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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.
In December 2015 the first International Financial Services Centre (IFSC) in India was set up in Gujarat International Finance Tec-City (GIFT City). [5] In 2019 the Government of India enacted an Act of Parliament called the International Financial Services Centres Authority Act, 2019. [6] [7] [5]
Since 2007 the bank's total assets have increased from $33 million to $316 million. [12] In 2007, the bank held $229,000 in deposits from states and political subdivisions, but as of June 30, 2014 it held $49 million, or 20% of total deposits. [13] Pan American Bank & Trust acquired the $49 million Bank of Palatine in September 2014. [14]
Pan Asia Banking Corporation PLC is a public limited company incorporated in Sri Lanka.The bank currently has 85 branches across Sri Lanka. A public limited liability company incorporated in Sri Lanka on 6 March 1995 under the Companies Act No. 17 of 1982 and re-registered under the Companies Act No.07 of 2007.
In addition to being the second bank to fail in 2024, the failure of The First National Bank of Lindsay marks the seventh time a federally-insured bank has failed going back to 2021.
The average age of bank employees on the same date was 39 years. [34] The bank reported the business of ₹ 11.65 crore (US$1.4 million) per employee and net profit of ₹ 8.06 lakh (US$9,700) per employee during the FY 2012–13. [12] The company incurred ₹ 5,751 crore (US$690 million) towards employee benefit expenses during the same ...
Bank name Established Headquarters Branches Total assets Revenues Refs Axis Bank: 1993: Mumbai, Maharashtra: 5,377 ₹ 1,518,238 crore (US$180 billion) ₹ 106,155 crore (US$13 billion) [24]
Panic of 1819, a U.S. recession with bank failures; culmination of U.S.'s first boom-to-bust economic cycle; Panic of 1825, a pervasive British recession in which many banks failed, nearly including the Bank of England; Panic of 1837, a U.S. recession with bank failures, followed by a 5-year depression; Panic of 1847, United Kingdom