|
United Western Bank
United Western Bank (UWB) was an Indian bank founded in 1936 that IDBI Bank acquired in 2006 in a rescue. The Reserve Bank of India placed UWB under a moratorium to protect the interest of public and depositors as growing losses eroded its capital. Annasaheb Chirmule, a leader of the Swadeshi movement, founded Satara Swadeshi Commercial Bank in 1907, and some three decades later founded United Western Bank. The bank was incorporated in 1936, and commenced operations the next year. UWB's head office was in Satara, in Maharashtra State. It became a Scheduled Bank in 1951. In 1956, UWB acquired Union Bank of Kolhapur, which had been incorporated on 5 July 1949. In 1961, UWB acquired Satara Swadeshi Commercial Bank. Established on 20 August 1907, this was the first bank established at Satara. At the time of the merger with IDBI, UWB had some 230 branches spread over 47 districts in 9 states, controlled by five Zonal Offices at Mumbai, Pune, Kolhapur, Jalgaon, and Nagpur N ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
IDBI Bank
The IDBI Bank Limited (IDBI Bank or IDBI) is a development finance institution under the ownership of Life Insurance Corporation of India and Government of India. It was established in 1964 as Industrial Development Bank of India, a development finance institution, which provided financial services to industrial sector. In 2005, the institution was merged with its commercial division, IDBI Bank, forming the present-day banking entity and was categorised as "other development finance institution" category. Later in March 2019, Government of India asked Life Insurance Corporation to infuse capital in the bank due to high NPA and capital adequacy issues and also asked LIC to manage the bank to meet the regulatory norms. IDBI was put under Prompt corrective action of the RBI and on 10th March 2021 IDBI came out of the PCA. At present direct and indirect shareholding of Government of India in IDBI Bank is approximately 95%, which Government of India (GoI) vide its communication F.No ... [...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] |
Swadeshi
The Swadeshi movement was a self-sufficiency movement that was part of the Indian independence movement and contributed to the development of Indian nationalism. Before the BML Government's decision for the partition of Bengal was made public in December 1903, there was a lot of growing discontentment among the Indians. In response the Swadeshi movement was formally started from Town Hall Calcutta on 7 August 1905 to curb foreign goods by relying on domestic production. Mahatma Gandhi described it as the soul of swaraj (self-rule). The movement took its vast size and shape after rich Indians donated money and land dedicated to Khadi and Gramodyog societies which started cloth production in every household. It also included other village industries so as to make village self-sufficient and self-reliant. The Indian National Congress used this movement as arsenal for its freedom struggle and ultimately on 15 August 1947, a hand-spun Khadi 'tricolor ashok chakra' Indian flag was unfurl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Satara (city)
Satara () (ISO: Sātārā) is a city located in the Satara District of Maharashtra state of India, near the confluence of the river Krishna and its tributary, the Venna. The city was established in the 16th century and was the seat of the Chhatrapati of Maratha Empire, Shahu I. It is the headquarters of Satara Tehsil, as well as the Satara District. The city gets its name from the seven forts (Sat-Tara) which are around the city. The city is known as a Soldier's city as well as Pensioner's city. History The first Muslim invasion of the Deccan took place in 1296. In 1636, the Nizam Shahi dynasty came to an end. In 1663, Chattrapati Shivaji conquered Parali and Satara fort. After the death of Shivaji, Shahu Shivaji, heir apparent to the Maratha Empire, captured by Mughals when he was only seven years old, remained their prisoner till the death of his father in 1700. The Dowager Maharani Tarabai proclaimed his younger half-brother, and her son, Shahu Sambhaji as Chhatrapati Mahara ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Maharashtra
Maharashtra (; , abbr. MH or Maha) is a states and union territories of India, state in the western India, western peninsular region of India occupying a substantial portion of the Deccan Plateau. Maharashtra is the List of states and union territories of India by population, second-most populous state in India and the second-most populous country subdivision globally. It was formed on 1 May 1960 by splitting the bilingual Bombay State, which had existed since 1956, into majority Marathi language, Marathi-speaking Maharashtra and Gujarati language, Gujarati-speaking Gujarat. Maharashtra is home to the Marathi people, the predominant ethno-linguistic group, who speak the Marathi language, Marathi language, the official language of the state. The state is divided into 6 Divisions of Maharashtra, divisions and 36 List of districts of Maharashtra, districts, with the state capital being Mumbai, the List of million-plus urban agglomerations in India, most populous urban area in India ... [...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] |
Pune
Pune (; ; also known as Poona, (List of renamed Indian cities and states#Maharashtra, the official name from 1818 until 1978) is one of the most important industrial and educational hubs of India, with an estimated population of 7.4 million As of 2021, Pune Metropolitan Region is the largest in Maharashtra by area, with a geographical area of 7,256 sq km. It has been ranked "the most liveable city in India" several times. Pune is also considered to be the cultural and educational capital of Maharashtra. Along with the municipal corporation area of Pimpri-Chinchwad Municipal Corporation, PCMC, Pune Municipal Corporation, PMC and the three Cantonment Board, cantonment towns of Pune Camp, Camp, Khadki, and Dehu Road, Pune forms the urban core of the eponymous Pune Metropolitan Region (PMR). Situated {{convert, 560, m, 0, abbr=off Height above sea level, above sea level on the Deccan Plateau, Deccan plateau, on the right bank of the Mutha River, Mutha river,{{cite web , last=Nala ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kolhapur
Kolhapur () is a city on the banks of the Panchganga River in the southern part of the Indian state of Maharashtra. It is the administrative headquarter of the Kolhapur district. In, around 2 C.E. Kolapur's name was 'Kuntal'. Kolhapur is known as ''`Dakshin Kashi''' or Kashi of the South because of its spiritual history and the antiquity of its shrine Mahalaxmi, better known as Ambabai. The region is known for the production of the famous hand-crafted and braided leather slippers called Kolhapuri chappal, which received the Geographical Indication designation in 2019. In Hindu mythology, the city is referred to as "''Karvir''." Before India became independent in 1947, Kolhapur was a princely state under the Bhosale Chhatrapati of the Maratha Empire. It is an important center for the Marathi film industry. Etymology Kolhapur is named after Kolhasur, a demon in Hindu History. According to History, the demon Kolhasur renounced asceticism after his sons were killed by God f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jalgaon
Jalgaon () is a city in Maharashtra, India. The city is located in North Maharashtra, and serves as the administrative headquarters of its namesake district, the Jalgaon district. Jalgaon is colloquially known as the “''Banana City of India''" as the region's (Jalgaon district) farmers grow approximately two-thirds of Maharashtra's banana production. The Girna river flows from the western part of the city. Jalgaon is situated in the Khandesh region of North Maharashtra. In 1906 Khandesh was divided between East Khandesh and West Khandesh, and Jalgaon became the headquarters of East Khandesh district. After the 1956 reorganisation of India's states, East Khandesh became part of Bombay State and later in 1960 it became part of Maharashtra. Transport Jalgaon’s airport was built in 1973 by the Public Works Department. The Jalgaon municipal council took over its operations in April 1997 and handed it over to the Maharashtra Airport Development Company in April 2007. The Go ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nagpur
Nagpur (pronunciation: Help:IPA/Marathi, [naːɡpuːɾ]) is the third largest city and the winter capital of the Indian state of Maharashtra. It is the 13th largest city in India by population and according to an Oxford's Economics report, Nagpur is projected to be the fifth fastest growing city in the world from 2019 to 2035 with an average growth of 8.41%. It has been proposed as one of the Smart Cities Mission, Smart Cities in Maharashtra and is one of the top ten cities in India in Smart Cities Mission, Smart City Project execution. In the latest rankings of 100 developing smart cities given by the Union Ministry of Urban Development (Maharashtra), Ministry of Urban Development, Nagpur stood first in Maharashtra state and second in India. Known as the "Orange City", Nagpur has officially become the greenest, safest and most technologically developed city in the Maharashtra state. Nagpur is the seat of the annual Winter Session of Maharashtra State Assembly, winter session ... [...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] |
Indian Companies Established In 1936
Indian or Indians may refer to: Peoples South Asia * Indian people, people of Indian nationality, or people who have an Indian ancestor ** Non-resident Indian, a citizen of India who has temporarily emigrated to another country * South Asian ethnic groups, referring to people of the Indian subcontinent, as well as the greater South Asia region prior to the 1947 partition of India * Anglo-Indians, people with mixed Indian and British ancestry, or people of British descent born or living in the Indian subcontinent * East Indians, a Christian community in India Europe * British Indians, British people of Indian origin The Americas * Indo-Canadians, Canadian people of Indian origin * Indian Americans, American people of Indian origin * Indigenous peoples of the Americas, the pre-Columbian inhabitants of the Americas and their descendants ** Plains Indians, the common name for the Native Americans who lived on the Great Plains of North America ** Native Americans in the U ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
