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The oldest bank in India is The Madras Bank (1683), followed by the Bank of Bombay, founded in 1720, which is then followed by the Bank of Hindustan, founded in 1770. The oldest bank still in operation is the State Bank of India , whose origins can be traced back to the Bank of Calcutta .
Indian Bank is an Indian public sector bank, established in 1907 and headquartered in Chennai.It serves over 100 million customers with 40,187 employees, 5,847 branches with 4,937 ATMs and Cash deposit machines.
The Industrial and Commercial Bank of China (ICBC; Chinese: 中国工商银行) is a Chinese state-owned multinational banking and financial services corporation headquartered in Beijing, China. It is the largest of the " big four " banks in China, and the largest bank in the world by total assets. [ 8 ]
State Bank of Indore (Indore Bank) was a government-owned Indian bank and the largest of State Bank of India's (SBI) six associate bank subsidiaries. In October 2009, the Government of India gave its in-principle approval to a merger between State Bank of India and State Bank of Indore. [1] On 15 July 2010 the Cabinet cleared the merger.
The OTC Exchange Of India (OTCEI), also known as the Over-the-Counter Exchange of India, was based in Mumbai, Maharashtra. It is under the ownership of Ministry of Finance , Government of India . It is India's first exchange for small companies, [ 3 ] as well as the first screen-based nationwide stock exchange in India. [ 4 ]
State Bank of Travancore (SBT) was a major Indian bank headquartered in Thiruvananthapuram, Kerala, and was a major associate of State Bank of India. SBT was a subsidiary of the State Bank Group , but also had private share-holders.
India is a federal constitutional republic governed under a parliamentary system consisting of 28 states and 8 union territories. [1] All states, as well as the union territories of Jammu and Kashmir, Puducherry and the National Capital Territory of Delhi, have elected legislatures and governments, both patterned on the Westminster model.
In 1960, following the formation of a separate Gujarat State, the bank's main area of operation - Saurashtra - became a part of Gujarat. At the same time, the State Bank of India took over the State Bank of Saurashtra, along with the other major state-owned banks under the State Bank of India (Subsidiary Banks) Act, 1959. By this time, the ...