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Old December 15th, 2016, 03:36 PM
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Default Merger of Nainital Bank

Hi buddy I heard Bank of Baroda decided to merge its associate Nainital Bank with the parent institution, is it so , plz let me know ??
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Old December 15th, 2016, 05:43 PM
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Join Date: Apr 2013
Posts: 28,553
Default Re: Merger of Nainital Bank

Nainital Bank Limited is a scheduled commercial bank founded in 1922. It is a subsidiary of Bank of Baroda, the second largest bank in India.

As per our sources Bank of Baroda had decided to merge its associate Nainital Bank with the parent institution but bowing to mounting public pressure against its move to merge Nainital Bank, a premier private bank of the Kumaon region, with the Bank of Baroda (BOB), the Reserve Bank of India (RBI) has finally withdrawn its decision,

Bank profile :

Industry Banking

Financial services

Investment services

Founded 1922

Headquarters Seven Oaks Building, Mallital, Nainital, Uttarakhand, India

Key people Mukesh Sharma (Chairman & CEO)

Products Finance and insurance

Consumer banking

Corporate banking

Investment banking

Investment management

Private banking

Parent Bank of Baroda
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