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Tamil Nadu Grama Bank (TNGB) is a regional rural bank headquartered at Salem in Tamil Nadu, India. The bank is jointly owned by the central and state governments and sponsored by the Indian Bank. It is under the ownership of the Ministry of Finance, Government of India.
The bank moved its headquarters from Bombay to London in 1845, and opened branches in Colombo (1843), Calcutta (1844), Shanghai (1845), Canton (1845), Singapore (1846), and Hong Kong (1846). [4] The bank acquired the failing Bank of Ceylon in 1850, and obtained a royal charter for the merged institution under the name Oriental Bank Corporation ...
In 1849, the bank was on the verge of failure. The bank was finally closed in the year 1850. Legacy. The bank is notable for being the twenty eighth oldest bank in India. The bank played a key role in the history of Banking in India. See also. Banks portal; Indian banking; List of banks in India; References
The first phase of the bank, with 650 branches and 3,250 post offices as access points was inaugurated on 1 September 2018. [5] [6] Over ten thousand postmen have been roped into the first phase. [7] [8] By September 2020, the bank had acquired about 3.5 crore customers. [9] The bank had acquired about 4 crore customers by December 2020.
On 6 August 2024, during the Russian invasion of Ukraine as part of the Russo-Ukrainian War, the Armed Forces of Ukraine launched an incursion into Russia's Kursk Oblast and clashed with the Russian Armed Forces and Russian border guard.
Corporation Bank [5] was a public-sector banking company headquartered in Mangalore, India.The bank had a pan-Indian presence. Presently, the bank has a network of 2,432 fully automated CBS branches, 3,040 ATMs, and 4,724 branchless banking units across the country. [6]
The bank provided employment opportunities to the educated members of the local community. It had an initial paid-up capital of ₹8,000. It was unlike other banks which primarily financed trade and industries in urban areas. So as a new bank, Syndicate Bank decided to exploit the untapped small and medium enterprise and the agriculture sector. [2]
A 2010 stamp dedicated to Sorabji Pochkhanawala and the 100th anniversary of the Central Bank of India. The Central Bank of India was established on 21 December 1911 by Sir Sorabji Pochkhanawala with Sir Pherozeshah Mehta as chairman, [6] and the first commercial Indian bank completely owned and managed by Indians.