The Bank of Rajasthan Ltd ( hi, बैन्क ओफ राजस्थान) () was a private sector bank of

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 ...

which merged with

ICICI Bank ICICI Bank Limited is an Indian Private bank. It is headquartered at Mumbai. It offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiari ...

in 2010.

History

It was set up at

Udaipur Udaipur () (ISO 15919: ''Udayapura''), historically named as Udayapura, is a city and municipal corporation in Udaipur district of the state of Rajasthan, India. It is the administrative headquarter of Udaipur district. It is the historic capit ...

in 1943 with an initial capital of Rs. 10.00 lacs. An eminent industrialist named Seth Shri Govindram Seksaria was the founder chairman and Late Shri Dwarka Prasad Gupta was the first General Manager. It was classified as the Scheduled Bank in 1948. The Bank also established a rural (Gramin) bank

Mewar Mewar or Mewad is a region in the south-central part of Rajasthan state of India. It includes the present-day districts of Bhilwara, Chittorgarh, Pratapgarh, Rajsamand, Udaipur, Pirawa Tehsil of Jhalawar District of Rajasthan, Neemuch and Man ...

Anchlik Gramin Bank in

District in

Rajasthan Rajasthan (; lit. 'Land of Kings') is a state in northern India. It covers or 10.4 per cent of India's total geographical area. It is the largest Indian state by area and the seventh largest by population. It is on India's northwestern si ...

on 26 January 1983. The bank's central office is located at

Jaipur Jaipur (; Hindi Language, Hindi: ''Jayapura''), formerly Jeypore, is the List of state and union territory capitals in India, capital and largest city of the Indian States and union territories of India, state of Rajasthan. , the city had a pop ...

, although its registered office is in

. Presently the bank has 463 branches, in 24 states, with 294 of the branches being in Rajasthan.

Merger With ICICI Bank

RBI was critical of BOR's promoters not reducing their holdings in the company. BOR has been merged with

. ICICI paid Rs. 30 billion for it. Each 118 shares of BOR will be converted into 25 shares of

. dated 12 Oct 1998

References

External links

History

official Website
Economy of Rajasthan Organisations based in Udaipur Indian companies established in 1943 Banks established in 1943 Banks disestablished in 2010 Defunct banks of India Indian companies disestablished in 2010 Companies listed on the Bombay Stock Exchange {{India-company-stub