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TNSC Bank is India's first state cooperative bank. TNSC Bank received a license of the Reserve Bank of India to offer banking services. [5] TNSC Bank is a Scheduled Co-operative Bank, listed under the Second Schedule of RBI Act. TNSC Bank is a member of the Deposit Insurance and Credit Guarantee Corporation (DICGC) and is an insured
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
The bank is jointly owned by the central and state governments and sponsored by the Indian Bank. It is under the ownership of the Ministry of Finance , Government of India . Tamil Nadu Grama Bank was formed on 1 April 2019 by the amalgamation of the erstwhile Pallavan Grama Bank and Pandyan Grama Bank, as per GOI Gazette Notification No. 363 ...
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 ] The next major government intervention in banking took place on 19 July 1969 when the Indira government nationalised an additional 14 major banks.
City Union Bank: 1904 Phoenix Mills: 1905 Tamil Nadu State Cooperative Bank (TNSC Bank) 1905 Aurora Film Corporation: 1906 Bank of India: 1906 Canara Bank: 1906 Cosmos Co-operative Bank Ltd: 1906 Hamdard India: 1906 Khoday Group: 1906 National Insurance Company: 1906 Shamrao Vithal Co-operative Bank: 1906 Alembic Group: 1907 Alembic ...
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Tamil Nadu Government Organisations are the commercial and non-commercial establishments in the Indian state of Tamil Nadu by Government of Tamil Nadu.This includes the state-run PSUs, Statutory corporations and co-operative societies.