|
Indian Banks' Association
Indian Banks' Association (IBA), formed on (26 September 1946) as a representative body of management of banking in India operating in India - an association of Indian banks and financial institutions based in Mumbai. With an initial membership representing 22 banks in India in 1946, IBA currently represents 247 banking companies operating in India. IBA was formed for development, coordination and strengthening of Indian banking, and assist the member banks in various ways including implementation of new systems and adoption of standards among the members. Indian Banks' Association is managed by a managing committee, and the current managing committee consists of one chairman, 3 deputy chairmen, 1 honorary secretary and 26 members. On 20 November 2020, Union Bank of India's MD & CEO Rajkiran Rai was elected as the new Chairman of IBA. Mr.Dinesh Khara, Chairman of State Bank of India, Mr.Madhav Nair, Country Head & CEO of Mashreq Bank and Mr.S. S. Mallikarjuna Rao MD & CEO of Pun ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mumbai
Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the second-most populous city in India after Delhi and the eighth-most populous city in the world with a population of roughly 20 million (2 crore). As per the Indian government population census of 2011, Mumbai was the most populous city in India with an estimated city proper population of 12.5 million (1.25 crore) living under the Brihanmumbai Municipal Corporation. Mumbai is the centre of the Mumbai Metropolitan Region, the sixth most populous metropolitan area in the world with a population of over 23 million (2.3 crore). Mumbai lies on the Konkan coast on the west coast of India and has a deep natural harbour. In 2008, Mumbai was named an alpha world city. It has the highest number of millionaires and billionaires among all cities i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Punjab & Sind Bank
Punjab & Sind Bank is an Indian public sector bank headquartered in New Delhi. As of 31 March 2020, the bank has 1526 branches which are widely spread across India out of which 635 branches are in the state of Punjab, and 25 zonal offices located all over India. History The bank was established in Amritsar on 24 June 1908 by Bhai Vir Singh, Sir Sunder Singh Majitha, and Sardar Tarlochan Singh to serve the then Sind and Punjab areas of colonial India. On 15 April 1980 Punjab & Sind Bank was among six banks that the Government of India nationalised in the second wave of nationalisation. (The first wave had been in 1969 when the government nationalised the top 14 banks.) In the 1960s Punjab & Sind Bank established a branch in London. In 1991 Bank of Baroda acquired Punjab & Sind Bank's London branch at the behest of the Reserve Bank of India following Punjab & Sind's involvement in the Sethia fraud in 1987. Since 2004, the bank has shown growth of over 40% year on year, and it ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking In India
Modern banking in India originated in the mid of 18th century. Among the first banks were the Bank of Hindustan, which was established in 1770 and liquidated in 1829–32; and the General Bank of India, established in 1786 but failed in 1791. The largest and the oldest bank which is still in existence is the State Bank of India (SBI). It originated and started working as the Bank of Calcutta in mid-June 1806. In 1809, it was renamed as the Bank of Bengal. This was one of the three banks founded by a presidency government, the other two were the Bank of Bombay in 1840 and the Bank of Madras in 1843. The three banks were merged in 1921 to form the Imperial Bank of India, which upon India's independence, became the State Bank of India in 1955. For many years, the presidency banks had acted as quasi-central banks, as did their successors, until the Reserve Bank of India was established in 1935, under the Reserve Bank of India Act, 1934. In 1960, the State Banks of India was g ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trade Associations Based In India
Trade involves the transfer of goods and services from one person or entity to another, often in exchange for money. Economists refer to a system or network that allows trade as a market. An early form of trade, barter, saw the direct exchange of goods and services for other goods and services, i.e. trading things without the use of money. Modern traders generally negotiate through a medium of exchange, such as money. As a result, buying can be separated from selling, or earning. The invention of money (and letter of credit, paper money, and non-physical money) greatly simplified and promoted trade. Trade between two traders is called bilateral trade, while trade involving more than two traders is called multilateral trade. In one modern view, trade exists due to specialization and the division of labour, a predominant form of economic activity in which individuals and groups concentrate on a small aspect of production, but use their output in trades for other product ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
:category:Consumer Protection In India
India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ... Economy of India ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
:category:Banking In India
{{cat main India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ... Financial services in India ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Categories
Category, plural categories, may refer to: Philosophy and general uses *Categorization, categories in cognitive science, information science and generally *Category of being *Categories (Aristotle), ''Categories'' (Aristotle) *Category (Kant) *Categories (Peirce) *Category (Vaisheshika) *Stoic categories *Category mistake Mathematics * Category (mathematics), a structure consisting of objects and arrows * Category (topology), in the context of Baire spaces * Lusternik–Schnirelmann category, sometimes called ''LS-category'' or simply ''category'' * Categorical data, in statistics Linguistics *Lexical category, a part of speech such as ''noun'', ''preposition'', etc. *Syntactic category, a similar concept which can also include phrasal categories *Grammatical category, a grammatical feature such as ''tense'', ''gender'', etc. Other * Category (chess tournament) * Objective-C#Categories, Objective-C categories, a computer programming concept * Pregnancy category * Prisoner s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Equitas Small Finance Bank
Equitas Small Finance Bank (erstwhile Equitas Microfinance Ltd) is a small finance bank founded in 2016 as a microfinance lender. The bank has its headquarters in Chennai, and is a subsidiary of holding company Equitas Holdings Ltd. History After receiving license from the Reserve Bank of India (RBI) on 30 June 2016, Equitas Small Finance bank began banking on 5 September 2016. With effect from 4 February 2017, Equitas became a scheduled bank. However, the company missed on RBI's mandate of listing within 3 years of commencement of its operations. Review from the Securities and Exchange Board of India and RBI is awaited. The bank planned to build a network of 412 branches located in 11 Indian states by the end of fiscal year 2016-17. However, for rendering technology oriented services, 83% of transactions occurring online as of July 2017. This includes the bank providing an RFID sticker to pay road tolls automatically, with settlements occurring digitally. On 1 March 2018, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saraswat Co-operative Bank Ltd
Saraswat Co-operative Bank Ltd. is an urban co-operative banking institution, having its headquarter in Mumbai, Maharashtra, India and operating as a co-operative society since 1918. The Founding Members of the society were J. K. Parulkar as chairman, N. B. Thakur as vice-chairman, P. N. Warde as Secretary, and Shivram Gopal Rajadhyaksha as Treasurer. In 1988, the bank was conferred with the Scheduled status by the Reserve Bank of India. It is the first co-operative bank to provide merchant banking services. The bank got a permanent license to deal in foreign exchange in 1979. Presently, the bank has a correspondent relationship in 58 countries covering nine currencies with over 162 banks. The bank's total business which was around in the year 2000, has reached to in 2020.https://www.saraswatbank.com/Assets/ANNUAL%20REPORT%202020_12112020_1131.pdf In the year 2008, the bank launched a new logo branding. In the last two decades, the bank has witnessed a steady growth in bu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Bank
Federal Bank Limited is an Indian private sector bank headquartered in Aluva, Kochi, Kerala. The bank has 1,336 branches spread across different states in India. It also has representative offices abroad in Abu Dhabi, Qatar, Kuwait, Oman, and Dubai. With a customer base of over 10 million, including 1.5 million NRI customers and a large network of remittance partners around the world, Federal Bank handled more than 15% of India's total inward remittances of billion in 2018. The bank has remittance arrangements with more than 110 Banks/Exchange Companies around the world. The bank is also listed in the Bombay Stock Exchange, National Stock Exchange of India and London Stock Exchange and has a branch in India's first International Financial Services Centre (IFSC) at the GIFT City. History The Federal Bank Limited (the erstwhile Travancore Federal Bank Limited) was incorporated with an authorized capital of at Nedumpuram, a place near Thiruvalla in Central Travancore on 23 A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
City Union Bank
City Union Bank Limited is an Indian private sector bank headquartered in Kumbakonam, Tamil Nadu. The bank was initially named Kumbakonam Bank Limited, and was incorporated on 31 October 1904. The bank preferred the role of a regional bank in the Thanjavur district of Tamil Nadu. In Fiscal year, FY2016 the bank had a market capitalization of and operated 700 branches, and 1762 ATMs. History The City Union Bank Limited was originally incorporated under the name Kumbakonam Bank as a limited company on 31 October 1904. The bank preferred a regional role and adopted an agency model in the initial years. The first branch was opened in 1930. In 1987, the name of the bank was changed to City Union Bank. See also * Banking in India * List of banks in India * Reserve Bank of India * Indian Financial System Code * List of largest banks * List of companies of India * Make in India References Private sector banks in India Banks established in 1904 Companies based in Tamil Nad ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Karnataka Bank
Karnataka Bank Limited is an Indian private sector bank based in Mangalore. It is an 'A' Class Scheduled Commercial Bank with a network of 898 branches, 1 extension counter, 885 ATMs, 563 cash recyclers and 546 e-lobbies/mini e-lobbies across 22 states and 2 union territories. It has 8,519 employees and over 11 million customers throughout the country. Its shares are listed on the NSE and BSE. The tagline of the bank is "Your Family Bank Across India". SEBI profile, pg. 38 Karnataka Bank Limited has adopted core banking, internet banking and has established its "MoneyPlant" (885 ATMs, 563 cash recyclers and 546 e-lobbies/mini e-lobbies) system across the country. History Karnataka Bank Limited was incorporated on 18 February 1924, and commenced business on 23 May 1924. Its founders established it at Mangalore, a coastal town in the Dakshina Kannada district of Karnataka. SEBI profile, pg. 34 Among the founders, who created the bank to serve the South Canara region, was B. R ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
