December 17, 2018

Public Sector Banks in India

The Banking scenario in India has considerably changed if the last decade is considered. The width and depth of financial system in India has improved. The new technology has also added to the improvement and has made banking transactions just a click away. Nationalised or Public Sector Banks earlier being quite reluctant to the acceptance of this change have now succeeded by making a rapid makeover and concentrating more on a customer centric policy. [… Next …]

Indian Overseas Bank

Indian Overseas Bank (IOB) is a major bank based in Chennai Madras State. The Banks has 2018 domestic branches and six branches overseas. Indian Overseas Bank has an ISO certified inhouse Information Technology department, which has developed the software that 2018 branches use to provide online banking to their customer. The bank has achieved 100% networking status as well as 100% CBS status of branches with a total number of 2018 CBS branchs and Extension Counters. [… Next …]

United Bank of India

United Bank of India (UBI) is a state-owned financial services company headquartered in Kolkata City India. Presently the bank has a three-tier organizational setup consisting of its Head office in Kolkata. It has 31 Regional offices and 1600 branches spread all over India. However, its major presence is in eastern India. Due to a common acronym (UBI), which it shares with Union Bank of India, which also has an all-India presence, the public sometimes confuses the two banks. [… Next …]

Punjab & Sind Bank

Punjab and Sind Bank (P&SB) is a major Public Sector bank in Northern India. PSB Bank Of its almost 1000 branches and offices spread throughout India and almost 400 are in Punjab state, though the bank’s corporate headquarters is in New Delhi. On 15 April 1980 Punjab and Sind Bank was among six banks that the Government of India nationalized in the second wave of nationalizations. [… Next …]

Oriental Bank of Commerce

Oriental Bank of Commerce is an India-based bank in Lahore. The Company operates in four segments – treasury operations, corporate or wholesale banking, retail banking and other banking business operations. The bank offers features such as internet banking, phone banking NRI banking etc. However, it does not allow online banking access from outside India. [… Next …]

Syndicate Bank

Syndicate Bank Ltd. is one of the oldest and major commercial banks of India. At the time of its establishment the bank was known as the Canara Industrial and Banking Syndicate Limited. The Syndicate Bank along with 13 major commercial banks of India, was also nationalized on 19 July 1969 by the Government of India. [… Next …]

Punjab National Bank

Punjab National Bank (PNB) was founded in 1894 and today is the second largest state-owned commercial bank in India with about 5000 branches across 764 cities. It serves over 37 million customers. The bank has been ranked 248th biggest bank in the world by the Bankers Almanac, London. The bank’s total assets for financial year 2007 were about US$60 billion. [… Next …]

UCO Bank

Uco Bank, formerly United Commercial Bank was established in 1943 in Kolkata City, in West Bangal in India. It is one of the oldest and major commercial bank of India. Ghanshyam Das Birla, an eminent Indian industrialist, during the Quit India movement of 1942, had conceived the idea of organizing a commercial bank with Indian capital and management, and the United Commercial Bank Limited was incorporated to give shape to that idea. [… Next …]

Vijaya Bank

Vijaya Bank is a Public Sector, medium sized bank with presence across India and was founded on 23 Oct, 1931 by A.B. Shetty and other enterprising farmers in Mangalore City, Karnataka State in India. The objective of the founders was essentially to promote banking habits, thrift and entrepreneurship among the farming community of Dakshina Kannada district in Karnataka State. The Vijaya bank became a scheduled bank in 1958. [… Next …]

Indian Bank

Indian Bank is an Indian Public Sector Bank. It is a major Indian Commercial Bank headquartered in Chennai city, Madras state in India. It has 22000 employees, and 1657 branches and is one of the big public sector banks of India. It has overseas branches in Colombo, Sri Lanka, Singapore, and 229 correspondent banks in all over 69 countries. [… Next …]

IDBI Bank

The Industrial Development Bank of India Limited (IDBI) is one of India’s leading public sector banks and 4th largest Bank in overall ratings. RBI categorised IDBI as an “other public sector bank”. It was established in 1964 by an Act of Parliament to provide credit and other facilities for the development of the fledgling Indian industry. It is currently the 10th largest development bank in the world. [… Next …]

Central Bank of India

Central Bank of India a government-owned bank, one of the oldest and largest commercial banks in India. It is based in Mumbai. The bank has 3,563 branches and 270 extension counters across 27 Indian states and three Union Territories. Mr. M V Tanksale has been appointed as the Chairman and Managing Director of state-run of Central Bank of India as in March 2009. [… Next …]

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