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Old 17th May 2016, 04:53 PM
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Default Nainital Bank Subsidiary of Bank of Baroda

Hi I would like to have the information about the Nainital Bank as well as know the details of the Bank of Baroda’s buying the state in the bank?
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Old 17th May 2016, 05:37 PM
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Default Re: Nainital Bank Subsidiary of Bank of Baroda

The Nainital Bank Limited (NTB) (known as Nainital Bank)is a booked business bank established in 1922. The bank is a backup of Bank of Baroda, the second biggest bank in India. The bank has extended to Uttar Pradesh and Uttarakhand, and has more than 130 branches in Rajasthan, Delhi and Haryana. It has a net business of ₹55 billion (US$820 million) (2012), and is recorded as a booked bank by the Reserve Bank of India.

Nainital Bank was established by Govind Ballabh Pant. In 1975, the administration claimed Bank of Baroda (BOB), the second biggest bank in India, gained a 98.6% stake in the bank and made it a backup.

Branch Locations

The Nainital Bank Limited has 123 branches quickly in the accompanying Indian states.

Uttarakhand
Uttar Pradesh
Delhi
Rajasthan
Haryana

All the branches of the Bank are working in CBS stage. Bank is likewise giving RTGS, NEFT, SMS Alerts, ATM Card bearing RuPay and Mobile Banking offices to its clients.

The aggregate business of the Bank was Rs. 7,941 crore as on 31st March, 2015.

Net NPA as rate to Net Advances is at 0.00% (Zero level).

Nainital Bank is a client driven bank and gives speedy and customized administrations to its clients in most recent mechanical environment.
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