Total deposits of the bank crossed Rs. The deposits of the bank crossed Rs. Bombay-Borivili branch was declared as the first Model branch on March 5.
Two new deposit schemes viz. Merchant Banking Division started. Deposits of the Bank crossed the prestigious mark of Rs. Deposits of the bank increased to Rs. Deposits increased to Rs. Deposits of the bank crossed Rs. Stock-Invest Scheme introduced. First Overseas branch opened at Bombay on August Deposits crossed prestigious figure of Rs.
Regional Office at Bombay started functioning at Andheri West at our own premises. First Service Branch opened at Bombay on Sept. Employees Group Insurance Scheme introduced for the employees of the Bank.
Customer Care Centre has been opened at Bangalore K. Bank has successfully implemented the three-way data replication process aimed at zero data loss Installed CIS software at all branches for credit proposals Cheque Truncation System started as pilot project at Delhi.
Bank achieved Business Turnover of Rs. Bank opened its 11th Regional Office at Udupi on Bank opened its 12th Regional Office at Tumakuru on Chikkamagaluru Branch — Golden Jubilee Celebration function held on Bank launched revamped website on Bank launches Deposit Only Card on Before they were bifurcated in , the Udupi and Dakshina Kannada districts had birthed five banks.
All these banks were initiatives of private individuals, highly motivated for community welfare. The undivided Dakshina Kannada district has always shown great concern about anything to do with its banks. The district raised the loudest protest when nationalization happened. As things stand, there has been a mixed reaction to the massive changes.
Some opposition political parties are planning protests. And of course, many bankers and their families are upset and even perplexed at the development.
Take N. Santhosh Hegde, the former Lokayukta of Karnataka, who belongs to a family of bankers. I feel sad that the banks I held in high esteem may not be known for the next generation, their names will be wiped out," he told Mint. Many examples are cited. Similarly, Canara Bank, which had humble beginnings in a village in Mangalore city, started educational institutions.
But now all the recruitment is being centrally done. The region should not grudge it for losing links with the banks it gave birth to, but move on," he advises. During the last 20 years, Syndicate and Vijaya Bank had shifted their corporate offices to Bengaluru, while retaining truncated head offices in Mangaluru and Manipal, respectively.
Only Corporation Bank still holds its headquarters in Mangaluru, which will now be a regional office of the amalgamated entity. Chairpersons and executive directors of all the three banks barring Corporation Bank now sit in Bengaluru corporate offices. Its headquarters is located in Kolkata. The bank's business touched INR 3.
It has more than branches spread across the country. The Bank of Baroda was nationalized during by the government of India. The bank's total assets crossed Rs 3.
The Bank of India came into existence during when a group of illustrious businessmen came together to start a bank. The bank has a network of branches spread across the length and breadth of India as on January The bank's headquarters is situated in Mumbai.
Bank of Maharashtra has the largest network of branches in the state of Maharashtra. The bank has an estimated 15 million customers across the globe. The bank was started in the year in Pune by V.
Kale and D. It obtained the status of Schedule Bank during The bank gained autonomous status in the year which has led to the reduction of interference of government bureaucracy in its internal affairs and the decision-making process.
Bank of Maharashtra's head office is located in Pune. During , the bank's total business crossed Rs 2. It was later renamed as Canara Bank Limited in the year during its incorporation. The bank is one of the oldest public sector banks in the country. The government of India nationalized Canara bank during making it one of the biggest public sector banks owned by the government of India in the country. The bank has a chain of branches and ATM's across various locations in India.
The Canara Bank established an international division abroad for the first time as early as The net worth of the bank improvised during fiscal and was recorded at Rs , Canara Bank No. By , the bank established a branch in Hyderabad. The bank has a network of branches and ATM's spread across the country. The bank was instrumental in creating the first Indian exchange bank known as the Central Exchange Bank of India during which started its operations in London city.
The bank is considered to be the first commercial Indian Bank which was completely possessed and handled by Indians. The bank has many satellite offices which are spread across the length and breadth of the country. The bank's deposits declined to Rs , The borrowings of the bank stood at Rs 5, Corporation Bank is headquartered in Mangalore, India.
The bank began its journey in , with an initial seed capital of Rs 5, It is one of the oldest banks in India. The bank to its distinction has a structure of absolutely automated Core Banking Solutions CBS branches expanded across the country.
The bank is one of the prominent public sector banks in India. The Corporation bank witnessed a decline in the deposits during March at Rs , The company was renamed as Dena Bank in during the time of its incorporation as a public company.
The bank to its reputation had launched a bond issue during November , to the tune of Rs It also made a maiden public issue during the same year worth Rs crore in India.
The deposits of the bank slid to Rs , The investments of the bank also dipped slightly and stood at Rs 37, Its name is rooted in the fact that it was established on Vijaya Dashami day. Shetty, who hailed from the agrarian Bunt community, together with 12 other Bunt farmers founded the bank mainly to help local cultivators who were struggling during the great economic depression of the s. It was also nationalised in Their objective was primarily to extend financial assistance to the local weavers who were crippled by a crisis in the handloom industry through mobilising small savings from the community.
The bank collected as little as 2 annas daily at the doorsteps of the depositors through its agents under its Pigmy Deposit Scheme started in The lender was renamed as Syndicate Bank Limited in
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