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National Financial Switch (NFS) is the largest network of shared automated teller machines (ATMs) in India. It was designed, developed and deployed by the Institute for Development and Research in Banking Technology (IDRBT) in 2004, with the goal of inter-connecting the ATMs in the country and facilitating convenience banking.
Ujjivan Small Finance Bank Limited is an Indian small finance bank based in Bangalore, which commenced operations on 1 February 2017. Ujjivan Financial Services holds an 80 percent stake in the bank.
National Bank for Agriculture and Rural Development (NABARD) is an apex regulatory body for overall regulation of regional rural banks and apex cooperative banks in India. It is under the jurisdiction of Ministry of Finance, Government of India.
The Indian Financial System Code (IFS Code or IFSC) is an alphanumeric code that facilitates electronic funds transfer in India. A code uniquely identifies each bank branch participating in the three main Payment and settlement systems in India: the National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS) and Immediate Payment Service (IMPS) systems.
IDFC First Bank (formerly IDFC Bank in Mumbai that forms part of IDFC, an integrated infrastructure finance company.The bank started operations on 1 October 2015. IDFC FIRST received a universal banking licence from the Reserve Bank of India (RBI) in July 2015.
Federal Bank Limited is a major Indian Private sector bank headquartered in Aluva, Kochi.The bank has more than 1,250 branches spread across different states in India. It also has its Representative Offices abroad at Abu Dhabi, Qatar, Kuwait, Oman and Dubai.
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Public Sector Banks (PSBs) are a major type of government owned banks in India, where a majority stake (i.e. more than 50%) is held by the Ministry of Finance of the Government of India or State Ministry of Finance of various State Governments of India.