This is one of the oldest banks in India and the oldest joint stock bank in the country. The history of the bank spreads over three centuries. The bank was established in 1865 by a group of your Europeans in Allahabad. The bank was started in Allahabad, but later shifted the headquarters in Calcutta. The bank released IPO in October 2,002, with the face value of each share at Rs.10. The bank also has an overseas bronze located in Hong Kong and recently in March 2007 the cross business off the bank crossed the one million rupees mark.
Andhra Bank
This bank was founded in 1923 and started business with a paid up capital of 1 Lakh rupees. The bank was started by the eminent freedom fighter Dr.B.P Sitaramya. The bank has a vision to be strong, trustworthy and efficient in all the transactions that it does. Creativity and intelligence is an integral part of the core values of the bank. This bank has been able to cross the national boundaries and establish branches in the USA and UAE. The bank has a large number of products to cater to the needs of medium, small and large customers. This bank tries to venture into those areas where other banks would never dare to.
The different state banks of India
The state bank of India was established in 1806 as a combination of three other presidency banks of India. The bank of Calcutta, the bank of Madras and the bank of Bombay together combined to form the state bank of India. The bank has its operations in more than 32 countries in the world and [...]
Full Story »Private banks in India
Private banks have been there in India for quite some time. The first bank was HDFC bank and it was the first bank to be approved by the Reserve bank of India. Private banks are those banks that are not under the jurisdiction of the government of India. There are several banks in this category. [...]
Full Story »State bank of India and its groups
History of State Bank of India The state bank of India is the largest bank in India as far as assets and Financial Services are concerned. The bank was established in 1806 as the bank of Calcutta through the Imperial bank of India. This bank is the oldest in the Indian subcontinent and is basically [...]
Full Story »History of Banks in India
Bank System in India The history of banking in India goes back to the last decades of the 18th century and the first bank that India had was the General Bank of India which started in the year 1786. The second bank that came up was the Bank of Hindustan which came up in 1890. Both [...]
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