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IndusInd Bank has participated in various sports-related initiatives through its non-banking division, IndusInd For Sports. In August 2024, the bank formed a partnership with the Paralympic Committee of India to serve as the Official Banking Partner for the Paris 2024 Paralympic Games, which were held from August 28 to September 8 in Paris ...
Online banking, also known as internet banking, virtual banking, web banking or home banking, is a system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website or mobile app. Since the early 2010s, this has become the most common way that ...
The idea to establish a bank for the Nadar business community was first proposed at the annual meeting of the Nadar Mahajana Sangam held at Thoothukudi in 1920. The bank was originally registered on 11 May 1921, as Nadar Bank Limited, under the Indian Companies Act, 1913. M. V. Shanmugavel Nadar was elected as the first chairman on 4 November 1921.
State Bank of India (SBI) is an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra.It is the 48th largest bank in the world by total assets and ranked 178th in the Fortune Global 500 list of the world's biggest corporations of 2024, being the only Indian bank on the list. [11]
With an initial membership of 22 banks in India in 1946, IBA currently represents 247 banking companies operating in India. IBA was formed for the development, coordination, and strengthening of Indian banking and to assist the member banks in various ways, including the implementation of new systems and the adoption of standards among the members.
Modern banking in India originated in the mid of 18th century. Among the first banks were the Bank of Hindustan , which was established in 1770 and liquidated in 1829–32; and the General Bank of India , established in 1786 but failed in 1791.
On 4 April 2022, HDFC Ltd announced that it would merge with HDFC Bank, marking India's largest-ever M&A deal. [23] [24] As part of the merger, HDFC Ltd would transfer its home loan portfolio to HDFC Bank, while the bank offered depositors of HDFC Ltd the choice of either withdrawing their money or renewing their deposits with the bank at the interest rate that the bank was then offering.
As on 31 March 2022, IOB's total business stands at ₹ 417,960 crore (US$48 billion). It has about 3,269 domestic branches, 2 DBUs ( Digital Banking Unit) 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.
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