated on 23rd December 2014 as a whollyowned subsidiary of Bandhan Financial Holdings Limited.
o It is the first bank to be set up in eastern part of India after Independence.
UCO BANK
Ø WHAT – Honours your Trust
Ø TELL ME MORE – It was founded in 1943.
o UCO Bank is a commercial bank and a Government of India undertaking.
o Its board of directors includes representatives from the Government of India and the
Reserve Bank of India, as well as eminent professionals such as accountants, management
experts, economists, businessmen.
NEW DELHI
PUNJAB NATIONAL BANK
Ø WHAT – The name you can bank upon
Ø TELL ME MORE – It was founded in 1894.
o In 1951, the Bank took over the assets and liabilities of Bharat Bank Ltd. and became the
second largest bank in the private sector.
o New Bank of India was merged in PNB in 1993.
o PNB has been merged with the Oriental Bank of Commerce and United Bank of India.
PUNJAB & SIND BANK
Ø WHAT – Where service is a way of life
Ø TELL ME MORE – It was founded in 1908.
o On 15 April 1980, Punjab & Sind Bank was among six banks that the Government of India
nationalised in the second wave of nationalisations.
o Sutlej Gramin Bank is a Regional Rural Bank sponsored by Punjab & Sind Bank.
CHENNAI, TAMIL NADU
INDIAN OVERSEAS BANK
Ø WHAT – Good people to grow with
Ø TELL ME MORE – Indian Overseas Bank (IOB) was founded on 10th February 1937.
o IOB was one of the 14 major banks that were nationalized in 1969.
INDIAN BANK
Ø WHAT – Your own Bank
Ø TELL ME MORE – Established on 15th August 1907 as part of the Swadeshi movement.
o Indian Bank was nationalized in 1969.
LAKSHMI VILAS BANK LTD.
Ø WHAT – The changing face of Prosperity
Ø TELL ME MORE – Lakshmi Vilas Bank was founded in 1926.
o The Bank obtained its banking license from RBI on 19 June 1958, and on 11, August 1958 it
became a ‘scheduled commercial bank’.
KUMBAKONAM, TAMIL NADU
CITY UNION BANK LTD
Ø WHAT – Trust and Excellence
Ø TELL ME MORE – The bank, 'The Kumbakonam Bank Limited' as it was then called was
incorporated as a limited company on 31st October, 1904.
o The Bank in the beginning preferred the role of Regional bank.
o The Bank was included in the Second Schedule of Reserve Bank of India Act, 1934, on 22nd
March 1945.
o In 1957, the bank took over the assets and liabilities of the Common Wealth Bank Limited.
o In April, 1965, two other local banks viz., 'The City Forward Bank Limited' and 'The Union
Bank Limited' were amalgamated with the Bank.
o Consequently, the Bank's name was changed to 'The Kumbakonam City Union Bank
Limited'.
o In tune with the national image attached to the Bank, the Bank's name was changed to 'City
Union Bank Limited' with effect from December, 1987.
KARUR, TAMIL NADU
KARUR VYSYA BANK LTD.
Ø WHAT – Smart way to Bank
Ø TELL ME MORE – The Karur Vysya Bank Limited, popularly known as KVB, was set up in 1916.
THOOTHUKUDI, TAMIL NADU
TAMILNAD MERCANTILE BANK LTD.
Ø WHAT – Be a step ahead of life
Ø TELL ME MORE – The history of Tamilnad Mercantile Bank Ltd., the then Nadar Bank Ltd., dates
back to 1921.
o The bank was registered on May 11, 1921 as “The Nadar Bank Ltd”.
o But changed its name to Tamilnad Mercantile Bank in November 1962 to widen its appeal
beyond the Nadar community.
BENGALURU, KARNATAKA
CANARA BANK
Ø WHAT – Together we can
Ø TELL ME MORE – Founded as 'Canara Bank Hindu Permanent Fund' in 1906.
o It turned into a limited company as 'Canara Bank Ltd.' in 1910 and became Canara Bank in
1969 after nationalization.
o It has been merged with Syndicate bank w.e.f., 1st April 2020.
MANGALORE, KARNATAKA
KARNATAKA BANK LTD.
Ø WHAT – Your family bank across India
Ø TELL ME MORE – Karnataka Bank Limited, a leading 'A' Class Scheduled Commercial Bank in India,
was incorporated on February 18th, 1924.
o The Bank grew with the merger of Sringeri Sharada Bank Ltd., Chitradurga Bank Ltd. and
Bank of Karnataka.
o Bank was included in the Second Schedule of the Reserve Bank of India Act, 1934, on 6th
January, 1958.
BARODA (VADODARA), GUJARAT
BANK OF BARODA
Ø WHAT – India’s International Bank
Ø TELL ME MORE – Founded in 1908.
o The bank, along with 13 other major commercial banks of India, was nationalised on 19 July
1969, by the Government of India and has been designated as a profit-making public sector
undertaking (PSU).
o In 1961, BoB merged in New Citizen Bank of India.
o On 1st April 2019, Dena Bank and Vijaya Bank were merged into Bank of Baroda with BoB as
the anchor bank.
ALUVA, KERALA
FEDERAL BANK
Ø WHAT – Your perfect banking Partner
Ø TELL ME MORE – The Bank was incorporated on April 23, 1931 as the Travancore Federal Bank
Limited, Nedumpuram under the Travancore Companies Regulation, 1916.
o The Bank's name was changed to The Federal Bank Limited on December 2, 1949.
THRISSUR, KERALA
CATHOLIC SYRIAN BANK LTD.
Ø WHAT – Support all the way
Ø TELL ME MORE – The Catholic Syrian Bank Ltd. commenced business on January 1st 1921.
o In August 1969, the Bank was included in the Second Schedule to the Reserve Bank of India
Act 1934.
o In 1975, the Bank attained the status of "A" Class Scheduled Bank when its total Deposits
crossed Rs.25 crores.
DHANLAXMI BANK LTD.
Ø WHAT – Tann, Mann, Dhan
Ø TELL ME MORE – Dhanlaxmi Bank Ltd. was incorporated in 1927.
o It became a Scheduled Commercial Bank in the year 1977.
o The bank has changed its name from Dhanalakshmi Bank to Dhanlaxmi Bank on 10 August
2010.
SOUTH INDIAN BANK LTD.
Ø WHAT – Experience Next Generation Banking
Ø TELL ME MORE – South Indian Bank Ltd was incorporated on 29 January 1929 as a private limited
company and was later converted into a public limited company on 11 August 1939.
o It is the first among the private sector banks in Kerala to become a scheduled bank in 1946
under the RBI Act.
o SIB was the first scheduled Bank in the private sector in Kerala to get the license under
section 22 of the Banking Regulation Act 1949 from RBI on 17-06-1957.
SRINAGAR, JAMMU AND KASHMIR
JAMMU & KASHMIR BANK LTD.
Ø WHAT – Serving to Empower
Ø TELL ME MORE – The Bank was incorporated in 1938.
o It was the first bank in the country to emerge as a state–owned bank.
o In year 1971, the bank had acquired the status of a scheduled bank and was declared as an
"A" Class bank by the Reserve Bank of India in 1976.
NAINITAL, UTTARAKHAND
NAINITAL BANK LTD.
Ø WHAT – Banking with personal touch
Ø TELL ME MORE – The Nainital Bank Limited was established in the year 1922.
o In the year 1973, Reserve Bank of India directed Bank of Baroda, a premier nationalized
bank, to manage the affairs of the Nainital Bank Limited.
o At present Bank of Baroda holds 98.57% share-holding in the Nainital Bank Limited and
remaining 1.43% shares are held by the public.
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