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  2. Syndicate Bank - Wikipedia

    en.wikipedia.org/wiki/Syndicate_Bank

    [16] [17] The Board of Directors of Canara Bank approved the merger on 13 September 2019. [18] [19] The Union Cabinet approved the merger on 4 March 2020. Canara Bank assumed control over Syndicate Bank on 1 April 2020 with Syndicate Bank shareholders receiving 158 equity shares in the former for every 1,000 shares they hold. [20]

  3. List of banks that have merged to form the State Bank of India

    en.wikipedia.org/wiki/List_of_banks_that_have...

    Rank Name of the Bank Year of Founding Year of Closing Fate Headquartered in References [1]; 1: The Madras Bank (1683) 1683: 1843: Merged with the Carnatic Bank, The British Bank of Madras (1795), and the Asiatic Bank to form the Bank of Madras in 1843

  4. Indian Financial System Code - Wikipedia

    en.wikipedia.org/wiki/Indian_Financial_System_Code

    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.

  5. Canara Bank - Wikipedia

    en.wikipedia.org/wiki/Canara_Bank

    On 30 August 2019, Finance Minister Nirmala Sitharaman announced that Syndicate Bank would be merged with Canara Bank. The proposed merger would create the fourth largest public sector bank in the country with total business of ₹ 15.20 lakh crore (US$180 billion) and 10,324 branches. [8] [9] The Board of Directors of Canara Bank approved the ...

  6. Public sector banks in India - Wikipedia

    en.wikipedia.org/wiki/Public_sector_banks_in_India

    The remaining subsidiaries, namely the State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore, and Bharatiya Mahila Bank were merged with State Bank of India with effect from 1 April 2017. Vijaya Bank and Dena Bank were merged into Bank of Baroda in 2018. [6]

  7. Regional rural bank - Wikipedia

    en.wikipedia.org/wiki/Regional_Rural_Bank

    A review of the RRBs in August 2009 by the Union Finance Minister revealed that a large number of RRBs had a low Capital to Risk weighted Assets Ratio (CRAR). A committee was constituted in September 2009 under the chairmanship of K C Chakrabarty, [4] the deputy governor of the Reserve Bank of India (RBI) to analyse the financials of the RRBs and suggest measures, including re-capitalisation ...

  8. State Bank of Indore - Wikipedia

    en.wikipedia.org/wiki/State_Bank_of_Indore

    State Bank of Indore (Indore Bank) was a government-owned Indian bank and the largest of State Bank of India's (SBI) six associate bank subsidiaries. In October 2009, the Government of India gave its in-principle approval to a merger between State Bank of India and State Bank of Indore. [1] On 15 July 2010 the Cabinet cleared the merger.

  9. State Bank of Mysore - Wikipedia

    en.wikipedia.org/wiki/State_Bank_of_Mysore

    Now the bank is an Associate Bank under State Bank Group and the State Bank of India holds 92.33% of shares. [5] The Bank's shares were listed in Bangalore, Chennai, and Mumbai stock exchanges. This bank had 976 branches and 10627 employees (June 2014) and the Bank has 772 branches (79%) in Karnataka State. [ 6 ]