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This is a list of banks which are considered to be Scheduled Banks under the second schedule of RBI Act, 1934. [1] [2]At end-March 2024, India’s commercial banking sector consisted of 12 public sector banks (PSBs), 21 private sector banks (PVBs), 45 foreign banks (FBs), 12 SFBs, six PBs, 43 RRBs, and two LABs.
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
A 60% stake was taken by the Reserve Bank of India and the new bank was named State Bank of India. The seven other state banks became subsidiaries of the new bank in 1959 when the State Bank of India (Subsidiary Banks) Act, 1959 was passed by the Union government. [1]
SBM Bank India is a subsidiary of the State Bank of Mauritius. It was the first bank to receive a banking license from the India's banking regulator Reserve Bank of India (RBI) to establish a universal banking business in the country as a wholly owned subsidiary .
The constituents of Urban Agglomerations in the Punjab, with a population of 1 lakh or above, are noted below: [7] Amritsar Urban Agglomeration includes Amritsar (M Corp.), Nangli (CT), Mudal (CT), Bara Khankot Doburjee (OG), Village Mule Chak (OG), Abadi Baba Darshan Singh on Ram Tirath Road (OG), Abadi Baba Jiwan Singh on Ram Tirath Road (OG), Abadi along Khairabad on Ram Tirath Road to ...
This is a list of the most populous cities in India. Cities are a type of sub-administrative unit and are defined by the Ministry of Home Affairs. In some cases, cities are bifurcated into municipalities, which can lead to cities being included within other cities. This list is based on the Census of India using data from the 2001 census of India and the 2011 census of India. Map class ...
Ludhiana (Punjabi: [lʊ́d̪ɪˈäːɳäː]) is the most populous city in the Indian state of Punjab. [9] The city has an estimated population of 1,618,879 as of the [update] 2011 census and distributed over 310 km 2 (120 sq mi), [ 6 ] making Ludhiana the most densely populated urban centre in the state. [ 10 ]
The oldest bank in India is The Madras Bank (1683), followed by the Bank of Bombay, founded in 1720, which is then followed by the Bank of Hindustan, founded in 1770. Imperial Bank of India was succeeded by State Bank of India in 1955 and State Bank of Pakistan in 1948 respectively whose origins can be traced back to the Bank of Calcutta. It ...