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DBS has been present in India for 30 years, opening its first office in Mumbai in 1994. DBS Bank India Limited is the first among the large foreign banks in India to start operating as a wholly-owned, locally incorporated subsidiary of a leading global bank.
Tamilnad Mercantile Bank was the first private sector bank in India to introduce computerisation for branch-level operations. The bank adopted modernization as early in the year 1983. Today all 509 branches of the bank are networked using Infosys's "FINACLE" Software and have achieved 100% connectivity. [16]
In 2005, DBS Bank acquired a 37.5% stake in Cholamandalam Investment and Finance Company, with the Murugappa Group lowering its stake to 37.5%. The company was subsequently renamed as Cholamandalam DBS Finance. [7] In 2010, DBS Bank sold its entire stake back to Murugappa Group and exited the joint venture. [8]
In June 2004, the QFB licence was further liberalised. QFBs are permitted to establish up to 25 service locations of which up to 10 can be branches from 1 January 2005. These banks were permitted to share their ATM networks (this was achieved with five of the QFBs through atm 5), and provide services via the EFTPOS network from 1 July 2002. On ...
Lakshmi Vilas Bank was an Indian private sector bank established in 1926 in Karur, Tamil Nadu.As of November 2020, the bank had 566 branches in 19 states and 1 union territory. [4]
2006 – 07 Net Profit reached INR 1000 Cr.(US$229.78 Mn) [1USD= Rs. 43.5200] Bharat Overseas Bank Ltd. Was merged with IOB and First Offsite ATM at Kamatchi Hospital, Chennai; 2009 – 100% CBS; 2010 – 2000th Branch -Yamuna Vihar, New Delhi-opened; 2011-12 – No. of Branches in Tamil Nadu reached 1000, and IOB celebrated Platinum Jubilee ...
By 1976, POSB had one million depositors, while deposits crossed the S$1 billion mark. In 1980, it introduced the Passcard, and set-up the Principal Branch. In 1981, its first Cash-On-Line ATM opened at the Newton Branch. In 1982, it was announced that the bank will introduce branches served by only ATMs, reducing manpower needs. [12] [13]
This is a list of areas and neighbourhoods in Chennai by region. The city, spanning an area of 1,189 square kilometres (459 sq mi), is divided on the basis of composition into four major parts: Central, North, South and West.