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Under the terms of the merger, Dena Bank and Vijaya Bank shareholders received 110 and 402 equity shares of the Bank of Baroda, respectively, of face value ₹ 2 for every 1,000 shares they held. The merger came into effect on 1 April 2019. [15] Post-merger, the Bank of Baroda is the third largest bank in India, after State Bank of India and ...
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.
Ravi Venkatesan. Ravi Venkatesan is an Indian business executive and venture capitalist who has been the chairman of Microsoft India, chairman of the board of Bank of Baroda, and co-chairman of the board of Infosys. He is the UNICEF Special Representative for Young People and Innovation. [2] He is also the founder of Global Alliance for Mass ...
Career. Jain started his career in 1993 by joining Allahabad Bank and became the General Manager of the Bank .As the General Manager, he served as Chief Financial Officer, Chief Risk Officer and lead the IT department of the Bank. In September 2018, he joined as the Executive Director in Bank of Baroda. In 1 September 2021, he became the ...
Licensed Specialised Banks. Housing Development Finance Corporation Bank of Sri Lanka (HDFC) National Savings Bank. Regional Development Bank (Pradheshiya Sanwardhana Bank) Sanasa Development Bank. Sri Lanka Savings Bank. State Mortgage and Investment Bank.
188 (2011) Website. Homepage. The Bank of Baroda Uganda Limited ( BOBU ), is a commercial bank in Uganda that is majority owned by the Indian government owned banking and financial service conglomerate Bank of Baroda. BOBU is one of the commercial banks licensed by the Bank of Uganda, the central bank and national banking regulator.
The oldest bank in India is The Madras Bank (1683), followed by the Bank of Bombay, founded in 1720, which is then followed by the Bank of Hindustan, founded in 1770. The oldest bank still in operation is the State Bank of India, whose origins can be traced back to the Bank of Calcutta. It was founded in 1806, though the tenth to be founded. [ 1]
Indian Overseas Bank ( IOB) is an Indian public sector bank based in Chennai. During the nationalisation, IOB was one of the 14 major banks taken over by the government of India. On 5 December 2021, IOB got Degidhan Award 2020–21 by Ministry of Electronics and Information Technology for achieving second highest percentage of digital payment ...