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{{Short description|Public Bank in India}}
{{Use Indian English|date=July 2016}}
{{Use Indian English|date=July 2016}}
{{Use dmy dates|date=September 2013}}
{{Use dmy dates|date=August 2024}}
{{Infobox company
{{Infobox company
| name = The Nainital Bank Limited
| name = The Nainital Bank Ltd
| type = Private sector
| type = Scheduled commercial bank
| logo = Nainitalbank Logo.svg
| logo = Nainitalbank Logo.svg
| key_people = Dinesh Pant<br/>([[Chairman]] & CEO) <ref name="BalSheet"/>
| key_people = 1. Sushil Kumar Lal<br/>([[Managing director|MD]] & CEO)
 
2.Kuldeep Singh<br/>([[Executive Director]])<ref name="ED"/>
 
3. Dr. Deepak Pant<br/>([[Chief Operating Officer]])<ref name="CEO"/>
 
4. Mahesh Kumar Goyal<br/>([[Chief Financial Officer]])<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]], [[Ministry of Finance (India)|Ministry of Finance]],  
| parent = [[Bank of Baroda]], [[Ministry of Finance (India)|Ministry of Finance]],  
[[Government of India]]<ref name=bob/>
[[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|751.85|c}} (2025)<ref name="BalSheet">[http://www.nainitalbank.bank.in/pdf/Fin_results_2017.pdf "Balance Sheet 31.03.2017"]. nainitalbank.bank.in (15 March 2018).</ref>
| operating_income = {{increase}} {{INRConvert|109.78 |c}} (2017)<ref name="BalSheet"/>
| operating_income = {{increase}} {{INRConvert|89.02 |c}} (2025)<ref name="BalSheet"/>
| net_income = {{increase}} {{INRConvert|48.46|c}} (2017)<ref name="BalSheet"/>
| net_income = {{increase}} {{INRConvert|50.61|c}} (2025)<ref name="BalSheet"/>
| assets = {{increase}}{{INRConvert|769.96|c}} (2017)<ref name="BalSheet"/>
| assets = {{increase}}{{INRConvert|9360.48|c}} (2025)<ref name="BalSheet"/>
| equity =  
| equity =  
| ratio =  
| ratio =  
| num_employees = 1000<ref name="BalSheet"/>
| num_employees = 1188<ref name="BalSheet"/>
| foundation = 1922
| foundation = 1922
| location = [[Nainital]], [[Kumaon division|Kumaon]], India
| location = [[Nainital]], [[Uttarakhand]], India
| branches =  
| branches =  
| homepage = {{url|www.nainitalbank.co.in}}
| homepage = {{URL|www.nainitalbank.bank.in}}
}}
}}


'''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/>
'''The Nainital Bank Limited''' (NTB) (known as '''Nainital Bank''')<ref>{{cite web|url=http://www.nainitalbank.bank.in |title=Nainital Bank}}</ref> is a scheduled commercial bank founded in 1922. The bank is a [[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]],[[Uttarakhand]], [[Rajasthan]], [[Delhi]] and [[Haryana]] and has 173 branches.<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/>


==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 1922, 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/>
 
The bank had a net worth of around Rs 8.37 &nbsp;billion on as on 31 March 2025.<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 |archive-url=https://web.archive.org/web/20120527150124/http://articles.economictimes.indiatimes.com/2007-06-21/news/28436108_1_public-issue-parent-bank-private-bank |url-status=dead |archive-date=27 May 2012 |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]]|location=India |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]],
Currently, NBL has 173 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>


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>
In December 2024, Nainital Bank upgraded its RTGS, NEFT, and net-banking systems to comply with RBI and IFTAS guidelines, aiming to provide customers with faster, more secure, and seamless online fund transfer services using advanced encryption technologies.<ref>{{Cite web |date=2024-12-14 |title=Nainital Bank's fund transfer technologies updated - Pioneer Edge {{!}} Uttarakhand News in English {{!}} Dehradun News Today{{!}} News Uttarakhand {{!}} Uttarakhand latest news |url=https://www.pioneeredge.in/nainital-bank-adopts-latest-fund-transfer-technologies/ |access-date=2025-07-22 |website=www.pioneeredge.in |language=en-US}}</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 162 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 173 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]]
*
*[[Delhi]]
*[[Delhi]]
*[[Rajasthan]]
*[[Rajasthan]]
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==See also==
==See also==
 
{{Portal|Banks}}
* [[Banking in India]]
* [[Banking in India]]
* [[List of banks in India]]
* [[List of banks in India]]
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==References==
==References==
{{Reflist|30em}}
{{Reflist}}
 
==External links==
*{{Official website|1=http://www.nainitalbank.co.in/}}


{{Banking in India}}
{{Banking in India}}
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[[Category:Indian companies established in 1922]]
[[Category:Indian companies established in 1922]]


{{India-org-stub}}
{{India-company-stub}}
{{Bank-stub}}
{{Asia-bank-stub}}

Latest revision as of 01:43, 24 December 2025


The Nainital Bank Ltd
IndustryBanking
Financial services
Investment services
Founded1922
HeadquartersNainital, Uttarakhand, India
Key people
1. Sushil Kumar Lal
(MD & CEO)

2.Kuldeep Singh
(Executive Director)[1]

3. Dr. Deepak Pant
(Chief Operating Officer)[2]

4. Mahesh Kumar Goyal
(Chief Financial Officer)[3]
ProductsFinance and insurance
Consumer banking
Corporate banking
Investment banking
Investment management
Private banking
RevenueIncrease₹751.85 crore (US$110 million) (2025)[3]
Increase ₹89.02 crore (US$12 million) (2025)[3]
Increase ₹50.61 crore (US$7.1 million) (2025)[3]
Total assetsIncrease₹9,360.48 crore (US$1.3 billion) (2025)[3]
Number of employees
1188[3]
ParentBank of Baroda, Ministry of Finance, Government of India[4]
Websitewww.nainitalbank.bank.in

The Nainital Bank Limited (NTB) (known as Nainital Bank)[5] is a scheduled commercial bank founded in 1922. The bank is a 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,Uttarakhand, Rajasthan, Delhi and Haryana and has 173 branches.[4][6][7]

Overview[edit | edit source]

Nainital Bank was founded by Govind Ballabh Pant.[8] In 1922, 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.[4][8]

The bank had a net worth of around Rs 8.37  billion on as on 31 March 2025.[9] 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$4.2 million).[7][10]

Nainital bank is associated with Bank of Baroda, Currently, NBL has 173 branches in Uttarakhand, Uttar Pradesh, Delhi, Haryana and Rajasthan.[8][11] 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.[12][13]

In December 2024, Nainital Bank upgraded its RTGS, NEFT, and net-banking systems to comply with RBI and IFTAS guidelines, aiming to provide customers with faster, more secure, and seamless online fund transfer services using advanced encryption technologies.[14]

Branch Locations[edit | edit source]

The Nainital Bank Limited has 173 branches presently in the following Indian states.[11]

See also[edit | edit source]

References[edit | edit source]

  1. ↑ Cite error: Invalid <ref> tag; no text was provided for refs named ED
  2. ↑ Cite error: Invalid <ref> tag; no text was provided for refs named CEO
  3. ↑ 3.0 3.1 3.2 3.3 3.4 3.5 "Balance Sheet 31.03.2017". nainitalbank.bank.in (15 March 2018).
  4. ↑ 4.0 4.1 4.2 "Domestic: Subsidiary". Bank of Baroda.
  5. ↑ "Nainital Bank".
  6. ↑ "Growth potential for Bank of Baroda is pretty high: Arihant Capital Markets". The Economic Times. 28 May 2010. Retrieved 20 August 2010.
  7. ↑ 7.0 7.1 "Nainital Bank drops plan for public issue". The Economic Times. 21 June 2007. Archived from the original on 27 May 2012.
  8. ↑ 8.0 8.1 8.2 "BoB to merge its associate bank". The Financial Express. 25 July 2006.
  9. ↑ "Banks struggle with RBI norms". The Times of India. 1 October 2006. Archived from the original on 27 September 2012.
  10. ↑ "Nainital Bank raises Rs 30 cr". Business Standard. India. 1 April 2010.
  11. ↑ 11.0 11.1 Branches NBL
  12. ↑ ."RBI Private Bank-Indian Bank". Reserve Bank of India.
  13. ↑ 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.
  14. ↑ "Nainital Bank's fund transfer technologies updated - Pioneer Edge | Uttarakhand News in English | Dehradun News Today| News Uttarakhand | Uttarakhand latest news". www.pioneeredge.in. 14 December 2024. Retrieved 22 July 2025.
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