Bharat Overseas Bank Ltd. | India directory

Bharat Overseas Bank, a fast growing Chennai-based Indian private sector bank has a unique history behind it.Established to take over from Indian Overseas Bank's Bangkok branch, in Thailand in 1973, it is the only private bank permitted by the Reserve Bank of India to have a branch outside India. Bharat Overseas Bank was promoted by seven banks, and is the only bank to represent India in Thailand, serving the Indian ethnic business community for over 25 years. Ever since its inception, Bharat Overseas Bank has created a name for itself for being a “Customer's Bank”.

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1. Bharat Overseas Bank Ltd.

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2. State Bank of Saurashtra

State Bank of Saurashtra is a growing and progressive institution, with its roots firmly entrenched in the soil of Saurashtra. The region of Saurashtra, which at present forms a part of Gujarat State, comprised of many small, medium and large princely states, prior to 1948. The states of Bhavnagar, Rajkot and Porbandar, which were among the larger states and the two smaller states, viz. Palitana and Vadia, had established their own Darbar Banks. Out of these five, Bhavnagar Darbar Bank had been established in the year 1902, to which we owe our origin. These Banks were mainly catering to the needs of the respective princely states, acting as the repository for the states' treasures as also the peoples' savings. After the princely states were integrated to form Saurashtra state in 1948, a need was felt to amalgamate these banks and make them a state-owned bank was felt to serve as an instrument for developing the economy of the region. Accordingly, the Bhavnagar Darbar Bank was formed into a statutory corporation, called STATE BANK OF SAURASHTRA, under the Saurashtra State Bank ( Amalgamation ) Ordinance, 1950 and the four Darbar Banks - Rajkot State Bank, Porbandar State Bank, Palitana Darbar Bank and Vadia State Bank - were merged with it with effect from 1st July, 1950 as its branches.

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3. Nilambur Co-operative Urban Bank

The Bank started in 1939, with 50 members and capital of Rs.500/- each, the bank now has grown to 23073 members and Rs. 149.70 Lakhs Share Capital. Esteemed individuals have put huge amount of effort put to bring the bank into such a position. Senior Raja Sri. T.N. Manavedan Tirumoolpad of Nilambur Kovilakam was the first member for the bank. The foremost presidents of the bank were Sri. T.N. Veerarayan Raja, Sri.Manavikraman Raja, Sri. T.N. Kochunni Tirumoolpad and with their outstanding performance they were able to get the strong belief from the people. After that continuously for 35 years Sri.Pulakkal Kuttikrishnan Nair was the President of the Bank. Due to aging reasons, in 1980 he kept away from administrating the bank. By the time he was able to open branches at Vandoor and Kalikave. He was able to bring 17 panchayaths under the banks operation area and also was able to make the bank financially strong by this time.

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4. Allahabad Bank

The Oldest Joint Stock Bank of the Country, Allahabad Bank was founded on April 24, 1865 by a group of Europeans at Allahabad. At that juncture Organized Industry, Trade and Banking started taking shape in India. Thus, the History of the Bank spread over three Centuries - Nineteenth, Twentieth and Twenty-First.Nineteenth CenturyApril 24, 1865 The Bank became a part of P & O Banking Corporation's group with a bid price of Rs.436 per share, 1890's By the end of the Century, the Bank had its Branches at Jhansi, Kanpur, Lucknow, Bareilly, Nainital, Calcutta & Delhi,

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5. Punjab Maharashtra Co-operative Bank Ltd.

The PMC bank has commenced its operations on 13th February, 1984 with an aim to provide banking services that gives the customer utmost ease and convenience. With a short span of just 16 years, it has achieved SCHEDULED STATUS on 29/01/2000 and is the YOUNGEST CO-OPERATIVE BANK to achieve the status.

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