Private Banks

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ING Vysya Bank

ING Vysya Bank Ltd came into being in October 2002, when erstwhile Vysya Bank Ltd was merged with ING, a global financial powerhouse boasting of Dutch origin. Vysya Bank Ltd, one of initial banks to be set up in the private sector of India, was established in the year 1930, with the aim of providing a helping hand to all those who couldn’t afford the privilege of enjoying the services of a bank. Eighteen years later, in 1948, the bank was listed as one of the Scheduled Banks of the country. With the passing time, Vysya Bank aimed at the number one position in all the private sector banks.

In 1985, the dream of Vysya Bank’s promoters came true and it became the largest private sector bank of India. Two years later, it laid the foundation of Vysya Bank Leasing Ltd. The following year, the bank was credited with laying down the innovative concept of ‘Co branding of Credit Cards’. In 1990, Vysya Bank promoted a new entity – Vysya Bank Housing Finance Ltd. By 1992, the bank had reached another milestone, by having its deposits cross Rs. 1000 crores and the very next year, the number of its branches had gone past 300.

In the year 1996, Vysya Bank struck a strategic alliance with BBL Belgium and was also honored with two National Awards by Gem & Jewellery Export Promotion Council, for excellent performance in Export Promotion. Hardly two years later, the bank had introduced Cash Management Services and the commissioning of VSAT and was also rated as the Best Domestic Bank in India, by Global Finance (International Financial Journal – June 1998). Soon (2000), it established a state-of-the-art Date Centre, at ITPL, Bangalore.

It was in 2000 only that ING and Vysya Bank set up ING Vysya Life Insurance Company, after receiving RBI nod, commencing its business in the following year. Two years later, a wide range of services were launched, including Vys Vyapar Plus – the range of loan schemes for traders, ATM services, Smartserv – personal assistant service, Save & Secure – an account that provides accident hospitalization and insurance cover, Sambandh – the International Debit Card and the mi-b@nk net banking service.

In 2002, ING took over the management of Vysya Bank and RBI gave its permission for the new name of the bank to be ‘ING Vysya Bank Ltd’. In the following year, the bank introduced customer friendly products, mainly Orange Savings, Orange Current and Protected Home Loans. Its innovative products in the coming years included Solo – My Own Account for youth and Customer Service Line – Phone Banking Service (2005) and ‘AAA’ transactions – Anywhere, Anytime & Anyhow Banking – through networking of all its braches (2006).

Branches, ATMs & Financial Highlights
As of March 31st 2008, ING Vysya Bank had a total of 677 branches, of which there were 407 Branches, 39 Extension Counters, 28 Satellite Offices and 203 ATMs. At the same time, its Net Worth was Rs 14260.00 millions, Deposits worth Rs. 204980.00 millions, Advanced amounting to Rs. 146500.00 millions and Profits were to the tune of Rs. 1569.00 millions. The bank also has Internet Banking, mi-b@nk and Customer Service Line for Phone Banking Service, within its gamut of services.

Products & Services

Personal Banking

  • Savings Account
  • Current Account
  • Term Deposits
  • Demat Account
  • Personal, Home, Home Equity & NRI Loans
  • Private Banking
  • Wealth Management
  • Life Insurance
  • Mutual Funds
  • Government of India and Tax Savings Bonds
  • NRI Services
  • Credit & Debit Card
  • Internet Banking
  • Phone Banking
  • Mobile Banking
  • Self Banking
  • ATM Kiosks
  • Payment Services
Business Banking
  • SME – Loans, MPower Business Account
  • Agri – Term & Short-term Loan
  • Wholesale Banking – Cash Management Services, Corporate & Investment Banking, Credit Products & Structured Finance, Offshore Borrowings, Trade & Commodity Finance
  • Financial Market – Market Making & Trading, Asset Liability Management, Financial Market Sales, Research & Analysis
Head Office
ING Vysya House
27, M.G. Road
Bangalore – 560001
Hyderabad, India
Phone: 080 3030 9900
Website: www.ingvysyabank.com
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IndusInd Bank

The idea behind IndusInd Bank, named after the Indus Valley civilization, was conceived by Mr. Srichand P. Hinduja, the head of the Hinduja Group. One of the first new-generation private banks in India, IndusInd Bank was inaugurated in April 1994, Dr. Manmohan Singh, the present Prime Minister of India, who was then the Finance Minister of the country. It was established with the help of collective contributions from the NRI community, towards the economic and social development of India.

The operations of IndusInd Bank were started with a capital base of Rs. 1,000 million. Of the total 1,000 million, Rs. 600 million was raised through private placements by Indian Residents and Rs. 400 million was contributed by Non-Resident Indians (NRIs). A decade after its establishment i.e. in June 2004, IndusInd Bank was merged with Ashok Leyland Finance Ltd, which was one of the largest leasing finance and hire purchase companies in India, at that time. With this, the bank increased its customer base and geographical penetration.

Branches & ATMs
Within a few years of its foundation, IndusInd Bank started climbing the ladder of success and became one of the fastest-growing banks in the Indian banking sector. By 2006, it had expanded its branch network, from 61 in 2004, to 137. Apart from setting up 150 ATM centers of its own, the bank also concluded multilateral arrangements with other banks, taking the total number of authorized ATM outlets to 15,000. All the branches as well as ATMs of IndusInd Bank are connected to its central database, via a satellite that operates on the latest version of IBM’s AS400-720 hardware & Midas Kapiti (now Misys) software.

Businesses
IndusInd Bank operates in a diverse range of businesses, which include Corporate Banking, Retail Banking, Treasury and Foreign Exchange, Investment Banking, Capital Markets, Non-Resident Indian (NRI) / High Networth Individual (HNI) Banking and Information Technology (through a subsidiary). It also claims the distinction of being the first bank in India that received ISO 9001:2000 certification for its Corporate Office and its entire network of branches.

Products & Services
IndusInd Bank provides multi-channel facilities, which comprise of ATMs, Net Banking, Mobile Banking, Phone Banking, Multi-city Banking and International Debit Cards. It is also credited for being one of the first banks to become a part of RBI’s Real Time Gross Settlement (RTGS) system. Enlisting the help of KPMG, IndusInd Bank has adopted an enterprise-wide risk management system, including global best practices in the area of Risk Management. The other products and services offered by the bank include:

Personal Banking

  • Accounts
  • Deposits
  • Loans
  • Cards – Debit Card, Credit Card, Gold Debit Card, Indus Money
  • Indus Protect
Wealth Management Services
  • Portfolio Management
  • Investments
  • Insurance
Corporate Banking
  • Fund Based Facilities
  • Non Fund Based Facilities
  • Value Added Facilities
  • Supply Chain Management
International Banking
  • Correspondent Banking
  • SWIFT
  • Rupee Drawing Arrangement R
  • Advisory Services A
  • Facilities to Exporters
  • Trade Finance
  • RFC Account for Residents R
  • Gold Banking
  • Remittance Services
  • Suvarna Mudra
Others
  • Investment Banking
  • Treasury
  • NRI Services
  • Online Banking
  • RTGS/ NEFT
Head Office
IndusInd Bank Ltd
701/801 Solitaire Corporate Park
167, Guru Hargovindji Marg,
Andheri – (E), Mumbai- 400 093
Phone: 022 6641 2200
Fax: 022 6641 2224
Website: www.indusind.com
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ICICI Bank

ICICI Bank started as a wholly owned subsidiary of ICICI Limited, an Indian financial institution, in 1994. Four years later, when the company offered ICICI Bank’s shares to the public, ICICI’s shareholding was reduced to 46%. In the year 2000, ICICI Bank offered made an equity offering in the form of ADRs on the New York Stock Exchange (NYSE), thereby becoming the first Indian company and the first bank or financial institution from non-Japan Asia to be listed on the NYSE. In the next year, it acquired the Bank of Madura Limited in an all-stock amalgamation. Later in the year and the next fiscal year, the bank made secondary market sales to institutional investors.

With a change in the corporate structure and the budding competition in the Indian Banking industry, the management of both ICICI and ICICI Bank were of the opinion that a merger between the two entities would prove to be an essential step. It was in 2001 that the Boards of Directors of ICICI and ICICI Bank sanctioned the amalgamation of ICICI and two of its wholly-owned retail finance subsidiaries, ICICI Personal Financial Services Limited and ICICI Capital Services Limited, with ICICI Bank. In the following year, the merger was approved by its shareholders, the High Court of Gujarat at Ahmedabad as well as the High Court of Judicature at Mumbai and the Reserve Bank of India.

Present Scenario
ICICI Bank has its equity shares listed in India on Bombay Stock Exchange and the National Stock Exchange of India Limited. Overseas, its American Depositary Receipts (ADRs) are listed on the New York Stock Exchange (NYSE). As of December 31, 2008, ICICI is India’s second-largest bank, boasting an asset value of Rs. 3,744.10 billion and profit after tax Rs. 30.14 billion, for the nine months, that ended on December 31, 2008.

Branches & ATMs
ICICI Bank has a wide network both in Indian and abroad. In India alone, the bank has 1,420 branches and about 4,644 ATMs. Talking about foreign countries, ICICI Bank has made its presence felt in 18 countries – United States, Singapore, Bahrain, Hong Kong, Sri Lanka, Qatar and Dubai International Finance Centre and representative offices in United Arab Emirates, China, South Africa, Bangladesh, Thailand, Malaysia and Indonesia. The Bank proudly holds its subsidiaries in the United Kingdom, Russia and Canada out of which, the UK subsidiary has established branches in Belgium and Germany.

Products & Services

Personal Banking

  • Deposits
  • Loans
  • Cards
  • Investments
  • Insurance
  • Demat Services
  • Wealth Management
NRI Banking
  • Money Transfer
  • Bank Accounts
  • Investments
  • Property Solutions
  • Insurance
  • Loans
Business Banking
  • Corporate Net Banking
  • Cash Management
  • Trade Services
  • FXOnline
  • SME Services
  • Online Taxes
  • Custodial Services
Head Office
ICICI Bank
9th Floor, South Towers
ICICI Towers
Bandra Kurla Complex
Bandra (E)
Mumbai
Phone: 91-022-653 7914
Website: www.icicibank.com
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HDFC Bank

Housing Development Finance Corporation Bank, more popularly known as HDFC Bank Ltd, was established in the year 1994, as a part of the liberalization of the Indian Banking Industry by Reserve Bank of India (RBI). It was one of the first banks to receive an ‘in principle’ approval from RBI, for setting up a bank in the private sector. The bank was incorporated with the name ‘HDFC Bank Limited’, with its registered office in Mumbai. The following year, it started its operations as a Scheduled Commercial Bank. Today, the bank boasts of as many as 1412 branches and over 3275 ATMs across India.

Amalgamations
In 2002, HDFC Bank witnessed its merger with Times Bank Limited (a private sector bank promoted by Bennett, Coleman & Co. / Times Group). With this, HDFC and Times became the first two private banks in the New Generation Private Sector Banks to have gone through a merger. In 2008, RBI approved the amalgamation of Centurion Bank of Punjab with HDFC Bank. With this, the Deposits of the merged entity became Rs. 1,22,000 crore, while the Advances were Rs. 89,000 crore and Balance Sheet size was Rs. 1,63,000 crore.

Tech-Savvy
HDFC Bank has always prided itself on a highly automated environment, be it in terms of information technology or communication systems. All the braches of the bank boast of online connectivity with the other, ensuring speedy funds transfer for the clients. At the same time, the bank’s branch network and Automated Teller Machines (ATMs) allow multi-branch access to retail clients. The bank makes use of its up-to-date technology, along with market position and expertise, to create a competitive advantage and build market share.

Capital Structure
At present, HDFC Bank boasts of an authorized capital of Rs 550 crore (Rs5.5 billion), of this the paid-up amount is Rs 424.6 crore (Rs.4.2 billion). In terms of equity share, the HDFC Group holds 19.4%. Foreign Institutional Investors (FIIs) have around 28% of the equity and about 17.6% is held by the ADS Depository (in respect of the bank’s American Depository Shares (ADS) Issue). The bank has about 570,000 shareholders. Its shares find a listing on the Stock Exchange, Mumbai and National Stock Exchange, while its American Depository Shares are listed on the New York Stock Exchange (NYSE), under the symbol ‘HDB’.

Products & Services

Personal Banking

  • Savings Accounts
  • Salary Accounts
  • Current Accounts
  • Fixed Deposits
  • Demat Account
  • Safe Deposit Lockers
  • Loans
  • Credit Cards
  • Debit Cards
  • Prepaid Cards
  • Investments & Insurance
  • Forex Services
  • Payment Services
  • NetBanking
  • InstaAlerts
  • MobileBanking
  • InstaQuery
  • ATM
  • PhoneBanking
NRI Banking
  • Rupee Savings Accounts
  • Rupee Current Accounts
  • Rupee Fixed Deposits
  • Foreign Currency Deposits
  • Accounts for Returning Indians
  • Quickremit (North America, UK, Europe, Southeast Asia)
  • IndiaLink (Middle East, Africa)
  • Cheque LockBox
  • Telegraphic / Wire Transfer
  • Funds Transfer through Cheques / DDs / TCs
  • Mutual Funds
  • Private Banking
  • Portfolio Investment Schemes
  • Loans
  • Payment Services
  • NetBanking
  • InstaAlerts
  • MobileBanking
  • InstaQuery
  • ATM
  • PhoneBanking
Head Office
HDFC Bank
Ramon House, 169, Backbay Reclamation,
H T Parekh Marg, Churchgate
Mumbai – 400020
Phone: +91 (22) 66316000, 66636000, 66316060
Fax: +91 (22) 22048834
Website: www.hdfcbank.com
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Federal Bank

Federal Bank Limited was founded as Travancore Federal Bank Limited in the year 1931, with an authorized capital of Rs. 5000. It was established at Nedumpuram, a place near Tiruvalla, in Central Travancore (a princely state later merged into Kerala), under Travancore Company’s Act. Thirteen years later, in 1944, Shri K P Hormis and his close relatives /friends took over the controlling interest in the bank. The following year, the paid-up capital of the bank went up to 71,000 and its registered office shifted to Aluva, in Ernakulam district of Kerala.

With the opening of its first branch at Aluva, Travancore Federal Bank commenced its business. It was in the Board Meeting of March 1947 that the name of the bank was changed to Federal Bank Limited. After a gap of 12 years i.e. in 1959, the bank was licensed under Sec. 22 of the Banking Companies Act 1949, after which it floated several kuries and launched various deposit schemes. In 1964, it took over the liabilities of Chalakudy Public Bank Ltd. (Chalakudy), Cochin Union Bank Ltd. (Trichur) and Alleppey Bank Ltd. (Alleppey).

In the next five year, Federal Bank took over St.George Union Bank Ltd. Puthenpally (1965) and Marthandom Commercial Bank Ltd. Trivandrum (1968). In 1970, it became a Scheduled Bank. Two years later, it became an authorized dealer in Foreign Exchange. Thereafter, Federal Bank came in an expansion mode and opened 53 branches in 1975 and 42 branches in 1976. In 1984, Federal Bank set up an Agricultural Finance Department in its head office, improving its performance in the field of agricultural and priority sector lending.

The year 1985 saw Federal Bank opening a Personnel and Industrial Relations Department and a Computer Department. Four year later, the bank had entered the arena of Merchant Banking Operations. In 1993, ICICI group was roped in as a shareholder, through private placement. The following year, the bank came out with its first public issue, which was oversubscribed around 60 times. In the year 1997, Federal Bank inaugurated its first ATM, at Eranakulam North.

Tech-Savvy Bank
It was in the year 2000 that Federal Bank started the Any Where Banking (ABB) service, in Bangalore, followed by the Depository Services, in association with NSDL. The same year, Internet Banking ‘FedNet’ was launched, with the Federal Millennium CD being just in tow. With the start of 2001, the bank saw the launch of Wide Area Network, connecting Regional Offices at Mumbai, Bangalore, Chennai, Ernakulam and Chennai F & I with Head Office. The following year, all the branches of the bank were fully computerized (using FedSoft).

In 2002, Federal Bank started the installation of switch for networking all the ATMs. Soon enough, it introduced FedAlerts and FedMobile, with real-time transaction alerts and customizable options. Two years later, a call centre was set up by the bank, attached to the Systems and Technology Department, and co-branded credit cards were launched, in association with ICICI Bank. Not much time later, Federal Bank claimed the distinction of becoming the first traditional bank with networked branches, having 100 percent connectivity.

Products & Services
Federal Bank launched its International Debit Cards in the year 2004. The same year, it also provided Real Time Gross Settlement (RTGS) facility in all the branches, followed by Online Railway Reservation (with the first kiosk at the Marine Drive branch of Kochi). One year later, the bank launched Fed+Amrita, an online system for fixing medical consultation, health check up, and in-patient payments, from anywhere. In 2006, Federal Bank issued GDRs, becoming the first traditional bank to do so.

Federal Bank also provides the following services:

  • Advances
  • BSNL Bill Payment
  • Cash Management Services
  • Cash -On- Line Express Cash Remittance
  • Credit Cards
  • Depository Services
  • Easy Pay-On-line Fee Payment System
  • E-shopping Payment Gateway
  • Export Credit Insurance Products in association with ECGC
  • Express Remittance Facility from Abroad – FEDFAST
  • General Insurance Products in association with United India Insurance
  • Life Insurance Products, in association with ICICI Prudential
  • Lock Box Service for NRI’s in the US
  • Merchant Banking Services
  • NRI Services
  • Online Kiosks for Customers
  • Online LIC Insurance Payment
  • Online Railway Reservation System
  • Structured Derivative Products
The Firsts
  • First traditional bank in India to launch Internet Banking Service (FedNet)
  • First traditional bank in India to have all its branches automated
  • First and the only traditional bank in India to have all its branches inter-connected
  • First bank to launch Electronic Telephone Bill Payment in India
  • First and only one of the older banks with e-shopping payment gateway
  • First traditional bank in India introduce Mobile Alerts and Mobile Banking service
  • First bank in India to implement an Express Remittance Facility from Abroad
  • First bank in India to provide RTGS facility in all its branches.
Head Office
Federal Bank H.O.
Federal Towers,
Aluva-683101
Kerala, India.
Phone: 2623620, 2623621, 2623622, 2623623, 2623624, 26236
Fax: 2622672
Website: www.federalbank.co.in
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Dhanalakshmi Bank

The foundation of Dhanalakshmi Bank Limited was laid down on 14th November 1927, in the Thrissur district of Kerala. A group of innovative entrepreneurs had started the bank with a capital of Rs.11,000 and only 7 employees. Fifty years later, in the year 1977, it became a ‘Scheduled Commercial Bank’. The bank’s Corporate Office, situated at Thrissur, and Industrial Finance Branch, located in Kochi, has been accredited with certification under ISO 9001-2000. A professionally managed bank, Dhanalakshmi Bank boasts of substantial sophistication in its banking services.

Branches & ATMs
Dhanalakshmi Bank boasts of a network of 181 branches and 26 Extension Counters, which have been spread over the states of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Maharashtra, Gujarat, Delhi and West Bengal. At the same time, it has installed 72 networked ATMs in all those centers where high banking activity takes place. The main aim behind this is to provide easy banking access to the clients.

Sometime back only, Dhanalakshmi Bank received Reserve Bank of India’s nod for opening 66 branches and 380 ATMs, across India, in 2009. With this, the total customer outlets of Dhanalakshmi Bank will go up to 725, from the current 279. At the same time, it has been allowed, by the RBI, to open 5 Regional Offices in Kerala, at Thiruvananthapuram, Ernakulam, Thrissur, Palakkad and Kozhikode, apart from 2 Central Processing Centers at Thrissur and Hyderabad.

Financial Highlights
Till 31st March 2009, Dhanalakshmi Bank had serviced a business (subject to audit) of Rs. 8212 crores. In this were included Deposits of Rs.4969 crores and Advances of Rs. 3243 crores. In the nine-month period ending on 31st December 2008, the bank had made a profit of Rs. 35.20 crores, while, on the same date, its Capital Adequacy ratio was 14.33 percent and the outstanding amount under micro credit was Rs.130.55 crores.

Tech-Savvy Bank
Dhanalakshmi Bank is one of those financial institutions that have moved ahead with the changing times. It has used technology widely throughout its operations, with the aim of improving the quality of customer service. The Centralised Banking Solution (CBS) on the Flexcube Platform, offered by the bank in all of branches, allows its clients to reap the benefits of Anywhere/Anytime banking, through multiple delivery channels. The ‘Data Centre’ of Dhanalakshmi Bank, set up in Bangalore, keeps the networked system operational 24X7.

In keeping with the present times, Dhanalakshmi Bank has introduced tele-banking and Internet banking for its clients, at all the branches. At the same time, it has implemented centralized CMS software, with the CMS hub being located at the corporate office in Thrissur. Real Time Gross Settlement (RTGS) and National Electronic Fund Transfer (NEFT) Systems, assisting large value payments and settlements in real time on-line mode on a transaction-by-transaction basis, are the other tech-savvy services offered by the bank.

Products & Services
Dhanalakshmi Bank, after its tie-up with M/s Visa International, has introduced an International Debit Card for its clients. As a part of the effort, it has also joined CASHNET – the first independent nation-wide shared ATM network in India, National Financial Switch (ATM network) of the IDRBT – promoted by Reserve Bank of India and Cash Tree. This has allowed its clients, access to more than 25,000 ATMs in India. The bank has also ventured into life insurance (through M/s. MetLife India) & non-life insurance (through M/s. Oriental Insurance Co).

Being a depository participant of NSDL (National Security Depository Limited), Dhanalakshmi Bank offers Demat services as well, though through selected branches only. The bank has set up NRI Boutiques (Relationship Centres) at 9 locations in Kerala and has plans of opening specialized NRI outlets soon. The tie-ups with UAE Exchange & Financial Services for Xpress Money and Moneygram, Wallstreet Finance for Wallstreet instant cash and Indusind Bank Limited for Zoha Inc ensure fast money transfer.

Registered Office
Dhanalakshmi Buildings
Naickanal, Thrissur – 680 001
Kerala
Phone: 91-487- 2335104 / 2335190 / 2335131 / 2335177
Fax: 91-487- 2335367 / 2335580
Website: www.dhanbank.com

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Catholic Syrian Bank

With the Swadeshi Movement of early 20th century as its base, Catholic Syrian Bank was incorporated on 26th November 1920, in the Thrissur district of Kerala. The bank commenced its operations on 1st January 1921, with an authorized capital of Rs. 5 lakhs and a paid up capital of Rs. 45270. For the first two decades after its foundation, the bank concentrated solely on Kerala. Following the crash of Travancore National Quilon Bank in 1938 and Palai Central Bank in 1960, many of the small-scale banks came on the verge of collapsing, laying down the path of consolidation, through mergers and acquisitions.

It was in the decade of 1960 only, more specifically in 1964-65, that Catholic Syrian Bank Ltd took over the liabilities and assets of five small/medium sized banks in Kerala, taking the very first step towards expansion. In August 1969, the bank attained the distinction of being included in the Second Schedule to the Reserve Bank of India Act 1934. Six years later, in the year 1975, with its total Deposits crossing the mark of Rs.25 crores, the bank attained the status of “A” Class Scheduled Bank.

As Catholic Syrian Bank Ltd started moving on the path of success, a need was felt to providing training to the staff, which in turn resulted in the setting up of a Training College, in 1975. The very same year, the bank entered the field of Foreign Exchange. Soon, Data processing system was introduced in the bank and by November 1975, it has started using IBM Data processing machines for reconciliation of inter-branch accounts. The decade of 1970 also saw Catholic Syrian Bank opening new branches, with emphasis on remote rural belts.

Soon, the bank started flouting special schemes for catering to the credit needs of small scale industries, road transport operators, agriculturists and other self employed entrepreneurs. Even today, around 75 percent of the bank’s clientele belongs to small and economically weaker strata of the society. At the same time, around 80 percent of its branches are in rural and semi- urban areas. At present, the bank is making investments in money market and capital market instruments and also trying to increase its market share of corporate finance.

Branches, ATMs & Financial Highlights
Right now, the Catholic Syrian Bank boasts of a network of 363 branches and 1 extension counter, including NRI/SSI/Industrial Finance and Service branches. There are as many as 124 ATM centers of the bank, throughout India. It is also in the process of expanding the branches as well as ATM counters, in the near future. As of 2007-08, the bank had Capital & Reserves of 305.16 crore, Deposits of 5317.62 crore, Advances of 3313.56 crore and Investments of 1819.43 crore. Its capital adequacy ratio was 10.87 percent.

Products & Services

  • Insurance
  • Deposits
  • Advances
  • RTGS NEFT
  • International Money Transfer
  • NRI Services
Head Office
The Catholic Syrian Bank Ltd
CSB Bhavan,
Head Office: P.B No. 502,
St. Mary’s College Road,
Thrissur – 680 020
Kerala, India
Phone: 91-487 – 2333020, 2333277, 2333420, 2333477, 2333493, 2333472, 2333469, 2333445, 2333261, 2338760, 2338759, 2338762, 2321137, 2332186, 2332058, 6451706, 6451708, 6451709
Fax: 91-487-2333435
Website: www.csb.co.in
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Bank of Rajasthan

A leading private sector bank, the Bank of Rajasthan was founded on the auspicious day of Akshya Tritiya on May 8, 1943, at Udaipur. Shri Rai Bahadur P.C. Chatterji, the then finance minister of the erstwhile Mewar Government, extensively contributed towards the establishment of the Bank. The bank started with a capital of only Rs. 10 lakhs. Late Seth Shri Govind Ram Seksaria, an eminent Industrialist, was the founder Chairman. It was, in 1948, that the Bank of Rajasthan became a scheduled bank.

Bank of Rajasthan was one among the first banks to take banking services, at the door step of customers. This was done, when it opened its first mobile branch in Jaipur on August 5, 1960, thereby initiating the concept of mobile branches. The Bank became one of the earliest banks in private sector sponsoring any rural (Gramin) bank, when it established the Mewar Anchlik Gramin Bank in Udaipur District in Rajasthan on January 26, 1983. Further in 1997, the bank achieved distinction, when its Jaipur branch qualified for ISO 9002:94 certification by Det Norske Veritas (DNV), London.

Branches & ATM Services
Presently, Bank of Rajasthan has a network of 398 Branches, with 37 Extension counters spread all over India. All of them are linked through computerized network. It has specialized forex, and industrial finance branches. Bank of Rajasthan has its head office in Jaipur, the capital city of Rajasthan. Bank of Rajasthan has a tie-up with Corporation Bank, Axis Bank, member banks of Cash Tree Group and SBI for ATM usage. Bank of Rajasthan International Debit Card can be used at any of these ATMs.

Products & Services

  • Personal Banking
  • Commercial Banking
  • NRI Banking
  • Internet Banking
  • Credit Cards
  • Demat Services
  • Stamp Franking
  • Mutual Fund
  • Cash Management Services
  • Foreign Exchange
  • NEFT
  • RTGS
  • E-payment
  • Western Union Money Transfer
  • International Debit cum Credit Card
  • Bancassurance
  • Mobile Payment
Head Office
The Bank Of Rajasthan Ltd.
C-3 Sardar Patel Marg, C- Scheme
Jaipur – 302001
Rajasthan
India
Phone: 91-141-2381222-223-224, 91-141-2381972
Website: http://www.bankofrajasthan.com/
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Axis Bank

Axis Bank was formed as UTI Bank when it was incorporated in 1994 when Government of India allowed private players in the banking sector. The bank was sponsored together by the administrator of the specified undertaking of the Unit Trust of India, Life Insurance Corporation of India (LIC) and General Insurance Corporation ltd. and its subsidiaries namely National insurance company ltd., the New India Assurance Company, the Oriental Insurance Corporation and United Insurance Company Ltd. However, the name of UTI was changed because of the disagreement on terms and conditions of the bank authority over certain stipulations including royalty charged over the name from UTI AMC. The bank also wanted to have a new name from its pan-Indian as well as international business perspective. So from July 30, 2007 onwards the UTI bank was named as Axis Bank.

Axis Bank: Branches and Business
Set up with a capital of Rs. 115 crore- with UTI contributing Rs. 100 crore, LIC contributing Rs. 7.5 crore and GIC and its four subsidiaries contributing Rs. 1.5 crores, the bank came in operation with its first registered office at Ahmedabad . Today, Axis Bank has more than 726 branch offices and Extension Counters spread over 341 cities, towns and villages of the country. Presently, the authorized share capital of Axis Bank is Rs. 300 Crores and the paid up share capital is Rs. 232.86 Crores. The Axis bank is currently capitalized with Rs. 282.65 Crores with a public holding of 57.05% apart from the promoters. The FY2009 shows a net profit of Rs. 500.86 crore up by 63.24% yoy over the Net Profit of Rs. 306.83 crores for the thirdquarter of last year.

Axis Bank: Facilities and Services
Axis Bank its customers with all kinds of facilities that should be provided by a modern Bank. It deals with personalized as well as commercial banking. It has one of the largest spread ATM network in the country.

Corporate Facilities

  • Cash Credit
  • Working Capital Demand Loan
  • Export Finance
  • Short Term Loan
  • Term Loan
  • Clean Bill Discounting
  • LC Backed Bill Discounting
  • Co-Acceptance of Bills
  • Credit Facilities against Guarantee or Stand By Letter of Credit issued by Foreign Banks
  • Letter of Credit
  • Bank Guarantee
  • Solvency Certificates
Personal Facilities
  • Home Loans
  • Personal Loans
  • Car Loan
  • Zero Balance Savings Account
  • VBV – Online purchases using Credit Card
  • VBV / MSC – Online purchases using Debit Card
  • Mobile Banking
  • NRI Account
  • Study Loans
  • Mohur Gold
  • Easy Savings Account
Headquarters
Axis Bank
131, Maker Tower F,
Cuffe Parade, Colaba
Mumbai- 400002
Maharashtra
India Phone: 91 22 6707 4407.
Fax: 91 22 2218 6944
URL- www.axisbank.com
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