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The Indian Financial System Code (IFS Code or IFSC) is an alphanumeric code that facilitates electronic funds transfer in India. A code uniquely identifies each bank branch participating in the three main Payment and settlement systems in India: the National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS) and Immediate Payment Service (IMPS) systems.
Union Bank of India, commonly referred to as Union Bank, is an Indian public sector bank headquartered in Mumbai. It has 153+ million customers and a total business of Rs.19,84,842 crores. [ 8 ] After the merging with Corporation Bank and Andhra Bank , which came into effect on 1 April 2020, the merged entity became one of the largest PSU banks ...
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]
There are 33 state co-operative banks in India. The Andaman and Nicobar State Co-operative Bank Ltd. The Andhra Pradesh State Co-operative Bank Ltd. The Arunachal Pradesh State co-operative Apex Bank Ltd. The Assam Co-operative Apex Bank Ltd. The Bihar State Co-operative Bank Ltd.
Merged with the State Bank of India on 1 April 2017: Patiala: 16: State Bank of Indore: 1920: 2017: Merged with the State Bank of India on 1 April 2017: Indore: 17: Imperial Bank of India: 1921: 1955: Renamed as the State Bank of India in 1955: India: 18: State Bank of Saurashtra: 1925: 2017: Merged with the State Bank of India on 1 April 2017 ...
Ministry of Finance , Government of India. Website. ubgb .in. Uttar Bihar Gramin Bank is a regional rural bank (RRB) in the State of Bihar, India. [1] It is under the ownership of Ministry of Finance, Government of India. It is one of the largest regional rural banks in India in terms of branch network, staff strength and area of operation.
United Bank of India ( UBI) was an Indian nationalized bank which provided financial and banking services. Established in 1950 and headquartered in Kolkata, the bank was nationalised by the government of India in 1969 becoming one of public sector banks in the country. The bank has been amalgamated with Punjab National Bank, along with Oriental ...
Oriental Bank of Commerce (OBC) was an Indian public sector bank headquartered at Gurgaon, Haryana. It had 2390 branches and 2625 ATMs across India. It had 2390 branches and 2625 ATMs across India. In April 2020, the bank along with United Bank of India was merged with Punjab National Bank , making the latter the second-largest public sector ...