Search results
Results from the WOW.Com Content Network
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.
IFSC may refer to: Indian Financial System Code; International Federation of Sport Climbing; International Financial Services Centre (disambiguation), several financial areas; International Financial Services Centre, GIFT City Financial Centre in India
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.
In 1961, UWB acquired Satara Swadeshi Commercial Bank. [3] Established on 20 August 1907, this was the first bank established at Satara. At the time of the merger with IDBI, UWB had some 230 branches spread over 47 districts in 9 states, controlled by five Zonal Offices at Mumbai , Pune , Kolhapur , Jalgaon , and Nagpur .
A District Co-operative Central Bank (DCCB) is a rural cooperative bank operating at the district level in various parts of India. [ 1 ] [ 2 ] It was established to provide banking to the rural hinterland for the agricultural sector with the branches primarily established in rural and semi-urban areas.
The Banking Codes and Standards Board of India (BCSBI) [1] is an independent banking industry watchdog that protects consumers of banking services in India. The board oversee compliance with the "Code of Bank's Commitment to Customers".
In 1997, she set up the Mann Deshi Mahila Sahakari Bank – India's first bank for and by rural women. Mann Deshi Bank had 100,000 account holders and had loaned over US$50 million to support female micro-entrepreneurs in 2018. Mann Deshi Foundation runs Business Schools, a Community Radio and a Chambers of Commerce for rural women micro ...
The first digit of the bank code was either 0 (for trading bank accounts) or 1 (for savings bank accounts), with a common second digit. For example, 03 was for Westpac's trading accounts, while 73 was for Westpac's savings accounts. Some banks continue to use two bank codes, which today are of only historic and legacy significance. [citation ...