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The Indian Financial System Code (IFS Code or IFSC) is an alphanumeric code that facilitates electronic funds transfer in India. A code uniquely identifies each bank branch participating in the three main Payment and settlement systems in India: the National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS) and Immediate Payment Service (IMPS) systems.
13.68% (2018-19)[1] Andhra Bank was a medium-sized public sector bank (PSB) of India, with a network of 2885 branches, 4 extension counters, 38 satellite offices and 3798 automated teller machines (ATMs) as of 31 March 2019. [2] During 2011–12, the bank entered the states of Tripura and Himachal Pradesh. It operated in 25 states and three ...
The International Financial Services Centres Authority (IFSCA) is the regulatory body for the Indian special economic zones such as the GIFT International Financial Services Centre for International Financial Services and commodity markets under the ownership of the Government of India. [ 3 ] It was established in 2020, under the International ...
Union Bank of India, commonly referred to as Union Bank , is an Indian public sector bank headquartered in Mumbai. It has 153+ million customers and a total business of Rs.21,36,405 crores as of June 30 2024 . [7] After the merging with Corporation Bank and Andhra Bank, which came into effect on 1 April 2020, the merged entity became one of the ...
Bank of America Private Bank (formerly U.S. Trust) was founded in 1853 as the United States Trust Company of New York. [1] It operated independently until 2000, when it was acquired by Charles Schwab, and Co. [2] and subsequently sold to, and became a subsidiary of, Bank of America in 2007. [3] Bank of America Private Bank provides investment ...
The proposed merger would make Union Bank of India the fifth largest public sector bank in the country with assets of ₹ 14.59 lakh crore (US$170 billion) and 9,609 branches. [9] [10] The Board of Directors of Andhra Bank approved the merger on 13 September. [11] [12] The Union Cabinet approved the merger on 4 March, and it was completed on 1 ...
16.13% [2] Website. federalbank.co.in. Federal Bank Limited is an Indian private sector bank headquartered in Aluva, Kerala. The Bank has 1504+ banking outlets and, 2015+ ATMs/ CDMS spread across different states in India and overseas representative offices at Abu Dhabi and Dubai. [2]
Syndicate Bank was founded in 1925 in Manipal, Udupi, Madras Presidency, British India. The promoters came from a lower-middle-class background and aimed to improve the socioeconomic status of the region. It was the only Indian bank with its headquarters in a rural area. The bank provided employment opportunities to the educated members of the ...