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Awards & Recognition

Banking Partners

United Bank of India (UBI) is one of the 14 major banks which were nationalized on July 19, 1969. Its predecessor the United Bank of India Ltd., was formed in 1950 with the amalgamation of four banks viz. Comilla Banking Corporation Ltd. (1914), Bengal Central Bank Ltd. (1918), Comilla Union Bank Ltd. (1922) and Hooghly Bank Ltd. (1932) (which were established in the years indicated in brackets after the names). The origin of the Bank thus goes as far back as to 1914. As against 174 branches, Rs. 147 crores of deposits and Rs. 112 crores of advances at the time of nationalisation in July, 1969, today the Bank is 100% CBS enabled with more than 1600 branches and offices and is having a Total business of more than `1 lac crore. Presently the Bank is having a Three-tier organisational set-up consisting of the Head Office, 31 Regional Offices and the Branches.


Punjab National Bank is the third largest bank in India. It was registered on May 19, 1894 under the Indian Companies Act with its office in Anarkali Bazaar Lahore. Today, the Bank is the second largest state owned commercial bank in India with about 5000 branches across 764 cities. It serves over 37 million customers. The bank has been ranked 248th biggest bank in the world by the Bankers Almanac, London. The bank's total assets for financial year 2007 were about US$60 billion. PNB has a banking subsidiary in the UK, as well as branches in Hong Kong, Dubai and Kabul, and representative offices in Almaty, Dubai, Oslo, and Shanghai. Punjab National Bank is one of the Big Four banks of India, along with ICICI Bank, State Bank of India and HDFC Bank—its main competitors.


Andhra Bank was registered on 20 November 1923 and commenced business on 28 November 1923 with a paid up capital of Rs 1.00 lakh and an authorised capital of Rs 10.00 lakhs. Total Business of the Bank stood at Rs.1,47,682 crore in Dec’10, recording a Y-o-Y growth of 25.26% over Rs.1,17,899 crore in Dec’09. The Bank is rendering services through more than 1600 branches and the total staff employed with the bank exceeds 15,000. All Branches are 100% computerized and Real Time Gross Settlement (RTGS) Facility and National Electronic Fund Transfer (NEFT) facility has been introduced in almost all the Branches. To provide value-added services to Customers, the Bank has set up its own more than 2000 ATMs as on 31st March 2011.

 

Union Bank of India (UBI) was registered on 11 November 1919 as a limited company in Mumbai and was inaugurated by Mahatma Gandhi. After Independence UBI accelerated its growth and by the time the government nationalized it in 1969, it had grown to 240 branches in 28 states. UBI began its international expansion in 2007 with the opening of representative offices in Abu Dhabi, United Arab Emirates, and Shanghai, Peoples Republic of China. The next year, UBI established a branch in Hong Kong, its first branch outside India. In 2009, UBI opened a representative office in Sydney, Australia. Global Business of the Bank increased from 257619 cr. in March 2010 to 320442 cr. in March 2011, an increase of 24.39%.


Axis Bank was the first of the new private banks to have begun operations in 1994, after the Government of India allowed new private banks to be established. The Bank was promoted jointly by the Administrator of the specified undertaking of the Unit Trust of India (UTI - I), Life Insurance Corporation of India (LIC) and General Insurance Corporation of India (GIC) and other four PSU insurance companies, i.e. National Insurance Company Ltd., The New India Assurance Company Ltd., The Oriental Insurance Company Ltd. and United India Insurance Company Ltd. The Bank's Registered Office is at Ahmedabad and its Central Office is located at Mumbai. The Bank has a very wide network of more than 1281 branches (including 169 Service Branches/CPCs as on 31st March, 2011). The Bank has a network of over 6270 ATMs (as on 31st March, 2011) providing 24 hrs a day banking convenience to its customers.


Allahabad Bank is a nationalised bank with its headquarters in Kolkata, India. It is the oldest joint stock bank in India. On 24 April 2014, the bank entered into its 150th year of establishment. It was founded in Allahabad in 1865. Shri T.R Chawla is the senior most Executive Director of the bank. Shri Rakesh Sethi is the newly appointed Chairman & Managing Director of the bank. As of 31 March 2012, it had over 2,500 branches across India. The bank did a total business of INR 3.1 trillion during the FY 2012-13. The bank has a branch in Hong Kong and a representative office in Shenzen.The bank's market capitalisation in May 2013 was US$ 1.28 billion and it ranked #1466 on the Forbes Global 2000 list. In June 2006 the bank opened its first office outside India when it opened a representative office in Shenzen, Mainland China. In February 2007, Allahabad Bank opened its first overseas branch, in Hong Kong. In March, the bank's business crossed the ₹ 10 million million mark.


Uco Bank, formerly United Commercial Bank, established in 1943 in Kolkata, is one of the oldest and major commercial banks of India.During FY 2013-14, its total business was Rs 3340 billion. Based on 2014 data, it is ranked 1860 on Forbes Global 2000 List. The bank, along with 13 major commercial banks of India, was nationalised on 19 July 1969 by the Government of India.As of 6 January 2013 the bank had 2500 Service Units spread all over India, with two overseas branches each in Singapore and Hong Kong. The bank has 44 Zonal Offices spread all over India. UCO Bank's headquarters is on B.T.M. Sarani, Kolkata. Mr. Arun Kaul is currently the Chairman and Managing director of UCO Bank. As on 31 March 2012, government share-holding in the bank was 65.19 per cent. Branch expansion started at a fast pace, particularly in rural areas, and the bank achieved several unique distinctions in Priority Sector lending and other social uplift activities. The year 1985,the name 'United Commercial Bank' was changed into UCO BANK by an Act of Parliament. Over the years, UCO Bank been regarded as one of the well known and vibrant banks in the country.


HDFC Bank Limited is an Indian financial services company based in Mumbai, Maharashtra. It was incorporated in 1994.HDFC Bank is the fifth largest bank in India by assets. It is the largest bank in India by market capitalization as of 24 February 2014. As on Jan 2 2014, the market cap value of HDFC was around USD 26.88B, as compared to Credit Suisse Group with USD 47.63B.The bank was promoted by the Housing Development Finance Corporation, a premier housing finance company (set up in 1977) of India. As of 31 March 2013, the bank had assets of INR 4.08 trillion.For the fiscal year 2012-13, the bank has reported net profit of INR 69 billion, up 31% from the previous fiscal year.Its customer base stood at 28.7 million customers on 31 March 2013.HDFC was advised by premier Indian law firm AMSS on India's first issuance of NCD plus warrant issuancethrough the QIP.


The four RRBs sponsored by Syndicate Bank in the State of Karnataka were amalgamated to form the KARNATAKA VIKAS GRAMEENA BANK by a Government of India Notification dated 12/09/2005. The combined business level of this Bank was Rs.3263.73 Crores with Deposits of Rs.1620.46 Crores and Advances of Rs.1643.27 Crores as on 12/09/2005 The Banks have come a long way from those initial years and after amalgamation the Bank has a network of 448 branches cutting across the length and breadth of the nine districts forming its area of operation. Surmounting the initial problems of bringing about uniformity in the working of these Branches after amalgamation, the Bank was able to record a growth of 24% as on 31/03/2010 in comparison to the figures as on 31/03/2009. The Bank plans to achieve a business level of Rs 10000 Crores by the end of March 2011.


The Nainital Bank Limited (NBL) (known as Nainital Bank)is a private Indian bank, Based in Nainital, over the years, the bank has expanded to Uttar Pradesh and especially in Uttarakhand State, and has over 100 branches in Rajasthan, Delhi and Haryana states. In 1975 Government-owned Bank of Baroda (BOB), third largest bank in India, after the State Bank of India and the Punjab National Bank,acquired a majority stake (98.6%) and management control of the bank, and made it a subsidiary.Today, it has a net business of ₹55 billion (US$940 million) (2012), and is enlisted as a scheduled bank by the Reserve Bank of India. Nainital bank is associated with Bank of Baroda, HDFC Bank, LIC, National Insurance Company Limited etc.Currently, NBL has over 100 branches in Uttarakhand, Uttar Pradesh, Delhi, Haryana and Rajasthan.It also provide online facilities, apart from Personal Banking, Business Banking, Rural and Agricultural Banking. The Nainital Bank Limited is registered as scheduled commercial bank with Reserve Bank of India (RBI), the central bank of India.


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