Bank of Rajasthan

The BANK OF RAJATHAN Ltd.

Type	Private company (BSE),
Industry	Banking Loan Capital Markets and allied industries
Founded	1943
Headquarters	Clock Tower, Udaipur, India
Key people	G. Padmanabhan (MD & CEO)
Products	Loans, Savings, Investment vehicles, etc.
Revenue	₹15,073.344 million (US$220 million) (year ended March 2009)
Net income	₹1,177.119 million (US$17 million) (March 2009)
Website	http://www.bankofrajasthan.com

The Bank of Rajasthan Ltd (Hindi: बैन्क ओफ राजस्थान) (BSE: / (500019 ) was a private sector bank of India which merged with ICICI Bank in 2010.

History

It was set up at Udaipur in 1943 with an initial capital of Rs.10.00 lacs. An eminent Industrialist Late Seth Shri Govind Ram Seksaria was the founder chairman and Late Shri Dwarka Prasad Gupta was the first General Manager. It was classified as the Scheduled Bank in 1948. The Bank also established a rural (Gramin) bank Mewar Anchlik Gramin Bank in Ahmedabad District in Gujarat on 26 January 1983.

The bank's central office is located at Jaipur, although its registered office is in Udaipur. Presently the bank has 463 branches,^[1]^[2] in 24 states, with 294 of the branches being in Rajasthan.

Merger With ICICI Bank

RBI was critical of BOR's promoters not reducing their holdings in the company. BOR has been merged with ICICI Bank. ICICI paid Rs.30 billion for it. Each 118 shares of BOR will be converted into 25 shares of ICICI Bank.^[3]^[4]^[5] dated 12 Oct 1998

References

↑ The Bank Of Rajasthan Ltd.-Together We Prosper
↑ Bank of Rajasthan – Bank of Rajasthan India – Bank Of Rajasthan Ltd
↑ "BoR to be merged with ICICI". The Times of India. 18 May 2010. Retrieved 2010-08-20.
↑ "Bank of Rajasthan to merge with ICICI". The Times of India. 23 May 2010. Retrieved 2010-08-20.
↑ "ICICI-BoR merger deal valued at Rs 3041 crore". The Times of India. 24 May 2010. Retrieved 2010-08-20.

External links

Banking in India

Reserve bank	Reserve Bank of India

Public sector banks	Allahabad Bank Andhra Bank Bank of Baroda Bank of India Bank of Maharashtra Bharatiya Mahila Bank Canara Bank Central Bank of India Corporation Bank Dena Bank IDBI Bank Indian Bank Indian Overseas Bank Oriental Bank of Commerce Post Bank of India Punjab & Sind Bank Punjab National Bank State Bank of Bikaner & Jaipur State Bank of Hyderabad State Bank of India State Bank of Mysore State Bank of Patiala State Bank of Travancore Syndicate Bank UCO Bank Union Bank of India United Bank of India Vijaya Bank

Private sector banks	Axis Bank Bandhan Bank Catholic Syrian Bank City Union Bank DCB Bank Dhanlaxmi Bank Federal Bank HDFC Bank ICICI Bank IDFC Bank IndusInd Bank Jammu & Kashmir Bank Karnataka Bank Karur Vysya Bank Kotak Mahindra Bank Lakshmi Vilas Bank Nainital Bank RBL Bank (Ratnakar Bank) South Indian Bank Tamilnad Mercantile Bank Limited Yes Bank

Cooperative banks	Buldhana Urban Cosmos Bank Repco Bank Saraswat Bank Shamrao Vithal Co-op. Bank TNSC Bank Rajkot Nagrik Sahakari Bank

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Regional Rural Banks	Andhra Pragathi Grameena Bank Kerala Gramin Bank Bangiya Gramin Vikash Bank Gramin Bank of Aryavart North Malabar Gramin Bank Pallavan Grama Bank Pandyan Grama Bank Paschim Banga Gramin Bank Sarva UP Gramin Bank South Malabar Gramin Bank Uttar Bihar Gramin Bank Vananchal Gramin Bank List of regional rural banks in Uttar Pradesh

Interbank networks	BANCS Cashnet Cirrus IMPS UPI MITR NFS PLUS RuPay

Defunct banks	Alliance Bank of Simla Arbuthnot & Co Bank of Bombay Bank of Calcutta Bank of Chettinad Bank of Cochin Bank of Hindostan Bank of Madras Bank of Madura Bank of Rajasthan Bank of Thanjavur Bareilley Corporation Bank Bengal Central Bank Bharat Overseas Bank Centurion Bank of Punjab Chartered Bank of India, Australia and China Commercial Bank of India Dass Bank Exchange Bank of India & Africa Global Trust Bank Grindlays Bank Hindustan Commercial Bank Imperial Bank of India ING Vysya Bank Lakshmi Commercial Bank Lord Krishna Bank Madhavpura Mercantile Cooperative Bank Mercantile Bank of India, London and China Miraj State Bank Nath Bank Nedungadi Bank New Bank of India Oriental Bank Corporation Oudh Commercial Bank Palai Central Bank Pandyan Bank Sikkim Bank State Bank of Indore State Bank of Saurashtra Times Bank United Industrial Bank United Western Bank

Related topics	Banks Board Bureau Banking Codes and Standards Board of India ATM usage fees in India De-Materialisation (DEMAT) Foreign Exchange (FOREX) Indian Financial System Code (IFSC) List of banks in India National Electronic Fund Transfer (NEFT) National Payments Corporation of India Real Time Gross Settlement (RTGS) Structured Financial Messaging System (SFMS) Prepaid Payment Instruments in India

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