Central Bank of India
Central Bank of India is one of the oldest commercial banks of India, and reportedly is the first truly Indian bank which was totally owned and established by Indian without any foreign help. Sir Sorabji Pockhanawala was the founder of the bank, who had always dreamt of establishing a thoroughly Indian bank, who was so happy and excited about the project that he reportedly termed the Central Bank of India as “property of the nation and the country’s asset”. The…
Canara Bank
Canara Bank is one of the most prominent commercial banks of India. The bank was established in the year 1906 at Mangalore, Karnataka by a well known personality Mr. Ammembal Subba Rao Pai. Initially, it was founded with the name Canara Bank Hindu Permanent Fund, but later on the name was changed to Canara Bank Limited. Mr. Ammembal Subba Rao Pai had envisioned the bank to not only offer financial services but also fulfill social causes such as removal of…
Bank of Maharashtra
Bank of Maharashtra is an Indian bank based in the city of Pune. The bank was established in the year 1935 with an initial authorized capital worth Rs. Lacs, although it became operational in the early phase of the next year. The bank got nationalized by the Government of India in the year 1969. With a total number of 1421 branches located all over India as of April 2009, the bank claims to have the largest number of branches within…
Bank of India
Bank of India was founded on September 7, 1906 by a group of eminent businessmen from Mumbai. In July 1969 Bank of India was nationalized along with 13 other banks. Beginning with a paid-up capital of lakh and 50 employees, the Bank has made a rapid growth over the years. It has evolved into a mighty institution with a strong national presence and sizable international operations. In business volume, Bank of India occupies a premier position among the nationalized banks.…
Bank of Baroda
Bank of Baroda is one of the most prominent banks in India, having its total assets as Rs. 1,43,146 Crores as on 31st of March 2007. The bank was founded by Maharaja Sayajirao Gaekwad III (also known as Shrimant Gopalrao Gaekwad), the then Maharaja of Baroda on 20th of July 1908 with a paid capital of Rs. 10 Lacs. From its introduction in a small building of Baroda, the bank has come a long way to achieve its current position…
Andhra Bank
Andhra Bank is an Indian bank based in Hyderabad. The bank was established in the year 1923, and its founder was Dr. Bhogaraju Pattabhi Sitaramayya, a well known freedom fighter. The initial authorized capital of the bank was Rs. lacs, while the paid up capital was Rs. lac at the time of its registration. Financial Details Total Business volume of the bank in the third quarter of the 2008-09 financial year stood at Rs. 95, 822 Crores, while the Total…
Allahabad Bank
Allahabad Bank is one of the premier nationalized banks in India. It is also the oldest joint stock bank of India. It was incorporated by a group of Europeans at Allahabad on April 24, 1865. It was the time Indian economy had started shifting towards organized trade and business affairs. After some years in 1920, the P&O Bank brought Allahabad Bank and its headquarters at Kolkata. The Allahabad bank got an entirely new identity when it was nationalized in 1969…
Demat Account in Banks
Demat account is short form of dematerialised account. Demat account is similar to a bank account where real money is replaced by shares. Just like a bank account is required to save money or make cheque payments, we need a demat account in order to buy or sell shares. A Demat Account holds portfolio of shares in electronic form and removes the need of holding shares in physical form. The account offers a secure and convenient way to keep track…
Fixed Deposits in Banks
Bank Fixed Deposits are also called Term Deposits in India. Popularly, it is just called Bank FD or simply FD. In a Fixed Deposit Account, a certain sum of money is deposited in the bank for a fixed time period with a fixed rate of interest and hence it is called a fixed deposit. The rate of interest for Bank Fixed Deposits depends on the maturity period or the term period. It is higher in case of longer maturity period…
How To Prepare for English Paper in Bank Exams
Tips to Prepare English Paper For English section, you must take care of some small things. 1)You must learn the correct usage of grammar and basic of English language. 2)Sentence formation should be correct and clear . 3)Avoid the spelling mistakes. Grammatical Part - While Prepareing for English test,Grammar is the most important part,that you should take care. A small mistake in grammar usage can change entire meaning of , give some time on grammar part and make your grammar…