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New Bank Of India
New Bank of India was established in 1936, in Lahore by Mulk Raj Kohli, a professor of Economics turned banker. It moved its head office to Amritsar in 1947, and then to New Delhi in 1956. It acquired Didwana Industrial Bank in 1965, Chawla Bank in 1969, and Sahukara Bank in 1971. Earlier New Bank of India had acquired Punjab & Kashmir Bank. *Didwana Industrial Bank had been established in 1925 in Didwana. *Chawla Bank, which had been established in 1913, had its registered office in Bannu, North Western Frontier Province, and a branch office at Dehra Dun in the United Provinces. Ninety-five percent of its depositors and creditors migrated to India after Partition. *Sahukara Bank, est. 1912 in Ludhiana, had branches in Pakistan that it lost at Partition. *Lala Gokul Chand Suri founded Punjab & Kashmir Bank in 1912 in Delhi with operations in Rawalpindi. The Government of India nationalized New Bank of India in 1980. Punjab National Bank acquired New Bank of India in 1993. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lahore
Lahore ( ; pnb, ; ur, ) is the second most populous city in Pakistan after Karachi and 26th most populous city in the world, with a population of over 13 million. It is the capital of the province of Punjab where it is the largest city. Lahore is one of Pakistan's major industrial and economic hubs, with an estimated GDP ( PPP) of $84 billion as of 2019. It is the largest city as well as the historic capital and cultural centre of the wider Punjab region,Lahore Cantonment globalsecurity.org and is one of Pakistan's most , progressiv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nationalized
Nationalization (nationalisation in British English) is the process of transforming privately-owned assets into public assets by bringing them under the public ownership of a national government or state. Nationalization usually refers to private assets or to assets owned by lower levels of government (such as municipalities) being transferred to the state. Nationalization contrasts with privatization and with demutualization. When previously nationalized assets are privatized and subsequently returned to public ownership at a later stage, they are said to have undergone renationalization. Industries often subject to nationalization include the commanding heights of the economy – telecommunications, electric power, fossil fuels, railways, airlines, iron ore, media, postal services, banks, and water – though, in many jurisdictions, many such entities have no history of private ownership. Nationalization may occur with or without financial compensation to the former owners. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Disestablished In 1993
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1936
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Nationalised By The Government Of India
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Defunct Banks Of India
{{Disambiguation ...
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bharatiya Mahila Bank
Bharatiya Mahila Bank (BMB; ) was a fully owned subsidiary of State Bank of India based in Mumbai, India. Former Indian Prime Minister Manmohan Singh inaugurated the system on 19 November 2013 on the occasion of the 96th birth anniversary of former Indian Prime Minister Indira Gandhi. As part of the Modi government's banking reforms and to ensure greater banking outreach to women, the bank merged with State Bank of India on 1 April 2017. While being run by women, and lending exclusively to women, the bank allowed deposits to flow from everyone. India was the third country, after Pakistan and Tanzania, to have a bank exclusively to benefit women. Banking for women In India, only 26% of women have an account with a formal financial institution, compared with 46% of men. This has changed after the initiation of Pradhan Manthri Jan Dhan Yojana – accounts of women jumped radically to 60%. That means an account in either a bank, a credit union, a co-operative, post office or a mic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Bank Of India
State Bank of India (SBI) is an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra. SBI is the 49th largest bank in the world by total assets and ranked 221st in the ''Fortune Global 500'' list of the world's biggest corporations of 2020, being the only Indian bank on the list. It is a public sector bank and the largest bank in India with a 23% market share by assets and a 25% share of the total loan and deposits market. It is also the fifth largest employer in India with nearly 250,000 employees. On 14 September 2022, State Bank of India became the third lender (after HDFC Bank and ICICI Bank) and seventh Indian company to cross the 5-trillion market capitalisation on the Indian stock exchanges for the first time. The bank descends from the Bank of Calcutta, founded in 1806 via the Imperial Bank of India, making it the oldest commercial bank in the Indian subcontinent. The Bank of Madras merged into the o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Punjab National Bank
Punjab National Bank (abbreviated as PNB) is an Indian public sector bank headquartered in Delhi. The bank was founded in May 1894 and is the second largest government-owned bank in India, both in terms of its business volumes and its network. The bank has over 180 million customers, 12,248 branches, and 13,000+ ATMs. PNB has a banking subsidiary in the UK (PNB International Bank, with seven branches in the UK), as well as branches in Hong Kong, Kowloon, Dubai, and Kabul. It has representative offices in Almaty (Kazakhstan), Dubai (United Arab Emirates), Shanghai (China), Oslo (Norway), and Sydney (Australia). In Bhutan, it owns 51% of Druk PNB Bank, which has five branches. In Nepal, PNB owns 20% of Everest Bank, which has 122 branches. PNB also owns 41.64% of JSC (SB) PNB Bank in Kazakhstan, which has four branches. History Punjab National Bank is a PSU working under the government of India regulated by the Reserve Bank of India Act, 1934 and the Banking Regulation Act, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rawalpindi
Rawalpindi ( or ; Urdu, ) is a city in the Punjab province of Pakistan. It is the fourth largest city in Pakistan after Karachi, Lahore and Faisalabad, and third largest in Punjab after Lahore and Faisalabad. Rawalpindi is next to Pakistan's capital Islamabad, and the two are jointly known as the "twin cities" because of the social and economic links between them. Rawalpindi is on the Pothohar Plateau, known for its ancient Hindu and Buddhist heritage, especially in the neighbouring town of Taxila, a UNESCO World Heritage Site. In 1765, the ruling Gakhars were defeated and the city came under Sikh rule, becoming an important city within the Sikh Empire based at Lahore. The city's ''Babu Mohallah'' neighbourhood was once home to a community of Jewish traders that had fled Mashhad, Persia, in the 1830s. The city was conquered by the British Raj in 1849, and in the late 19th century became the largest garrison town of the British Indian Army's Northern command as its climate ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Amritsar
Amritsar (), historically also known as Rāmdāspur and colloquially as ''Ambarsar'', is the second largest city in the Indian state of Punjab, after Ludhiana. It is a major cultural, transportation and economic centre, located in the Majha region of Punjab. The city is the administrative headquarters of the Amritsar district. According to the United Nations, as of 2018, Amritsar is the second-most populous city in Punjab and the most populous metropolitan region in the state with a population of roughly 2 million. Amritsar is the centre of the Amritsar Metropolitan Region. According to the 2011 census, the population of Amritsar was 1,989,961. It is one of the ten Municipal Corporations in the state, and Karamjit Singh Rintu is the current Mayor of the city. The city is situated north-west of Chandigarh, 455 km (283 miles) north-west of New Delhi, and 47 km (29.2 miles) north-east of Lahore, Pakistan, with the Indo-Pak Border (Attari-Wagah) being only away. Am ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ludhiana
Ludhiana ( ) is the most populous and the largest Cities in India, city in the Indian state of Punjab, India, Punjab. The city has an estimated population of 1,618,879 2011 Indian census, 2011 census and distributed over , making Ludhiana the most densely populated urban centre in the state. It is a major industrial center of Northern India, referred to as the India's Manchester by the BBC. It stands on the old bank of Sutlej River, that is now to the south of its present course. The Union Ministry of Housing and Urban Affairs has placed Ludhiana on the 48th position among the top 100 smart cities and has been ranked as one of the easiest city in India for business according to the World Bank. History Ludhiana was founded in 1480 by members of the ruling Lodhi dynasty of the Delhi Sultanate. The ruling sultan, Sikandar Lodhi, dispatched two ruling chiefs, Yusuf Khan and Nihad Khan, to re-assert Lodhi control. The two men camped at the site of present Ludhiana, which was then ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
