Nainital Bank: Difference between revisions

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{{Infobox company
{{Infobox company
| name = The Nainital Bank Limited
| name = The Nainital Bank Limited
| type = [[Subsidiary]] of [[Bank of Baroda]]
| type = Private sector
| logo = Nainitalbank Logo.svg
| logo = Nainitalbank Logo.svg
| key_people = Dinesh Pant<br/>([[Chairman]] & CEO) <ref name="BalSheet"/>
| key_people = Dinesh Pant<br/>([[Chairman]] & CEO) <ref name="BalSheet"/>
| industry = Banking<br />[[Financial services]]<br />[[Investment|Investment services]]
| industry = Banking<br />[[Financial services]]<br />[[Investment|Investment services]]
| products = [[Finance and insurance]]<br />[[Retail banking|Consumer banking]]<br />[[Commercial bank|Corporate banking]]<br />[[Investment banking]]<br />[[Investment management]]<br />[[Private banking]]
| products = [[Finance and insurance]]<br />[[Retail banking|Consumer banking]]<br />[[Commercial bank|Corporate banking]]<br />[[Investment banking]]<br />[[Investment management]]<br />[[Private banking]]
| parent = [[Bank of Baroda]] (100%)<ref name=bob/>
| parent = [[Bank of Baroda]],  [[Ministry of Finance (India)|Ministry of Finance]],
[[Government of India]]<ref name=bob/>
| revenue = {{increase}}{{INRConvert|612.09|c}} (2017)<ref name="BalSheet">[http://www.nainitalbank.co.in/pdf/Fin_results_2017.pdf "Balance Sheet 31.03.2017"]. nainitalbank.co.in (15 March 2018).</ref>
| revenue = {{increase}}{{INRConvert|612.09|c}} (2017)<ref name="BalSheet">[http://www.nainitalbank.co.in/pdf/Fin_results_2017.pdf "Balance Sheet 31.03.2017"]. nainitalbank.co.in (15 March 2018).</ref>
| operating_income = {{increase}} {{INRConvert|109.78 |c}} (2017)<ref name="BalSheet"/>
| operating_income = {{increase}} {{INRConvert|109.78 |c}} (2017)<ref name="BalSheet"/>
Line 17: Line 18:
| num_employees = 1000<ref name="BalSheet"/>
| num_employees = 1000<ref name="BalSheet"/>
| foundation = 1922
| foundation = 1922
| location = [[Nainital]], [[Uttarakhand]], India
| location = [[Nainital]], [[Kumaon division|Kumaon]], India
| branches =  
| branches =  
| homepage = {{url|www.nainitalbank.co.in}}
| homepage = {{url|www.nainitalbank.co.in}}
}}
}}


'''The Nainital Bank Limited''' (NTB) (known as '''Nainital Bank''')<ref>{{cite web|url=http://www.nainitalbank.co.in |title=Nainital Bank}}</ref> (Hindi: नैनीताल बैंक) is a scheduled commercial bank founded in 1922. The bank is a fully owned [[subsidiary]] of [[Bank of Baroda]]. The bank has expanded to [[Uttar Pradesh]] and [[Uttarakhand]], and has over 152 branches in [[Rajasthan]], [[Delhi]] and [[Haryana]].<ref name=bob/><ref>{{cite web|url=http://economictimes.indiatimes.com/Views/Recommendations/articleshow/5985388.cms |title=Growth potential for Bank of Baroda is pretty high: Arihant Capital Markets|work=[[The Economic Times]]|date=28 May 2010 |access-date=20 August 2010}}</ref><ref name=etnaini/> It has become TTC (Ten Thousand Crore) Company and aims to be most customer centric bank of India,<ref>{{Cite web|url=http://www.nainitalbank.co.in/english/Financial_Highlights.aspx|title=http://www.nainitalbank.co.in/english/Financial_Highlights.aspx}}</ref><ref name=bs/> it is listed as a [[scheduled bank]] by the [[Reserve Bank of India]].<ref name=rbi/>
'''The Nainital Bank Limited''' (NTB) (known as '''Nainital Bank''')<ref>{{cite web|url=http://www.nainitalbank.co.in |title=Nainital Bank}}</ref> (Kumaoni: नैनताल बैंक) is a scheduled commercial bank founded in 1922. The bank is a wholly owned [[subsidiary]] of [[Bank of Baroda]] which is under the [[ownership]] of [[Ministry of Finance (India)|Ministry of Finance]] of the [[Government of India]]. The bank has expanded to [[Uttar Pradesh]] and [[Uttarakhand]], and has only 162 branches in [[Rajasthan]], [[Delhi]] and [[Haryana]].<ref name=bob/><ref>{{cite web|url=http://economictimes.indiatimes.com/Views/Recommendations/articleshow/5985388.cms |title=Growth potential for Bank of Baroda is pretty high: Arihant Capital Markets|work=[[The Economic Times]]|date=28 May 2010 |access-date=20 August 2010}}</ref><ref name=etnaini/> It has become TTC (Ten Thousand Crore) Company and aims to be most customer centric bank of India,<ref>{{Cite web|url=http://www.nainitalbank.co.in/english/Financial_Highlights.aspx|title=http://www.nainitalbank.co.in/english/Financial_Highlights.aspx}}</ref><ref name=bs/> it is listed as a [[scheduled bank]] by the [[Reserve Bank of India]].<ref name=rbi/>


==Overview==
==Overview==
Nainital Bank was founded by [[Govind Ballabh Pant]].<ref name=finaex>{{cite news |title=BoB to merge its associate bank |url=http://www.financialexpress.com/news/bob-to-merge-its-associate-bank/172293/0 |work=[[The Financial Express (India)|The Financial Express]] |date=25 July 2006 }}</ref> In 1975, the government-owned [[Bank of Baroda]] (BOB), the second largest bank in India, acquired a 98.6% (around 99%) stake in the bank and made it a subsidiary.<ref name=bob>{{cite web |title=Domestic: Subsidiary |url=http://www.bankofbaroda.com/subsidiaries_jv.asp |publisher= [[Bank of Baroda]] }}</ref><ref name=finaex/>
Nainital Bank was founded by [[Govind Ballabh Pant]].<ref name=finaex>{{cite news |title=BoB to merge its associate bank |url=http://www.financialexpress.com/news/bob-to-merge-its-associate-bank/172293/0 |work=[[The Financial Express (India)|The Financial Express]] |date=25 July 2006 }}</ref> In 1975, the government-owned [[Bank of Baroda]] (BOB), the second largest bank in India, acquired a 98.6% (around 99%) stake in the bank and made it a subsidiary.<ref name=bob>{{cite web |title=Domestic: Subsidiary |url=http://www.bankofbaroda.com/subsidiaries_jv.asp |publisher= [[Bank of Baroda]] }}</ref><ref name=finaex/>


In April 2004, [[National Insurance Company]] (NIC) signed an agreement with Nainital Bank for distribution of its general insurance products through the bank's branches across Uttarakhand, Haryana and New Delhi states.<ref name=hindnic>{{cite news |title=NIC ties up with Nainital Bank  |url=http://www.hindu.com/2004/04/13/stories/2004041303141915.htm |archive-url=https://web.archive.org/web/20040508175630/http://www.hindu.com/2004/04/13/stories/2004041303141915.htm |url-status=dead |archive-date=8 May 2004 |work=[[The Hindu]] |date=13 April 2004 }}</ref> The bank had a net worth of around Rs 1.12&nbsp;billion on as on 31 March 2006.<ref>{{cite news |title=Banks struggle with RBI norms|url=http://articles.timesofindia.indiatimes.com/2006-10-01/india-business/27804597_1_ratnakar-bank-centrum-finance-sangli-bank |archive-url=https://web.archive.org/web/20120927184850/http://articles.timesofindia.indiatimes.com/2006-10-01/india-business/27804597_1_ratnakar-bank-centrum-finance-sangli-bank |url-status=dead |archive-date=27 September 2012 |work=[[The Times of India]]|date=1 October 2006  }}</ref> It bank launched its [[rights issue]] in September 2009, to expand its [[capital adequacy ratio]] (CAR) to 14 per cent, this came after it previously withdrew its plans for an [[Initial Public Offering|IPO]] due to adverse market conditions in 2007; by April 2010, the right issue had raised {{INRConvert|300|m}}.<ref name=etnaini>{{cite news |title=Nainital Bank drops plan for public issue |url=http://articles.economictimes.indiatimes.com/2007-06-21/news/28436108_1_public-issue-parent-bank-private-bank |work=[[The Economic Times]] |date=21 June 2007 }}</ref><ref name=bs>{{cite news |title=Nainital Bank raises Rs 30 cr.|url=http://www.business-standard.com/power/news/nainital-bank-raises-rs-30-cr/12/05/390349/ |work=[[Business Standard]] |date=1 April 2010}}</ref>
In April 2004, [[National Insurance Company]] (NIC) signed an agreement with Nainital Bank for distribution of its general insurance products through the bank's branches across Uttarakhand, Haryana and New Delhi states.<ref name=hindnic>{{cite news |title=NIC ties up with Nainital Bank  |url=http://www.hindu.com/2004/04/13/stories/2004041303141915.htm |archive-url=https://web.archive.org/web/20040508175630/http://www.hindu.com/2004/04/13/stories/2004041303141915.htm |url-status=dead |archive-date=8 May 2004 |work=[[The Hindu]] |date=13 April 2004 }}</ref> The bank had a net worth of around Rs 1.12&nbsp;billion on as on 31 March 2006.<ref>{{cite news |title=Banks struggle with RBI norms|url=http://articles.timesofindia.indiatimes.com/2006-10-01/india-business/27804597_1_ratnakar-bank-centrum-finance-sangli-bank |archive-url=https://web.archive.org/web/20120927184850/http://articles.timesofindia.indiatimes.com/2006-10-01/india-business/27804597_1_ratnakar-bank-centrum-finance-sangli-bank |url-status=dead |archive-date=27 September 2012 |work=[[The Times of India]]|date=1 October 2006  }}</ref> It bank launched its [[rights issue]] in September 2009, to expand its [[capital adequacy ratio]] (CAR) to 14 per cent, this came after it previously withdrew its plans for an [[Initial public offering|IPO]] due to adverse market conditions in 2007; by April 2010, the right issue had raised {{INRConvert|300|m}}.<ref name=etnaini>{{cite news |title=Nainital Bank drops plan for public issue |url=http://articles.economictimes.indiatimes.com/2007-06-21/news/28436108_1_public-issue-parent-bank-private-bank |work=[[The Economic Times]] |date=21 June 2007 }}</ref><ref name=bs>{{cite news |title=Nainital Bank raises Rs 30 cr.|url=http://www.business-standard.com/power/news/nainital-bank-raises-rs-30-cr/12/05/390349/ |work=[[Business Standard]] |date=1 April 2010}}</ref>


Nainital bank is associated with [[Bank of Baroda]], HDFC Bank, LIC, National Insurance Company Limited etc.<ref>{{cite web|url=http://www.info2india.com/finance/banks/private-banks/nainital-bank-ltd.html|title=About Nainital Bank in info2india.com}}</ref>
Nainital bank is associated with [[Bank of Baroda]], HDFC Bank, LIC, National Insurance Company Limited etc.<ref>{{cite web|url=http://www.info2india.com/finance/banks/private-banks/nainital-bank-ltd.html|title=About Nainital Bank in info2india.com}}</ref>
Currently, NBL has 142 branches in Uttarakhand, Uttar Pradesh, Delhi, Haryana and Rajasthan.<ref name=finaex/><ref name=br/> It also provide online facilities, apart from Personal Banking, Business Banking, Rural and Agricultural Banking. The Nainital Bank Limited is registered as scheduled commercial bank with [[Reserve Bank of India]] (RBI), the [[central bank]] of India.<ref name=rbi>{{cite web|url=http://www.rbi.org.in/scripts/AboutUsDisplay.aspx?pg=Indian.htm  |title= RBI Private Bank-Indian Bank|publisher=[[Reserve Bank of India]]}}</ref><ref>{{cite book |title=The Great Deleveraging: Economic Growth and Investing Strategies for the Future|chapter=List of Banks in India (2009)|author= Chip Dickson|author2=Oded Shenkar|publisher=FT Press|year= 2009|isbn=978-0-13-235810-1 |page=[https://archive.org/details/greatdeleveragin0000dick/page/217 217] |url=https://archive.org/details/greatdeleveragin0000dick |url-access=registration|quote=Nainital Bank.|ref=Di }}</ref>
Currently, NBL has 162 branches in Uttarakhand, Uttar Pradesh, Delhi, Haryana and Rajasthan.<ref name=finaex/><ref name=br/> It also provide online facilities, apart from Personal Banking, Business Banking, Rural and Agricultural Banking. The Nainital Bank Limited is registered as scheduled commercial bank with [[Reserve Bank of India]] (RBI), the [[central bank]] of India.<ref name=rbi>{{cite web|url=http://www.rbi.org.in/scripts/AboutUsDisplay.aspx?pg=Indian.htm  |title= RBI Private Bank-Indian Bank|publisher=[[Reserve Bank of India]]}}</ref><ref>{{cite book |title=The Great Deleveraging: Economic Growth and Investing Strategies for the Future|chapter=List of Banks in India (2009)|author= Chip Dickson|author2=Oded Shenkar|publisher=FT Press|year= 2009|isbn=978-0-13-235810-1 |page=[https://archive.org/details/greatdeleveragin0000dick/page/217 217] |url=https://archive.org/details/greatdeleveragin0000dick |url-access=registration|quote=Nainital Bank.|ref=Di }}</ref>


==Branch Locations==
==Branch Locations==
The Nainital Bank Limited has 135 branches presently in the following Indian states.<ref name=br>[http://www.nainitalbank.co.in/branches.htm Branches] NBL</ref>
The Nainital Bank Limited has 162 branches presently in the following Indian states.<ref name=br>[http://www.nainitalbank.co.in/branches.htm Branches] NBL</ref>
*[[Uttarakhand]]
*[[Uttarakhand]]
*[[Uttar Pradesh]]
*[[Uttar Pradesh]]

Revision as of 22:41, 10 November 2021

The Nainital Bank Limited
IndustryBanking
Financial services
Investment services
Founded1922
HeadquartersNainital, Kumaon, India
Key people
Dinesh Pant
(Chairman & CEO) [1]
ProductsFinance and insurance
Consumer banking
Corporate banking
Investment banking
Investment management
Private banking
RevenueIncrease₹612.09 crore (US$70 million) (2017)[1]
Increase ₹109.78 crore (US$13 million) (2017)[1]
Increase ₹48.46 crore (US$5.6 million) (2017)[1]
Total assetsIncrease₹769.96 crore (US$88 million) (2017)[1]
Number of employees
1000[1]
ParentBank of Baroda, Ministry of Finance, Government of India[2]
Websitewww.nainitalbank.co.in

The Nainital Bank Limited (NTB) (known as Nainital Bank)[3] (Kumaoni: नैनताल बैंक) is a scheduled commercial bank founded in 1922. The bank is a wholly owned subsidiary of Bank of Baroda which is under the ownership of Ministry of Finance of the Government of India. The bank has expanded to Uttar Pradesh and Uttarakhand, and has only 162 branches in Rajasthan, Delhi and Haryana.[2][4][5] It has become TTC (Ten Thousand Crore) Company and aims to be most customer centric bank of India,[6][7] it is listed as a scheduled bank by the Reserve Bank of India.[8]

Overview

Nainital Bank was founded by Govind Ballabh Pant.[9] In 1975, the government-owned Bank of Baroda (BOB), the second largest bank in India, acquired a 98.6% (around 99%) stake in the bank and made it a subsidiary.[2][9]

In April 2004, National Insurance Company (NIC) signed an agreement with Nainital Bank for distribution of its general insurance products through the bank's branches across Uttarakhand, Haryana and New Delhi states.[10] The bank had a net worth of around Rs 1.12 billion on as on 31 March 2006.[11] It bank launched its rights issue in September 2009, to expand its capital adequacy ratio (CAR) to 14 per cent, this came after it previously withdrew its plans for an IPO due to adverse market conditions in 2007; by April 2010, the right issue had raised ₹300 million (US$3.4 million).[5][7]

Nainital bank is associated with Bank of Baroda, HDFC Bank, LIC, National Insurance Company Limited etc.[12] Currently, NBL has 162 branches in Uttarakhand, Uttar Pradesh, Delhi, Haryana and Rajasthan.[9][13] It also provide online facilities, apart from Personal Banking, Business Banking, Rural and Agricultural Banking. The Nainital Bank Limited is registered as scheduled commercial bank with Reserve Bank of India (RBI), the central bank of India.[8][14]

Branch Locations

The Nainital Bank Limited has 162 branches presently in the following Indian states.[13]

See also

References

  1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 "Balance Sheet 31.03.2017". nainitalbank.co.in (15 March 2018).
  2. ↑ 2.0 2.1 2.2 "Domestic: Subsidiary". Bank of Baroda.
  3. ↑ "Nainital Bank".
  4. ↑ "Growth potential for Bank of Baroda is pretty high: Arihant Capital Markets". The Economic Times. 28 May 2010. Retrieved 20 August 2010.
  5. ↑ 5.0 5.1 "Nainital Bank drops plan for public issue". The Economic Times. 21 June 2007.
  6. ↑ "http://www.nainitalbank.co.in/english/Financial_Highlights.aspx". {{cite web}}: External link in |title= (help)
  7. ↑ 7.0 7.1 "Nainital Bank raises Rs 30 cr". Business Standard. 1 April 2010.
  8. ↑ 8.0 8.1 "RBI Private Bank-Indian Bank". Reserve Bank of India.
  9. ↑ 9.0 9.1 9.2 "BoB to merge its associate bank". The Financial Express. 25 July 2006.
  10. ↑ "NIC ties up with Nainital Bank". The Hindu. 13 April 2004. Archived from the original on 8 May 2004.
  11. ↑ "Banks struggle with RBI norms". The Times of India. 1 October 2006. Archived from the original on 27 September 2012.
  12. ↑ "About Nainital Bank in info2india.com".
  13. ↑ 13.0 13.1 Branches NBL
  14. ↑ Chip Dickson; Oded Shenkar (2009). "List of Banks in India (2009)". The Great Deleveraging: Economic Growth and Investing Strategies for the Future. FT Press. p. 217. ISBN 978-0-13-235810-1. Nainital Bank.

External links

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