Related Research Articles
A corporation is an organization—usually a group of people or a company—authorized by the state to act as a single entity and recognized as such in law for certain purposes. Early incorporated entities were established by charter. Most jurisdictions now allow the creation of new corporations through registration. Corporations come in many different types but are usually divided by the law of the jurisdiction where they are chartered based on two aspects: whether they can issue stock, or whether they are formed to make a profit. Depending on the number of owners, a corporation can be classified as aggregate or sole.
State Bank of India (SBI) is an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra. SBI is the 45th largest bank in the world by total assets and ranked 221st in the Fortune Global 500 list of the world's biggest corporations of 2020, being the only Indian bank on the list. It is a public sector bank and the largest bank in India with a 23% market share by assets and a 25% share of the total loan and deposits market. It is also the tenth largest employer in India with nearly 250,000 employees. In 2023, the company’s seat in Forbes Global 2000 was 77.
Punjab National Bank is an Indian government public sector bank based in New Delhi. It was founded in May 1894 and is the second-largest public sector bank in India in terms of its business volumes, with over 180 million customers, 12,248 branches, and 13,000+ ATMs.
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly emerging market; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities.
Bank of India (BoI) is an Indian public sector bank headquartered in Bandra Kurla Complex, Mumbai. Founded in 1906, it has been government-owned since nationalisation in 1969. BoI is a founding member of SWIFT, which facilitates provision of cost-effective financial processing and communication services.
Indian Overseas Bank (IOB) is an Indian public sector bank based in Chennai. During the nationalisation, IOB was one of the 14 major banks taken over by the government of India. On 5 December 2021, IOB got Degidhan Award 2020–21 by Ministry of Electronics & Information Technology for achieving second highest percentage of digital payment transaction among public sector banks. As on 31 March 2022, IOB's total business stands at ₹417,960 crore (US$52 billion). It has about 3,220 domestic branches, 2 DBUs about 4 foreign branches and representative office. Founded in February 1937 by M. Ct. M. Chidambaram Chettyar with twin objectives of specializing in FOREX and overseas banking.
Lloyds Bank plc is a British retail and commercial bank with branches across England and Wales. It has traditionally been considered one of the "Big Four" clearing banks. Lloyds Bank is the largest retail bank in Britain, and has an extensive network of branches and ATMs in England and Wales and offers 24-hour telephone and online banking services.
Harshad Shantilal Mehta was an Indian stockbroker and a convicted fraudster. Mehta's involvement in the 1992 Indian securities scam made him infamous as a market manipulator.
Oversea-Chinese Banking Corporation Limited, abbreviated as OCBC, is a Singaporean multinational banking and financial services corporation headquartered at the OCBC Centre.
Ketan Parekh is a former stockbroker from Mumbai, who was convicted in 2008 for involvement in the Indian stock market manipulation scam that occurred from late 1998 to 2001. During this period, Parekh artificially rigged prices of certain chosen securities, using large sums of money borrowed from banks including the Madhavpura Mercantile Co-operative Bank, of which he himself was a director.
Thalikkottai Rajuthevar Baalu, better known as T. R. Baalu, is an Indian politician. He is currently the MP of Lok Sabha of the Sriperumbudur constituency, elected five times since 1996 from Chennai South and Sriperumbudur. He is a leader of the DMK party and is known for his political loyalty, having been in the party since 1957. He is now the Treasurer of DMK, elected unopposed on 3 September 2020. He earlier served as the Principal Secretary of the DMK Party from August 2018 to January 2020.
United Bank Limited (UBL) (یونائیٹڈ بینک لمیٹڈ) is a Pakistani multinational commercial bank which is based in Karachi, Pakistan.
The IDBI Bank Limited is a Scheduled Commercial Bank under the ownership of Life Insurance Corporation of India (LIC) and Government of India. It was established by Government of India as a wholly owned subsidiary of Reserve Bank of India in 1964 as Industrial Development Bank of India, a Development Finance Institution, which provided financial services to industrial sector. In 2005, the institution was merged with its subsidiary commercial division, IDBI Bank, and was categorised as "Other Development Finance Institution" category. Later in March 2019, Government of India asked LIC to infuse capital in the bank due to high NPA and capital adequacy issues and also asked LIC to manage the bank to meet the regulatory norms. Consequent upon LIC acquiring 51% of the total paid-up equity share capital, the bank was categorised as a 'Private Sector Bank' for regulatory purposes by Reserve Bank of India with effect from January 21, 2019. IDBI was put under Prompt Corrective Action of the Reserve Bank of India and on 10 March 2021 IDBI came out of the same. At present direct and indirect shareholding of Government of India in IDBI Bank is approximately 95%, which Government of India (GoI) vide its communication F.No. 8/2/2019-BO-II dated December 17, 2019, has clarified and directed all Central/State Government departments to consider IDBI Bank for allocation of Government Business. Many national institutes find their roots in IDBI like SIDBI, EXIM, National Stock Exchange of India, SEBI, National Securities Depository Limited. Presently, IDBI Bank is one of the largest Commercial Banks in India.
State Bank of Mauritius (SBM), is a bank in Mauritius that the Bank of Mauritius, the national banking regulator, has licensed as a commercial bank.
Surendrajeet Singh Ahluwalia is an Indian politician of the Bharatiya Janata Party (BJP), and a senior Member of Parliament in his 32nd year as a Parliamentarian.
P. C. Chacko is a former Member of Parliament from Thrissur Lok Sabha seat in Kerala. He is a former member of the Indian National Congress. Chacko resigned from Indian National Congress on 10 March 2021, stating that it had become difficult to be a congress leader in Kerala. P.C. Chacko is the first president of Thiruvananthapuram District committee of Kerala Students Union. He was the State president of Indian youth Congress from 1970 to 1973 and held the post of national General secretary of Indian youth Congress during 1973 - 1975. He became the general secretary of KPCC in 1975 and continued till 1979. He was elected to the Kerala Assembly in 1980 from Piravom constituency and during 1980- 81 he served as Minister for Industries in the state cabinet. He was elected to Loksabha in 1991 from Thrissur, in 1996 from Mukundapuram, in 1998 from Idukki and in 2009 again from Thrissur. On 2021 March 16 he joined Nationalist Congress Party, which is an ally of LDF in Kerala. He was appointed President of the Kerala State Unit of Nationalist Congress Party by the National President Sri. Sharad Pawar on 19 May 2021.
Joint Parliamentary Committee (JPC) is one type of ad hoc Parliamentary committee constituted by the Indian parliament.
The 2G spectrum case was a political controversy in which politicians and private officials of the United Progressive Alliance (UPA) coalition government India were allegedly involved in selling or allotting 122 2G spectrum licenses on conditions that provided an advantage to specific telecom operators. A. Raja, then Telecom Minister, was accused of selling 2G spectrum licenses at a very low cost which resulted in the loss of ₹1,760 billion in government revenue. Raja was also accused of not following rules and regulations as well as not recognizing any advice from the Ministries of Finance and Law and Justice of India while allotting 2G spectrum licenses to telecom operators. Series of allegations were made on allotting 2G spectrum licenses including allegations from Central Bureau of Investigation after investigating the case alleging Raja for intentionally advancing the cut-off date to favour some specific firms, which were allegedly ineligible for applying for telecom licenses, in return for bribes.
Trust Bank (India)' (GTB) was founded on 21 October 1994 and commenced operations at Secunderabad. Its founders included Ramesh Gelli, Sridar Subasri, and Jayant Madhob, among others. The bank introduced a number of technology-based innovations and responsive service.
The 1992 Indian stock market scam was a market manipulation carried out by Harshad Shantilal Mehta with other bankers and politicians on the Bombay Stock Exchange. The scam caused significant disruption to the stock market of India, defrauding investors of over ten million USD.
References
- 1 2 3 Krishnan, Harihara (2017). Banking India, Accepting Deposits for the Purpose of Lending.
- ↑ Know Them: One answer to many questions - Page 14, by Akhila E K, 2017.
- ↑ Statistical Tables Relating to Banks in India - Page 78, by The Reserve Bank of India, 1978.
- ↑ Malayalam Literary Survey - Volume 22 - Page 29.
- ↑ Action Taken Report on the Report of the Joint Parliamentary Committee on Stock Market Scam and Matters Relating Thereto, by the Indian Government and JPC, 2003.
- ↑ "Nedungadi shareholders not so lucky". The Telegraph India. 16 November 2002. Retrieved 27 May 2024.
  | This bank and insurance-related article is a stub. You can help Wikipedia by expanding it. |