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Syndicate Bank
Syndicate Bank was one of the oldest and major commercial banks of India. It was founded by Upendra Ananth Pai, T. M. A. Pai and Vaman Srinivas Kudva. 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 nationalised on 19 July 1969, by the government of India. It was headquartered in the university town of Manipal, India. On 1 April 2020, the bank was merged into Canara Bank. History 1925 1974 Syndicate Bank was founded in 1925 in Manipal, Udupi, Princely State of Mysore. The promoters came from a lower-middle class background and aimed to improve the socioeconomic status of the region. It was the only Indian bank with its headquarter in a rural area. The bank provided employment opportunities to the educated members of the local community. It had an initial paid-up capital of . It was unlike other banks which primarily financed trade and industries in urban areas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Cards
A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's accrued debt (i.e., promise to the card issuer to pay them for the amounts plus the other agreed charges). The card issuer (usually a bank or credit union) creates a revolving account and grants a line of credit to the cardholder, from which the cardholder can borrow money for payment to a merchant or as a cash advance. There are two credit card groups: consumer credit cards and business credit cards. Most cards are plastic, but some are metal cards (stainless steel, gold, palladium, titanium), and a few gemstone-encrusted metal cards. A regular credit card is different from a charge card, which requires the balance to be repaid in full each month or at the end of each statement cycle. In contrast, credit cards allow the consumers to build a continuing balance of debt, subject to interest being charged. A credit card diffe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dharwad
Dharwad (), also known as Dharwar, is a city located in the north western part of the Indian state of Karnataka. It is the headquarters of the Dharwad district of Karnataka and forms a contiguous urban area with the city of Hubballi. It was merged with Hubballi in 1962 to form the twin cities of Hubballi–Dharwad, Hubballi-Dharwad. It covers an area of and is located northwest of Bangalore, on National Highway 48 (India), NH-48, between Bangalore and Pune. Etymology The word "Dharwad" is derived from the Sanskrit word 'dwarawata', 'dwara' meaning "door" and 'wata' or 'wada' meaning "town". It means a place of rest in a long travel or a small habitation. For centuries, Dharwad acted as a resting place for travellers and a gateway between the ''Malenadu'' (western mountains) and the ''Bayalu Seeme'' (plains). History The Chalukyas ruled Dharwad during the 12th century. A stone inscription indicates that there was a ruler by the name of BhaskaraDeva in 1117. In the 14th century ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Uttar Pradesh
Uttar Pradesh (; , 'Northern Province') is a state in northern India. With over 200 million inhabitants, it is the most populated state in India as well as the most populous country subdivision in the world. It was established in 1950 after India had become a republic. It was a successor to the United Provinces (UP) during the period of the Dominion of India (1947–1950), which in turn was a successor to the United Provinces (UP) established in 1935, and eventually of the United Provinces of Agra and Oudh established in 1902 during the British Raj. The state is divided into 18 divisions and 75 districts, with the state capital being Lucknow, and Prayagraj serving as the judicial capital. On 9 November 2000, a new state, Uttaranchal (now Uttarakhand), was created from Uttar Pradesh's western Himalayan hill region. The two major rivers of the state, the Ganges and its tributary Yamuna, meet at the Triveni Sangam in Prayagraj, a Hindu pilgrimage site. Ot ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Moradabad
Moradabad () is a city, commissionary and municipal corporation in Moradabad district of Indian state of Uttar Pradesh. Moradabad is situated on the banks of the Ramganga river, at a distance of from the national capital, New Delhi and 344 km north-west of the state capital Lucknow. Founded by Rustam Khan, the governor of Katehar under the Mughal emperor Shahjahan, Moradabad is named after prince Murad Bakhsh, the youngest son of the emperor. Soon after its establishment, the city replaced Sambhal as the seat of the governor of Katehar. Moradabad was subsequently annexed into the Kingdom of Rohilkhand by Ali Mohammed Khan in 1740. The city came under the control of Oudh State in 1774 after the fall of Rohillas in the First Rohilla War and was then ceded to the British East India Company by the Nawab of Oudh in 1801. In the early nineteenth century, the Rohilkhand area was divided among the Rampur State and two districts - Bareilly and Moradabad; Moradabad becam ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Regional Rural Bank
Regional Rural Banks (RRBs) are government owned scheduled commercial banks of India that operate at regional level in different states of India. These banks are under the ownership of Ministry of Finance , Government of India. They were created to serve rural areas with basic banking and financial services. However, RRBs also have urban branches. The area of operation is limited to the area notified by the government of India covering, and it covers one or more districts in the State. RRBs perform various functions such as providing banking facilities to rural and semi-urban areas, carrying out government operations like disbursement of wages of MGNREGA workers and distribution of pensions, providing para-banking facilities like locker facilities, debit and credit cards, mobile banking, internet banking, and UPI services. History Regional Rural Banks were established under the provisions of an ordinance passed on 26 September 1975 and the RRB Act 1976 to provide sufficient ... [...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] |
Reserve Bank Of India
The Reserve Bank of India, chiefly known as RBI, is India's central bank and regulatory body responsible for regulation of the Indian banking system. It is under the ownership of Ministry of Finance, Government of India. It is responsible for the control, issue and maintaining supply of the Indian rupee. It also manages the country's main payment systems and works to promote its economic development. Bharatiya Reserve Bank Note Mudran (BRBNM) is a specialised division of RBI through which it prints and mints Indian currency notes (INR) in two of its currency printing presses located in Nashik (Western India) and Dewas (Central India). RBI established the National Payments Corporation of India as one of its specialised division to regulate the payment and settlement systems in India. Deposit Insurance and Credit Guarantee Corporation was established by RBI as one of its specialised division for the purpose of providing insurance of deposits and guaranteeing of credit facilit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pigmy Deposit Scheme
Pigmy Deposit Scheme is a monetary deposit scheme introduced by Syndicate Bank, India . Money in amounts as small as five rupees can be deposited into an account on a daily basis, by a bank agent collecting the money from the account holder's doorstep. The scheme was introduced to help daily wage earners, small traders and farmers begin saving, as a means to fund their bigger capital requirement A capital requirement (also known as regulatory capital, capital adequacy or capital base) is the amount of capital a bank or other financial institution has to have as required by its financial regulator. This is usually expressed as a capital ad ...s such as weddings or purchases of homes or vehicles. See also * Tonse Madhav Ananth Pai External links Syndicate Bank Banking in India {{india-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World Bank
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group. It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference. After a slow start, its first loan was to France in 1947. In the 1970s, it focused on loans to developing world countries, shifting away from that mission in the 1980s. For the last 30 years, it has included NGOs and environmental groups in its loan portfolio. Its loan strategy is influenced by the Sustainable Development Goals as well as environmental and social safeguards. , the World Bank is run by a president and 25 executive directors, as well as 29 various vice ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Small And Medium Enterprise
Small and medium-sized enterprises (SMEs) or small and medium-sized businesses (SMBs) are businesses whose personnel and revenue numbers fall below certain limits. The abbreviation "SME" is used by international organizations such as the World Bank, the European Union, the United Nations, and the World Trade Organization (WTO). In any given national economy, SMEs sometimes outnumber large companies by a wide margin and also employ many more people. For example, Australian SMEs makeup 98% of all Australian businesses, produce one-third of the total GDP (gross domestic product) and employ 4.7 million people. In Chile, in the commercial year 2014, 98.5% of the firms were classified as SMEs. In Tunisia, the self-employed workers alone account for about 28% of the total non-farm employment, and firms with fewer than 100 employees account for about 62% of total employment. The United States' SMEs generate half of all U.S. jobs, but only 40% of GDP. Developing countries tend to have a lar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kingdom Of Mysore
The Kingdom of Mysore was a realm in South India, southern India, traditionally believed to have been founded in 1399 in the vicinity of the modern city of Mysore. From 1799 until 1950, it was a princely state, until 1947 in a subsidiary alliance with Presidencies and provinces of British India, British India. The British took Direct Control over the Princely state, Princely State in 1831.Rajakaryaprasakta Rao Bahadur (1936), p383 It then became Mysore State (later enlarged and renamed to Karnataka) with its ruler remaining as Rajapramukh until 1956, when he became the first Governor of the reformed state. The kingdom, which was founded and ruled for most part by the Hindu Wodeyar family, initially served as feudatories under the Vijayanagara Empire. The 17th century saw a steady expansion of its territory and during the rule of Kanthirava Narasaraja I, Narasaraja Wodeyar I and Chikka Devaraja, Chikka Devaraja Wodeyar, the kingdom annexed large expanses of what is now southern ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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