| Allahabad Bank | |
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| Allahabad Bank | |
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| OverviewThe Oldest Joint Stock Bank of the Country, Allahabad Bank was founded on April 24, 1865 by a group of Europeans at Allahabad. At that juncture Organized Industry, Trade and Banking started taking shape in India. Thus, the History of the Bank spread over three Centuries - Nineteenth, Twentieth and Twenty-First.Nineteenth Century April 24, 1865 The Bank became a part of P & O Banking Corporation's group with a bid price of Rs.436 per share, 1890's By the end of the Century, the Bank had its Branches at Jhansi, Kanpur, Lucknow, Bareilly, Nainital, Calcutta & Delhi, Twentieth Century 1920's The Bank became a part of P & O Banking Corporation's group with a bid price of Rs.436 per share, 1923 The Head Office of the Bank shifted to Calcutta on Business considerations, July 19, 1969 Nationalized along with 13 other banks, Branches - 151 Deposits - Rs.119 crores, Advances - Rs.82 crores October, 1989 United Industrial Bank Ltd. merged with Allahabad Bank, 1991 Instituted AllBank Finance Ltd., a wholly owned subsidiary for Merchant Banking, Twenty-First Century October, 2002 The Bank came out with Initial Public Offer (IPO), of 10 crores share of face value Rs.10 each, reducing Government shareholding to 71.16%, April, 2005 Follow on Public Offer (FPO) of 10 crores equity shares of face value Rs.10 each with a premium of Rs.72, reducing Government shareholding to 55.23%, June, 2006 The Bank Transcended beyond the National Boundary, opening Representative Office at Shenzen, China, Oct, 2006 Rolled out first Branch under CBS, now we have 18 CBS branches, February, 2007 The Bank opened its first overseas branch at Hong Kong, March 2007 Bank's business crossed Rs.1,00,000 crores mark. | |
| Banks > Nationalized Banks | |
| Aug 19, 2007 | |
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Corporation Bank
Established in the year 1906, Corporation Bank is an organisation based on the traditional Indian values of service to the community. Corp Bank is regarded as one of the well-run banks in the comity of Public Sector Banks in the country. The Bank has a unique history of 100 years of successful Banking and has stood the test of time by growing steadily, offering vast, varied and versatile services with a personal touch. Today, its good customer service, pre-eminent track record in House Keeping, adherence to Prudential Accounting norms, consistent profitability and adoption of modern technology for betterment of customer service have earned the Bank a place of pride in the Banking Community. The Bank has been richly endowed with a relatively young, dynamic and efficient manpower, which is the key factor of the Bank’s success. Excellence in performance and uniqueness in customer service form the central core of the Bank’s organisational culture. The growing confidence of its clientele is well reflected in the Bank’s performance in all critical areas of its operations all through the years.The Bank is a Public Sector Unit with 57.17% of Share Capital held by the Government of India. The Bank came out with its Initial Public Offer (IPO) in October 1997. The Bank’s Net Worth stood at Rs.3,765.45 crore as on 31.03.2007.Corporation Bank is the first Public Sector Bank to publish the results under US GAAP. The Bank has been publishing the results under the US GAAP since 1998-99. The net profit of the Bank and its subsidiaries under US GAAP for the year 2004-05 stood at Rs. 435.89 crore against consolidated net profit of Rs. 350.69 crore registered under Indian GAAP method -
Oriental Bank of Commerce
Established in Lahore on 19th February 1943, Oriental Bank of Commerce made a modest beginning under its Founding Father, Late Rai Bahadur Lala Sohan Lal, the first Chairman of the Bank.Within four years of coming into existence, the Bank had to face the holocaust of partition. Branches in the newly formed Pakistan had to be closed down and the Registered Office had to be shifted from Lahore to Amritsar. Late lala Karam Chand Thapar, the then Chairman of the Bank, in a unique gesture honoured the commitments made to the depositors from Pakistan and paid every rupee to its departing customers. The foundation of customer service thus laid has ever since remained Oriental Bank's prime philosophy and has been nurtured well as a legacy by all its successors, year after year. Projects - A Handful of SuccessThe Bank has launched yet another people's participation in the planning process at grass root level essentially to tackle the maladies of poverty. The Grameen Projects venture aims to alleviate poverty plus identify the reasons responsible for the failure or success. -
HDFC Bank
The Housing Development Finance Corporation Limited (HDFC) was amongst the first to receive an 'in principle' approval from the Reserve Bank of India (RBI) to set up a bank in the private sector, as part of the RBI's liberalisation of the Indian Banking Industry in 1994. The bank was incorporated in August 1994 in the name of 'HDFC Bank Limited', with its registered office in Mumbai, India. HDFC Bank commenced operations as a Scheduled Commercial Bank in January 1995. Promoter Business Focus Capital Structure TimesBank Amalgamation Distribution Network Management Technology Businesses Ratings -
SIDBI
SIDBI was established on April 2, 1990. The Charter establishing it, The Small Industries Development Bank of India Act, 1989 envisaged SIDBI to be "the principal financial institution for the promotion, financing and development of industry in the small scale sector and to co-ordinate the functions of the institutions engaged in the promotion and financing or developing industry in the small scale sector and for matters connected therewith or incidental thereto. -
Canara Bank
Consistent with its philanthropic roots and genuine concerns for the needy, Bank has taken several initiatives including the following : KPJ Prabhu Artisans Training, Production & Marketing Centre at Jogaradoddi, Bidadi, Bangalore Rural District and C E Kamath Institute for Rural Artisans at Karkala provide training for artisans in wood carving, stone carving, sheet metal embossing and terra cotta and marketing their products Rural Women Self Employment Training Institute at Harohalli, Mahila Abhyudaya Yojana Gramina Mahila Jagruthi Kendras Centre for Entrepreneurship Development for Women provide counselling, guidance & training to make women self-reliant. A D Pai Institute for Rural Development at Vajrahalli and Rural Self Employment Promotion and Resource Guidance Centre at Holalur , Shimoga District provide training to rural youths for self employment. Rural Clinic Service and Mahila Shushrusha Yojana provide medical facilities in remote and backward villages and provide incentives to doctors to set up clinics in such areas. Cangrama Shikshana Kendra Adult education centres, Canara Bank Golden Jubilee Education Fund provide adult literacy and assist student fraternity by providing books, equipments, sponsoring libraries etc. Grama Jala YojanaAdarsha Grama Project & Jalayoga Scheme provide safe drinking water facility in backward villages. Hari Kalyana Yojana, Tribal Counselling Centres, Dr.Ambedkar Self-Employment Training Institute at Pudupudur and Subba Rao Pai Self-Employment Training Institute at Wandoor train SC/ST and minority youths to take up self-employment training. Rural Development and Self Employment Training Institutes and Rural Resource Development Centres provide training in adopting appropriate technology. Computer Training Centre for Urban Poor at Bangalore trains urban poor in the IT field and computers. Kalagrama - An art village, a complex of 18 houses (at K.P.J. Prabhu Artisans Training, Production & Marketing Centre, Jogaradoddi) has been set-up to assist the artisans who have undergone training in traditional arts to pursue and practice art for mutual learning and benefit. Canara Bank Institute of Information Technology (CBIIT), Alleppy has been set-up with an objective of imparting training to the rural youth of South Kerala in the field of Information Technology. The training is offered free of cost and backed up by post training follow-up to ensure credit linkage and settlement. Canara Bank Institute of Information Technology (CBIIT), Thiruvananthapuram has been set-up with an objective of imparting training in the field of Information Technology to the unemployed youth of Thiruvananthapuram and nearby districts. The training is offered free of cost in computer packages with emphasis on self-employment/wage employment in the IT field.
