Nationalised Banks in India (2016) –II

Nationalised Banks are banks, which were acquired by the Government from private firm or person under an Act or Ordinance.The main difference between Nationalised Bank and Public Sector Bank is that Nationalised Banks were acquired by the Government under an Act or Ordinance whereas Public Sector Banks are banks in which majority of shares or part is held by the Government. So, the main thing is that Public Sector Banks are not Nationalised Banks.

Nationalised banks in India by market capitalization 2016

1. Allahabad Bank

# Allahabad Bank Limited provides a full range of banking services throughout India. The Company’s activities include retail banking, commercial and personal banking, investment management, treasury and cash management, and depository services.

# Allahabad Bank is a nationalised bank with its headquarters in Kolkata, India. It is the oldest joint stock bank in India. On 24 April 2014, the bank entered into its 150th year of establishment.

# Banking Services are Core services are Finance and insurance, Consumer banking, Corporate banking.

# It is Banking, Financial services Industry and Number of locations 3,071 branches (2015).

# On 19 July 1969, the Indian Government nationalised Allahabad Bank, together with 13 other banks.

# In October 1989, Allahabad Bank acquired United Industrial Bank, a Calcutta-based bank that had been established in 1940 and that brought with it 145 branches. Two years later, Allahabad Bank established AllBank Finance Ltd, a wholly owned Merchant Banking subsidiary.

# In June 2006 the bank opened its first office outside India when it opened a representative office in Shenzen, Mainland China.

# In February 2007, Allahabad Bank opened its first overseas branch, in Hong Kong.

# Market Capital on 25 Jan 2016(Rs.3,164.95cr)

# Headquarters : Kolkata, India
# CEO : Rakesh Sethi
# Founded : 24 April 1865 in Allahabad
# Tagline : A Tradition of Trust

2. Andhra Bank

# Andhra Bank is a medium-sized public sector bank, with a network of 2507 branches, 15 extension counters, 38 satellite offices and 2232 automated teller machines as on 31 Mar 2015 and planning to open 300+ branches by 31 March 2016.

# Andhra Bank has ranked No.1 in terms of number of Life Insurance Policies mobilised amongst all the agency banks dealing with the Life Insurance Corporation of India.

# The bank also has tie-up with United India Insurance Company Limited under Bancassurance(the selling of life assurance and other insurance products and services by banking institutions) (Non-Life).

# Andhra Bank is a pioneer in introducing Credit Cards in the country in 1981.

# Banking Services are Products Consumer banking, Credit cards, corporate banking, finance and insurance, private banking, wealth management, Agricultural Loans.

# The bank now operates in 25 states and three Union Territories.

# Andhra Bank entered MoU with Bank of Baroda and Legal & General Group of UK to form a joint venture life insurance company IndiaFirst Life Insurance Company.

# Total Business increased to 2,84,588 Crore as on 31.03.2015, from 2,52,494 Crore as on 31.03.2014. Net Profit for 2014-15 stood at 638 Crore.

# Market Capital on 25 Jan 2016(Rs.3,434.41cr)

# Headquarters : Hyderabad, India
# CEO : Shri Suresh N Patel
# Founders : Bhogaraju Pattabhi Sitaramayya
# Founded : November 20, 1923, Machilipatnam, India
# Tagline : For all your needs

3. Bank of Maharashtra

# Bank of Maharashtra is a major public sector bank in India. Government of India holds 81.61% of the total shares.

# It has largest network of branches by any public sector bank in the state of Maharashtra.

# The bank has 15 million customers across the length and breadth of the country served through more than 1868 branches.

# Banking Services are consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, Securities, asset management, wealth management, Credit cards.

# Total Business has increased from 207171.76 crore as on 31.03.2014 to 223329.21 crore as on 31.03.2015. Net Profit during the year ended 31.03.2015 stood at 450.69.

# Market Capital on 25 Jan 2016(Rs.3,446.58cr)

# Headquarters: Pune, India
# CEO : Sushil Muhnot
# Founded: 1935
# Tagline : One Family One Bank Mahabank

4. Dena Bank

# Dena Bank was founded on 26 May 1938 by the family of Devkaran Nanjee under the name Devkaran Nanjee Banking Company.

# It adopted its new name, Dena Bank (Devkaran Nanjee) when it was incorporated as a public company in December 1939.

# Dena Bank, headquartered in Mumbai, is owned by the Govt of India, and as per latest data the total branch network stands at 1,773 and plans to open 404 new branches in FY 2015-16.

# In July 1969 the Government of India nationalized Dena Bank, along with thirteen other major banks.

# Total Business has increased from 1,88,650 crore as on 31.03.2014 to 1,96,565 crore as on 31.03.2015.Net Profit(2015) 265.48.

# Market Capital on 25 Jan 2016(Rs.2,297.12cr)

# Headquarters: Mumbai, India
# CEO: Shri. Ashwani Kumar
# Founded: May 26, 1938
# Tagline : Your Trusted Family Bank Taking Banking

5. Oriental Bank of Commerce

# Oriental Bank of Commerce is an India-based bank established in Lahore(then a city of British India, and currently in Pakistan), is one of the public sector banks in India.

# Banking Services are Investment banking, Consumer banking, Commercial banking, Retail banking, Private banking, Asset management, Pensions ,Mortgages ,Credit cards.

# The bank was nationalised on 15 April 1980. At that time OBC ranked 19th among the 20 nationalised banks.

# In 1997, OBC acquired two banks: Bari Doab Bank and Punjab Cooperative Bank.The acquisition of these two banks brought with it no additional branches.

# During FY 14-15, your Bank crossed the milestone of business mix of 3,50,000 crore.

# On 14 August 2004, OBC amalgamated Global Trust Bank (GTB)

# Market Capital on 25 Jan 2016(Rs.3,241.36cr)

# Headquarters : Haryana, India
# CEO : Animesh Chauhan
# Founded : February 19, 1943
# Tagline : Where Every Individual is Committed

6. UCO Bank(United Commercial Bank)

# UCO Bank, formerly United Commercial Bank, established in 1943 in Kolkata, is a major government-owned commercial bank of India.

# Based on 2014 data, it is ranked 1860 on Forbes Global 2000 List.

# UCO Bank was ranked 294th among India’s most trusted brands according to the Brand Trust Report 2014, a study conducted by Trust Research Advisory.

# Two overseas branches, on each in Singapore and Hong Kong.

# The Government of India nationalised United Commercial Bank on 19 July 1969.

# In 1998, UCO closed its London branch.

# Total Business has increased from 3,526.97 crore as on 31.03.2014 to 3,661.49 crore as on 31.03.2015.

# Market Capital on 25 Jan 2016(Rs.3,995.82cr)

# Headquarters : Kolkata, India
# CEO : Arun Kaul
# Founded : January 6, 1943
# Parent organization : Government of India
# Tagline : “Honours Your Trust”

7. United Bank of India

# United Bank of India is an Indian government-owned financial services company headquartered in Kolkata, West Bengal, India.

# On 30 March 2009, the Indian government approved the restructuring of United Bank of India.

# On 19 July 1969 the Government of India nationalised UBI, along with 13 other major Indian commercial banks.

# At the time of nationalisation UBI had only 174 branches.

# In 1973 UBI acquired Hindustan Mercantile Bank (est. 1944).

# In 1976 UBI acquired Narang Bank of India, which had been established in 1943 in Narang, Gujrat.

# Market Capital on 25 Jan 2016(Rs.1,607.67cr)

# Headquarters : Kolkata
# CEO : P. Srinivas
# Founded : 1950, India
# Parent organization : Government of India
# Tagline : The Bank that begins with U

8. Vijaya Bank

# Vijaya Bank is a medium-sized Public Sector Bank with presence across India. It is one of the nationalised banks in India.

# The objective was to promote banking habits, thrift and entrepreneurship among the farming community of Dakshina Kannada district in Karnataka State.

# The bank became a scheduled bank in 1958.

# Vijaya Bank steadily grew into a large All India bank, with nine smaller banks merging with it during 1963-68.

# The bank was nationalised on 15 April 1980.

# Total business of the Bank reached all time high level of 214035 crore 2014-15.

# Market Capital on 25 Jan 2016(Rs.2,744.89cr)

# Headquarters : Bengaluru
# CEO : Kishore Kumar Sansi
# Founder : A. B. Shetty
# Founded : India
# Tagline : A friend you can bank upon

9. Punjab & Sind Bank

# Punjab & Sind Bank is a government-owned bank, with headquarters in New Delhi and 1466 branches spread throughout India, 623 branches are in Punjab state.

# On 15 April 1980 Punjab & Sind Bank was among six banks that the Government of India nationalized in the second wave of nationalizations.

# The first wave had been in 1969 when the government nationalized the top 14 banks.

# In the 1960s Punjab & Sind Bank established a branch in London.

# During the year ended 31.03.2015, total Business of the Bank recorded an increase  Rs.151511 crore as compared to Rs.142588 crore as on 31.03.2014. Net Profit of Rs.121.35 crore for the year 2014-15

# Market Capital on 25 Jan 2016(Rs.1,399.44cr)

# Headquarters : New Delhi, India
# CEO : Jatindraver Singh
# Founder : Vir Singh
# Founded : June 24, 1908
# Parent organization : Government of India
# Tagline : Where service is a way of life


References : Wikipedia

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