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1994 - India fund Management Limited was established to manage the operations of Indian Bank Mutual Fund 2006-07 - The bank entered into a strategic alliance with Oriental Bank of Commerce and Corporation Bank 2012: Scheme of Amalgamation of M/s India Fund Management Limited, a wholly owned subsidiary of the bank with Indian Bank.
The minimum age for opening a bank account is most commonly 18 years. However, in some countries, the minimum age to open a bank account can be 16 years, and accounts may be opened in the name of minors but operated by their parent or guardian. In general, it is unlawful to open an account in a false name.
Yono Lite is a mobile banking application from the State Bank of India. [ 7 ] [ 8 ] Earlier, it was available as "SBI Anywhere Personal" but it was rebranded as "Yono Lite" in 2018, after the introduction of YONO app. [ 9 ] In 2021, Yono Lite saw several updates to protect its users from digital frauds.
How To Open a Bank Account Online: Step-by-Step. Here are the steps to follow. 1. Research Banking Options. Before starting the application process, consider the features you want in your new ...
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On 30 August 2019, Finance Minister announced that Allahabad Bank would be merged with Indian Bank. The proposal would create the seventh largest PSB in the country with assets of ₹ 8.08 lakh crore (US$95 billion). [66] [54] The Union Cabinet approved the merger on 4 March 2020. Indian Bank assumed control of Allahabad Bank on 1 April 2020. [57]
Allahabad Bank was an Indian nationalised bank with its headquarters in Kolkata, India. [2] Founded in Allahabad in 1865 and nationalized by the government of India in 1969, the bank provided banking and financial services for 155 years until it was merged with Indian Bank in 2020. It was the oldest still running joint stock bank in India until ...
The Indian Banks' Association (IBA) is an unregistered, voluntary association of like-minded banks and individuals. [1] It lacks statutory recognition or legal incorporation. Established on September 26, 1946, initially comprising private banks, it later expanded its membership.