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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 February 2003, Kotak Mahindra Finance received a banking licence from the Reserve Bank of India, becoming India's first non-banking finance company to be converted into a bank. Kotak Mahindra Finance was then renamed Kotak Mahindra Bank. [15] At the time, Uday Kotak had a 56% stake in the company while Anand Mahindra held a 5% stake. [16]
Uday Suresh Kotak (born 15 March 1959) is an Indian billionaire banker and founder of Kotak Mahindra Bank, where he is a non-executive director. [2] He resigned from his CEO position in September 2023. [ 3 ]
Jassian is a village in the Ludhiana district of the state of Punjab, India. It is located on the Northwest side of Jassian road and new elected sarpanch Harjeet Singh Cheema. The closest city to Jassian is the city of Ludhiana. [1] It currently has a population of about 2748.
It is situated on the Sangrur-Ludhiana State Highway (no. 11) and lies on the secondary Ludhiana-Delhi railway line. It is about 50 kilometres (31 mi) from Ludhiana and 35 kilometres (22 mi) from Sangrur. In 2021, the city along with some adjoining areas were carved out of Sangrur district to form the Malerkotla district. [3]
"Ludhiana–Bathinda Expressway" is an approved 75.543 km long ₹ 1,716.17 crore (US$200 million) standalone greenfield project. It begins from the Delhi–Amritsar–Katra Expressway at "Ballowal" village 10 km southwest of Ludhiana and end at the Rampura Phul near Bathinda on the "Amritsar–Bathinda Expressway" section of the larger "Amritsar–Jamnagar Expressway".
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It also has a railway station with trains to Chowkimann, 7 km (4.3 mi) away, and Ludhiana Junction, 19 km (12 mi) away. The closest airports are Chandigarh International Airport, located 134 km (83 mi) away, and Sri Guru Ram Dass Jee International Airport , 167 km (104 mi) away in the city of Amritsar .