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Indian Overseas Bank (IOB) is a major Indian government owned bank based in Chennai, India, with about 3,400 domestic branches, about 6 foreign branches and representative office. Founded in February 1937 by M. Ct. M. Chidambaram Chettyar with twin objectives of specialising in foreign exchange business and overseas banking, it has created various milestones in Indian Banking Sector. IOB was the first bank to venture into consumer credit by introducing a personal loan scheme. During nationalisation, IOB was one of the 14 major banks taken over by the Government of India.
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ICICI Bank Limited is a privately owned Indian development finance institution with its registered office in Vadodara, Gujarat, and corporate office in Mumbai, Maharashtra. It offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialised subsidiaries in the areas of investment banking, life, non-life insurance, venture capital and asset management. The bank has a network of 5,275 branches and 15,589 ATMs across India and has a presence in 17 countries.
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GoAir is an Indian low-cost airline based in Mumbai, Maharashtra. It is owned by the Indian business conglomerate Wadia Group. In October 2017 it was the fifth largest airline in India with an 8.4% passenger market share. It commenced operations in November 2005 and operates a fleet of Airbus A320 aircraft in all economy configuration. As of March 2020, the airline operates over 330 daily flights to 36 destinations, including 27 domestic and 9 international destinations, from its hubs at Mumbai, Delhi, Bangalore, Kolkata and Kannur.
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Syndicate Bank was one of the oldest and major commercial banks of India. It was founded by Upendra Ananth Pai, T. M. A. Pai and Vaman Srinivas Kudva. At the time of its establishment, the bank was known as Canara Industrial and Banking Syndicate Limited. The bank, along with 13 major commercial banks of India, was nationalised on 19 July 1969, by the Government of India. The Bank was headquartered in the university town of Manipal, India. On 1st April 2020, the bank was merged into Canara Bank.
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Andhra Bank was a medium-sized public sector bank (PSB) of India, with a network of 2885 branches, 4 extension counters, 38 satellite offices and 3798 automated teller machines (ATMs) as of 31 March 2019. During 2011–12, the bank entered the states of Tripura and Himachal Pradesh. The bank operated in 25 states and three Union Territories. Andhra Bank had its headquarters in Hyderabad, Telangana, India. As per the announcements made by Minister of Finance (India) in August 2019, Andhra Bank merged with Union Bank of India in April 2020.
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Bharat Financial Inclusion LimitedBFIL is a banking & finance company (NBFC), licensed by the Reserve Bank of India. It was founded in 1997 by Vikram Akula, who served as its executive chair until November 2011. The company's mission is to provide financial services to the poor under the premise that providing financial services to poor borrowers helps to alleviate poverty. In 2013, the company operated across 17 Indian states.
ING Vysya Bank was a privately owned Indian multinational bank based in Bangalore, with retail, wholesale, and private banking platforms formed from the 2002 purchase of an equity stake in Vysya Bank by the Dutch ING Group. This merger marked the first between an Indian bank and a foreign bank. Prior to this transaction, Vysya Bank had a seven-year-old strategic alliance and shareholding arrangement with erstwhile Belgian bank Banque Bruxelles Lambert, which was also acquired by ING Group in 1998.
Bharatiya Mahila Bank (BMB) is a fully owned subsidiary of State Bank of India based in Mumbai, India. Former Indian Prime Minister Manmohan Singh inaugurated the system on 19 November 2013 on the occasion of the 96th birth anniversary of former Indian Prime Minister Indira Gandhi. As part of the Modi government's banking reforms and to ensure greater banking outreach to women, the bank merged with State Bank of India on 1 April 2017.
Suvarna Sahakari Bank was a state government owned Indian co-operative bank based in Pune, Maharashtra, which operated from its incorporation in 1969 till its dissolution in 2009...
References
- ↑ "Banks: Consolidation the buzzword". Equitymaster. Rediff.com. 25 December 2004.
- ↑ "IOB, Bharat Overseas to merge". The Economic Times. 26 December 2005. Retrieved 20 December 2013.
