Public Sector Banks in India:
Among the Public Sector Banks in India. United Bank of India is one of the 14 major banks which were nationalised on July 19. 1969. Its predecessor. in the Public Sector Banks. 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).
Oriental Bank of Commerce (OBC). a Government of India Undertaking offers Domestic. NRI and Com¬mercial banking services. OBC is implementing a GRAMEEN PROJECT in Dehradun District (Uttarkhand) and Hanumangarh District (Rajasthan) disbursing small loans. This Public Sector Bank in India has implemented 14 point action plan for strengthening of credit delivery to women and has designated 5 branches as specialized branches for women entrepreneurs.
The following are the list of Public Sector Banks in India :
• Allahabaq Bank
• Andhra Bank
• Bank of Baroda
• Bank of India
• Bank of Maharastra
• Canara Bank
• Central Bank of India
• Corporation Bank
• Dena Bank
• Indian Bank
• Indian Overseas Bank
• Oriental Bank of Commerce
• Punjab & Sind Bank
• Punjab National Bank
• Syndicate Bank
• UCD Bank
• Union Bank of India
• United Bank of India
• Vijaya Bank
List of State Bank of India and its subsidiary, a Public Sector Banks :
• State Bank of India
• State Bank of Bikaner & Jaipur
• State Bank of Hyderabad
• State Bank of Indore
• State Bank of Mysore
• State Bank of Saurashtra
• State Bank of Travancore
Private Sector Banks in India :
• Bank of Punjab
• Bank of Rajasthan
• Catholic Syrian Bank
• Centurion Bank
• City Union Bank
• Dhanalakshmi Bank
• Development Credit Bank
• Federal Bank
• HDFC Bank
• ICICI Bank
• IDBI Bank
• Indusind Bank
• ING Vysya Bank
• Jammu & Kashmir Bank
• Kamataka Bank
• Karur Vysya Bank
• Laxmi Vilas Bank
• South Indian Bank
• UTI Bank
• United Western Bank
Private banking in India was practised since the beginning of banking system in India. The first pri¬vate bank in India to be set up in Private Sector Banks in India was Indusind Bank. It is one of the fastest growing Private Sector Banks in India. IDBI ranks the tenth largest development bank in the world as Pri¬vate Banks in India and has promoted a world class institutions in India.
The first Private Bank in India to receive an in¬principle approval from the Reserve Bank of India was Housiag Development Finance Corporation Limited. to set up a bank in the private sector banks in India as part of the RBI's liberalisation of the Indian Bank¬ing Industry. It was incorporated in August 1994 as HDFC Bank Limited with registered office in Mumbai and commenced operations as Scheduled Commercial Bank in January 1995.
ING Vysya. yet another Private Bank of India was incorporated in the year 1930. Bangalore has a pride of place for having the first branch inception in the year 1934. With successive years of patronage and con¬stantly setting new standards in banking. ING Vysya Bank has many credits to its account.
• United Western Bank
Private banking in India was practised since the beginning of banking system in India. The first pri¬vate bank in India to be set up in Private Sector Banks in India was Indusind Bank. It is one of the fastest growing Private Sector Banks in India. IDBI ranks the tenth largest development bank in the world as Pri¬vate Banks in India and has promoted a world class institutions in India.
The first Private Bank in India to receive an in¬principle approval from the Reserve Bank of India was Housiag Development Finance Corporation Limited. to set up a bank in the private sector banks in India as part of the RBI's liberalisation of the Indian Bank¬ing Industry. It was incorporated in August 1994 as HDFC Bank Limited with registered office in Mumbai and commenced operations as Scheduled Commercial Bank in January 1995.
ING Vysya. yet another Private Bank of India was incorporated in the year 1930. Bangalore has a pride of place for having the first branch inception in the year 1934. With successive years of patronage and con¬stantly setting new standards in banking. ING Vysya Bank has many credits to its account.
