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Topic: Bank of India

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In the News (Tue 21 May 19)

  Bank of Baroda - India's International Bank - Global bank with a network of branches in India, and an international ...
Analysts' Meet for Banks' Financial Results for the year ended 31st March, 2008.
Media Meet for Banks' Financial Results for the year ended 31st March, 2008.
Bank of Baroda - UAE presents Retail Banking Shoppe.
www.bankofbaroda.com   (218 words)

  Reserve Bank of India - Banknotes
The quantum of bank notes that needs to be printed broadly depends on the annual increase in bank notes required for circulation purposes, replacement of soiled notes and reserve requirements.
Bank notes and coins can be obtained at any of the offices of the Reserve Bank and at all branches of banks maintaining currency chests and small coin depots.
All public sector bank branches and currency chest branches of private sector banks are authorised to adjudicate and pay value in respect of mutilated notes, in terms of the Reserve Bank of India (Note Refund) Rules, 1975.
www.rbi.org.in /currency/FAqs.html   (2397 words)

  State Bank of India - Wikipedia, the free encyclopedia
The roots to the State Bank of India are traceable to the first decade of 19th century, when the Bank of Calcutta, later renamed as the Bank of Bengal, was established on 2nd June 1806.
The Bank of Bengal and two other Presidency banks, namely, the Bank of Bombay (incorporated on 15 April 1840) and the Bank of Madras (incorporated on 1st July 1843) were amalgamated on 27th January 1921, and the reorganized banking entity was named the Imperial Bank of India.
The Reserve Bank of India, which is the central banking organization of India, in the year 1955, acquired a controlling interest in the Imperial Bank of India and the Imperial Bank of India was christened on 30th April 1955 as the State Bank of India.
en.wikipedia.org /wiki/State_Bank_of_India   (731 words)

 Reserve Bank of India: Facts and details from Encyclopedia Topic   (Site not responding. Last check: )
A central bank is an entity responsible for monetary policy of its country (or in the case of the eu, group of member countries)....
The central bank of china () is the central bank of the republic of china (on taiwan)....
The bank of slovenia is the bank of issue and the central bank of the republic of slovenia....
www.absoluteastronomy.com /encyclopedia/r/re/reserve_bank_of_india.htm   (953 words)

 Reserve Bank of India - Wikipedia, the free encyclopedia
The Reserve Bank of India (RBI) is the central bank of India, and was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934.
The Reserve Bank of India was set up on the recommendations of the Hilton Young Commission.
The commission submitted its report in the year 1926, though the bank was not set up for nine years.
en.wikipedia.org /wiki/Reserve_Bank_of_India   (352 words)

 Finance - India - Bank Savings - Fixed Deposit - webindia123.com
Bank fixed deposits are one of the most common savings scheme open to an average investor.
Some of the facilities offered by banks are overdraft (loan) facility on the amount deposited, premature withdrawal before maturity period (which involves a loss of interest) etc. Bank deposits are fairly safer because banks are subject to control of the Reserve Bank of India.
Bank deposits are fairly safe because banks are subject to control of the Reserve Bank of India (RBI) with regard to several policy and operational parameters.
www.webindia123.com /finance/bank/fix.htm   (698 words)

 Loan Scheme – Housing Loan, Education Loan, Personal Loan, Car Loan, Trade Loan, Cash Rental Loan from UBI.   (Site not responding. Last check: )
The property to be mortgaged to the bank has to be insured comprehensively with bank clause as per the scheme at the cost of the borrower.
The Bank has also arranged for providing life insurance cover to housing loan borrowers during the tenure of the loan with the maximum limit of Rs.100.00 lac which is optional.
United Bank of India has come out with a farmer friendly scheme entitled United Krishi Sahayak Yojana to provide tractor/power tiller loans to farmers possessing smaller land holdings at lower margin and lower rate of interest under a tie-up arrangement with a few tractor manufacturing companies.
www.unitedbankofindia.com /loan.htm   (5931 words)

 State Bank of India, SBI : Banknet India
State Bank of India is the successor to Imperial Bank of India.
The Banks of erstwhile princely states of India joined the State Bank Group as subsidiaries under the State Bank of India (Subsidiary Banks) Act 1959.
The Reserve Bank of India is the single largest shareholder of the Bank (with 59.73% stockholding followed by 14.1% NRI/FIIs, 11.8% financial institutions, 11.1% individuals and remaining with mutual funds and corporates).
www.banknetindia.com /banking/sbi.htm   (1139 words)

 Bank of India
The easiest way of opening an account would be to contact the nearest branch of Bank of India who would gladly assist in fulfilling the required formalities and opening an account.
Therefore, it is advisable to refer to a Bank of India branch for the ruling regulations and interest rate structure before remittance.
Bank of India and its personnel will not be responsible for any such change in rules and for any inadvertent omissions or factual inaccuracies.
www.bankofindia.com /home/faq/faqnri.asp   (1621 words)

 Reserve Bank Of india, Central Bank Of India, Functions Of RBI & Indian Banking System Maintained By Indian Finance ...   (Site not responding. Last check: )
Since commercial banks can always expect the Reserve Bank of India to come to their help in times of banking crisis the Reserve Bank becomes not only the banker's bank but also the lender of the last resort.
The Reserve Bank Act, 1934, and the Banking Regulation Act, 1949 have given the RBI wide powers of supervision and control over commercial and co-operative banks, relating to licensing and establishments, branch expansion, liquidity of their assets, management and methods of working, amalgamation, reconstruction, and liquidation.
The promotion of sound banking in India is an important goal of the RBI, the RBI has been given wide and drastic powers, under the Banking Regulation Act of 1949 - these powers relate to licencing of banks, branch expansion, liquidity of their assets, management and methods of working, inspection, amalgamation, reconstruction and liquidation.
finance.indiamart.com /investment_in_india/rbi.html   (1779 words)

 Central Bank of India - A Profile   (Site not responding. Last check: )
Established in 1911, Central Bank of India was the first Indian commercial bank which was wholly owned and managed by Indians.
The establishment of the Bank was the ultimate realisation of the dream of Sir Sorabji Pochkhanawala, founder of the Bank.
Among the Public Sector Banks, Central Bank of India can be truly described as an All India Bank, due to distribution of its large network in 27 out of 28 States as also in 4 out of 7 Union Territories in India.
www.centralbankofindia.co.in /home/profile   (513 words)

 Banks in India
Bank of India is a premier and one of the oldest commercial banks in India, with presence all over India as also in all time zones of the world.
The bank aims to serve all the banking and financial needs of its customers through multiple delivery channels, each of which is supported by state-of-the-art technology architecture.
Centurion Bank of Punjab was formed by the merger of Centurion Bank and Bank of Punjab.
www.qualisteam.com /Banks/Asia/India/index.html   (1064 words)

 India bank strike affects millions - Boston.com
Striking employees at India's largest commercial bank rejected a government appeal Friday to call off their walkout as tens of millions of people were left without access to cash.
NEW DELHI --Striking employees at India's largest commercial bank rejected a government appeal Friday to call off their walkout as tens of millions of people were left without access to cash.
Nearly all 210,000 employees of the state-owned State Bank of India went on an indefinite strike Monday demanding higher pensions.
www.boston.com /business/articles/2006/04/07/india_bank_strike_affects_millions   (316 words)

 domain-B : Indian business : finance : banks : Reserve Bank of India
Until the banks started adopting prudential norms relating to income recognition, asset classification, provisioning and capital adequacy, 26 out of the 27 public sector banks were reporting profits.
Earlier, the committee on banking sector reforms had identified a weak bank as one with accumulated losses and net non-performing assets exceeding the net worth of the bank or where operating profits less the income on recapitalisation bonds has been negative for three consecutive years.
The three weak banks should go for a voluntary retirement scheme for 25 per cent of their staff and if that fails to remove excess staff, they should go in for a 25 per cent wage cut across the board.
www.domainb.com /finance/banks/rbi/19991004_verma_recom.html   (1089 words)

 Finance - India - Bank Savings - Recurring Deposit - webindia123.com
Bank deposits are fairly safe because banks are subject to control of the Reserve Bank of India with regard to several policy and operational parameters.
Now most of the banks offer various facilities such as ATM card, credit card etc. Through debit/ATM card one can take money from any of the ATM centres of the particular bank which will be open 24 hours a day.
The introduction may be obtained either from an existing account holder or from a respectable citizen, well known to the bank, who should normally call on the bank and sign in the column specially provided for the purpose of introduction in the account opening form.
www.webindia123.com /finance/bank/sb.htm   (574 words)

 Tougher rules for bank lockers-India Business-NEWS-The Times of India   (Site not responding. Last check: )
Though the banks have no knowledge of the contents in the locker, the RBI has directed them to exercise due care and take necessary precaution for the protection of the lockers provided to the customer.
In a bid to ensure adherence to the KYC norms, the central bank has asked banks to categorise lockers unoperated between one and three years as high and medium risk and immediately contact the locker-hirers and ask them to either operate the lockers or surrender them even if the rents are being paid regularly.
Banks have also been asked to review the systems in force for operation of safe deposit vaults and lockers at their branches on an on-going basis and take necessary steps to strengthen them by identifying the loopholes in the procedures and take remedial action.
timesofindia.indiatimes.com /NEWS/India_Business/Tougher_rules_for_bank_lockers/articleshow/712381.cms   (416 words)

 The World Bank and India : Chapter 7
The original objectives of social forestry projects including those financed by the World Bank were to assist rural communities and landless people to meet their needs for fodder, fuel wood, small timber, fruits, and minor forest produce through community-planned and managed tree plantations and nurseries.
The World Bank project in Bastar was part of the trend to convert natural forests to commercial plantations so that the biomass produced could no longer benefit the original dwellers.
The forest dwellers are the victims, not the agents of deforestation—in Bastar in Central India, in Andaman and Nicobar Islands, in the North East and in the Himalayas.
www.ieo.org /world-c7-p1.html   (1151 words)

 BBC NEWS | Business | World Bank offers India $9bn loan
World Bank president Paul Wolfowitz is visiting India and said that the money would help sustain the growth needed to lift 250 million people out of poverty.
Although India is one of the world's fastest growing economies, millions of people live on less than $1 a day.
India's government has increased spending as it tries to tackle the problem, with nearly $40bn earmarked for rural development projects including improving access to water, electricity, phones and housing.
news.bbc.co.uk /1/hi/business/4170612.stm   (329 words)

 ZNet |South Asia | Reserve Bank of India and Globalization
The Reserve Bank of India (RBI) is, by its position as central bank, the guardian of country’s banking sector.
Banks are ready to finance the purchase of vehicles at relatively easy terms and in the months to come more and more automobile manufacturers are to place their cars in the market.
He is aware of the widespread belief that banks discriminate against agriculture and small and medium scale enterprises in the matter of quantum of credit and the rates of interest charged from them.
www.zmag.org /content/showarticle.cfm?SectionID=32&ItemID=9100   (1339 words)

 Reserve Bank of India Guidelines for Non-resident Indians
Banks holding authorised dealers' licences(i.e.banks authorised to deal in foreign exchange) or banks specially authorised in this behalf by Reverse Bank can only maintain accounts in the names of NRIs.Certain co-operative/commercial banks(referred to as authorised banks)have been specifically permitted to maintain accounts of NRIs expressed in rupees even though they are not authorised dealers.
No. Reserve Bank has granted general permission to non-resident individuals of Indian nationality/origin to invest by way of capital contribution in any proprietary or partnership concern in India on non-repatriation basis provided the investee concern is not engaged in any agricultural/ plantation activity or real estate business.
No. Reserve Bank has granted general permission to companies in India to enter the overseas addresses of the shareholders in their books in such cases provided the companies obtain undertakings from the holders that they will not seek repatriation of any income or sale proceeds of the security.
www.indiaventures.com /nri_bulletin.htm   (4791 words)

 Independent People's Tribunal on The World Bank in India
India, one of the World Bank's oldest members, joined the institution in 1944 and has cumulatively borrowed more money than any other single country.
The Independent People's Tribunal on the World Bank Group in India was the first People's Tribunal in India which brought together a broad spectrum of society to look at the damage caused by the World Bank to the country as a whole.
Groups are discussing state-wide Tribunals, the testimonies are being collected to publish in print and on the web, and Tribunals in other countries have already taken place.
www.worldbanktribunal.org   (239 words)

 Crocodile Bank Chennai India, Crocodile Bank Attractions,Attractions of Crocodile Bank In India   (Site not responding. Last check: )
The Chennai Crocodile Bank was established in 1976 by herpetologist Romulus Whitaker.
The bank also conducts research on turtles and monitor lizards, these are the crocodile's environmental partners, found in common habitats.
The nearest railway stations from the Crocodile bank are at Chengalpattu (29-km) and Chennai (42-km).
www.indiasite.com /tamilnadu/chennai/crocodilebank.html   (611 words)

 redhat.com | Solutions
Central Bank of India is one of the largest banks in India.
Sir Sorabji Pochkhanawala, founder of the Bank proudly declared on its establishment that Central Bank was the 'property of the nation and the country's asset.' The bank's customer base of 25 million is among the largest in the industry and it has 3115 branches spread across the vast geography of India.
The bank has a far-flung network that reaches remote parts of India; one of the bank's branches is located 12,000 feet above sea level.
www.redhat.com /solutions/info/casestudies/cbi.html   (1282 words)

 The Jammu and Kashmir Bank Limited - India   (Site not responding. Last check: )
The aggregate deposits of the bank witnessed an appreciable accretion of 14% to Rs.14,675 crores at the end of financial year 2002-03 against the previous year figure of Rs.12,911 crores.
The Investment portfolio of the Bank recorded an increase of 17.13% from Rs.5,753 crores to Rs.6,738 crores at the end of the March 2003.
The bank is in the process of setting up of its own Data center and it is likely to be commenced from June 2003, With that the bank shall be extending the internet bank services to its customers soon.
www.jkbank.net /news/337.html   (894 words)

 Stem cell bank in India
India's first private cord blood stem cell bank, 'Lifecell' has been launched in Chennai.
This blood is sent to a bank where it is processed and preserved by freezing them in liquid nitrogen at a temperature of  -195 degree celsius.
If the cord blood stem cell bank is of no use to such people and if organisations restrict their activities only to private citizens, what is the use of technology coming to India?" Dr Shanta asks.
inhome.rediff.com /money/2004/nov/20stem.htm   (1018 words)

 The Hindu : Business : Pension issue in State Bank of India
When these banks were amalgamated into Imperial Bank of India in 1921 through a special Act by the British rulers, the Imperial Bank of India Pension & Guarantee Fund was constituted for the purpose of payment of pension to their employees on their retirement.
As per Section 50 of the State Bank of India Act, any regulation in connection with the establishment and maintenance of the fund for the benefit of the employees has to be framed with prior approval of the Reserve Bank of India and the Central Government.
Quite in contrast to the situation obtaining in State Bank of India, a pension scheme was for the first time introduced in the banking industry in 1993 in lieu of Contributory Provident Fund with retrospective effect from January 1, 1986.
www.hindu.com /biz/2006/04/10/stories/2006041000121600.htm   (978 words)

 Standard Chartered Bank India | Recruitment
Standard Chartered Bank first opened its doors to the public in India on 12 April 1858, when the Chartered Bank of India, Australia and China (incorporated in 1853) inaugurated its first branch in Kolkata.
The merger with the Standard Bank of British South Africa in 1969 and the acquisition of Grindlays Bank in 2000 were two key events that have played an important role in making the Bank the largest international bank in India.
After nearly 150 years of service to India, Standard Chartered Bank continues to be committed to the country and optimistic of positively contributing to the Indian Financial Sector.
www.standardchartered.com /in/career/bank/bank_home.html   (747 words)

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