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IndusInd Bank Limited is an Indian banking and financial services company with its headquarters in Mumbai, Maharashtra. [7] It was inaugurated in April 1994 by then Union Finance Minister Manmohan Singh .
Hinduja Group is an Indian conglomerate. [2] The group is present in eleven sectors including automotive, oil and specialty chemicals, banking and finance, IT and ITeS, cyber security, healthcare, trading, infrastructure project development, media and entertainment, power, and real estate.
Romesh Sobti is an Indian banker. [1] He was the CEO and MD of IndusInd Bank from 2008 to 2020, [2] [3] and of ABN AMRO Bank for the previous 12 years. [4]In 2013, The Sunday Standard presented Sobti the award for Best Banker – Growth, Mid-Sized.
Cosimo de' Medici, Florentine banker, who established his family, the Medici dynasty, as effective rulers of Florence Jakob Fugger, of the Fugger family Bindo Altoviti, famous patron of the arts, papal banker and grandnephew of Pope Innocent VIII Johann Hinrich Gossler (1738–90), of the Berenberg-Gossler family Philippine Welser, a member of the patrician Welser banking family, and the wife ...
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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.
The Reserve Bank of India approved his appointment for a period of three years, effective from December 19, 2018. [21] The bank transformed from infrastructure financing to retail banking in four years since the merger. Its CASA ratio increased from 8.6% to 49.77% and retail deposits went from 27% to 76% of total deposits, as of March 2023.
2020: - 1 April 2022, Indian Bank and Allahabad Bank merged. The oldest Joints Stock Bank in the country, Allahabad Bank, was founded on April 24 18,5 by a group of Europeans at Allahabad, at a juncture when organized industries, trade and banking were taking shape in India. Thus, the history of the bank now spreads over three centuries.