Funding Options - National Level Financial Institutions
Bank
of Baroda
Started on 20th July 1908, under
the Companies Act of 1897 that has now translated
into a strong, trustworthy financial body, THE
BANK OF BARODA.
The Bank orchestrated its business
strategies around the centrality of the customer.
It diversified into areas of merchant banking,
housing finance, credit cards and mutual funds.
Bank of India is a premier and
one of the oldest commercial banks in India, with
presence all over India as also in all time zones
of the world. The Bank has a glorious history
dating back to the early years of this century.
The Bank was founded in September 1906 and has
all along maintained a position of pride among
the top 5 commercial banks in the country.
Canara Bank is one of the premier
banks in the country, accredited with umpteen
distinctions. The present stature of the Bank
is due to its strong fundamentals and quality
customer orientations. Profit making since inception,
the Bank today epitomizes a perfect blend of commercial
and social banking.
Established in 1911, Central
Bank of India was the first Indian commercial
bank which was wholly owned and managed by Indians.
The establishment of the Bank was the ultimate
realisation of the dream of Sir Sorabji Pochkhanawala,
founder of the Bank. Sir Pherozesha Mehta was
the first Chairman of a truly 'Swadeshi Bank'.
In fact, such was the extent of pride felt by
Sir Sorabji Pochkhanawala that he proclaimed Central
Bank as the 'property of the nation and the country's
asset'. He also added that 'Central Bank lives
on people's faith and regards itself as the people's
own bank'.
Centurion Bank of Punjab is
a new generation private sector bank offering
a wide spectrum of retail, SME and corporate banking
products and services. It has been among the earliest
banks to offer a technology-enabled customer interface
that provides easy access and superior customer
service.
Established in the year 1906,
Corporation Bank is an organisation based on the
traditional Indian values of service to the community.
Corp Bank is regarded as one of the well-run banks
in the comity of Public Sector Banks in the country.
Corporation Bank is the first Public Sector Bank
to publish the results under US GAAP. The Bank
has been publishing the results under the US GAAP
since 1998-99.
Dena Bank, in July 1969 along
with 13 other major banks was nationalized and
is now a Public Sector Bank constituted under
the Banking Companies (Acquisition & Transfer
of Undertakings) Act, 1970. Under the provisions
of the Banking Regulations Act 1949, in addition
to the business of banking, the Bank can undertake
other business as specified in Section 6 of the
Banking Regulations Act, 1949
Dhanalakshmi Bank was incorporated
on 14th November 1927 by a group of enterprising
entrepreneurs at Thrissur, the cultural capital
of Kerala. It became a Scheduled Commercial Bank
in the year 1977. It has today attained national
stature with 180 branches and 26 Extension Counters
spread over the States of Kerala, Tamil Nadu,
Karnataka, Andhra Pradesh, Maharashtra, Gujarat,
Delhi and West Bengal. The Bank serviced a business
of Rs. 4223 crores as on 31.03.06 comprising deposits
of Rs.2533 crores and advances of Rs.1690 crores.
As at the end of March 2006, the Capital Adequacy
Ratio of the Bank was 9.75% well above the mandatory
requirement of 9%. The Bank made a net profit
of Rs.9.51 crores for the year ended 31st March
2006.
National
Bank For Agriculture And Rural Development (NABARD)
NABARD is established as a development
Bank, in terms of the Preamble of the Act, "for
providing and regulating Credit and other facilities
for the promotion and development of agriculture,
small scale industries, cottage and village industries,
handicrafts and other rural crafts and other allied
economic activities in rural areas with a view
to promoting integrated rural development and
securing prosperity of rural areas and for matters
connected therewith or incidental thereto."
NABARD:
(i) serves as an apex financing
agency for the institutions providing investment
and production credit for promoting the various
developmental activities in rural areas;
(ii) takes measures towards
institution building for improving absorptive
capacity of the credit delivery system, including
monitoring, formulation of rehabilitation schemes,
restructuring of credit institutions, training
of personnel, etc. ;
(iii) co-ordinates the rural
financing activities of all institutions engaged
in developmental work at the field level and maintains
liaison with Government of India, State Governments,
Reserve Bank of India (RBI) and other national
level institutions concerned with policy formulation;
and
(iv) undertakes monitoring and
evaluation of projects refinanced by it.
Established in Lahore on 19th
February 1943, Oriental Bank of Commerce made
a modest beginning under its Founding Father,
Late Rai Bahadur Lala Sohan Lal, the first Chairman
of the Bank.
State Bank of India was constituted
on 1 July 1955. More than a quarter of the resources
of the Indian banking system thus passed under
the direct control of the State. Later, the State
Bank of India (Subsidiary Banks) Act was passed
in 1959, enabling the State Bank of India to take
over eight former State-associated banks as its
subsidiaries (later named Associates).
The Bank is actively involved
since 1973 in non-profit activity called Community
Services Banking. All the branches and administrative
offices throughout the country sponsor and participate
in large number of welfare activities and social
causes. Business is more than banking because
we touch the lives of people anywhere in many
ways.
