PROJECT REPORT ON : PUBLIC SECTOR BANKS

IN PARTIAL FULFILLMENT OF THE DEGREE AWARDED AT -

B.COM (ACCOUNTING & FINANCE) SEMESTER VI

SUBMITTED TO UNIVERSITY OF MUMBAI FOR ACADEMIC YEAR 2021-2022 UNDER

THE GUIDANCE

OF PROF. NILIMA BHAGAVAT SUBMITTED BY NAME-SHRIHARI.R.NAIR ,

ROLLno-106

VIVA COLLEGE OF ARTS, COMMERCE AND SCIENCE VIRAR (WEST), 401303

 DECLARATION
I, Hereby Declare that the Project Titled PUBLIC SECTOR BANKS is an original work prepared by
me and is being submitted to University of Mumbai in partial fulfillment of B. Com.
(ACCOUNTING & FINANCE) degree for the academic year 2021- 2022. To the best of my
knowledge this report has not been submitted earlier to the University of Mumbai or any other
affiliated college for the fulfillment of B.Com (ACCOUNTING & FINANCE) degree.

Date:

Place :

Name :

Signature:

ACKNOWLEDGEMENT
I, SHRIHARI.R.NAIR the student of VIVA College pursuing my B.COM (ACCOUNTING &
FINANCE), would like to pay the credits, for all those who helped in the making of this project.
The first in accomplishment of this project is our Principal Dr. A. P.Pandey, VicePrincipal Prof.
Prajakta Paranjape, Course Coordinator Dr.Audrin Colaco and Guide DR. Nilima Bhagawat
and teaching & non teaching staff of VIVA college. I would also like to thank all my college
friends those who influenced my project in order to achieve the desired result correctly.

DATA COLLECTED:

All the data collected for this topic are all secondary data.
INDEX FOR THIS ASSIGNMENT:

. INTRODUCTION
. MEANING and DEFINITION
. HISTORY
-emergence of public sector banks
-objectives of nationalization
-before the economic liberalization
-mergers
. HOW IT WORKS
. ADVANTAGES OF PUBLIC SECTOR BANKS
. DISADVANTAGES OF PUBLIC SECTOR BANKS
. CENTRAL PUBLIC SECTOR UNITS(banks)
-STATE BANK OF INDIA : -introduction
-history
-logo of state bank of India
-Subsidiaries
.domestic
. international
- former associate banks
- non-banking subsidiaries
- listings and shareholdings
-employees
-fraud with sbi
BANK OF BARODA : -introduction
-history
-milestones
-subsidiaries
-international presence
-shareholdings
-affiliates
-corruption controversies
-frauds with BANK OF BARODA

CANARA BANK : -introduction

-founding principles
-subsidiaries
-sponsored RRBs
-controversies
-shareholding pattern
PUNJAB NATIONAL BANK: -History
 -Milestones
-Mission and vission
-Employees
-Subsidiaries
. Domestic
. International
-Associate
. Domestic
.International
- Merger and acquisition
-Amalgamation
-Shareholdings
- Fraud case

Indian bank: -Introduction

-Vission and mission

-History

-Amalgamation

-Key milestones

-Shareholdings

-Overseas branches

Union Bank of India -Introduction

-Overseas branches and employees

-Capital structure

-History

-Logo

-Amalgamation

-Corporate Social Responsibility

-Joint ventures

-Subsidiaries
 -Associates

-Shareholdings

Bank of India :-Introduction

-History

-Mission vission and quality policy

-Subsidiaries

-Overseas branches of BOI

-Shareholding pattern

-Controversies

Central Bank of India -Introduction

-Corporate vission and mission

-Subsidiaries

-Shareholdings

BANK OF MAHARASHTRA :-Introduction

-History

-Shareholdings

UCO Bank -Introduction

-History

-Logo and Motto

-Vission and mission

-Regional management
 -International presence

-Fund based credit facilities

-Shareholding pattern

Indian Overseas Bank -Introduction

-History

-Objectives

-Joint ventures

-Overseas branches

-Milestones

-Shareholding pattern

Punjab and Sind Bank -Introduction

-History

-Vission and mission

-Shareholding pattern

Other RURAL BANKS OF INDIA

. REASONS and IMPACT OF PRIVATIZATION OF

PSU’s

. POSITIVE and NEGATIVE EFFECTS

. CONCLUSION

.BIBILIOGRAPHY
INTRODUCTION

Banks are the most important financial institutions in the world. Thanks to the banking
system, all financial transactions possible without much hassle. People can save their
money in banks, take loans, and transfer funds easily through bank accounts. However,
all banks are not the same. According to their stakeholders, banks can be classified into
two types. These are Public sector banks and private sector banks. Even though both
types of banks offer similar services to the public, but there are some major differences
in-between them. Let’s take a closer look and see what is public sector bank and how
does it work.

MEANING:
Public sector banks are those banks where the government holds more than 50%
ownership.

-with these government regulates financial guidelines

-The officers working for these entities and their subsidiaries are gazetted officers.

-The employees subordinate to the officers working for these respective entities and
their subsidiaries are also full-fledged government employees

- The shares of these banks are listed on stock exchanges.

- Their main objective is social welfare

DEFINITION:
Public Sector Banks (PSBs) are a major type of government owned banks in India,
where a majority stake (i.e. more than 50%) is held by the ministry of finance of the
government of india or state ministry of finance of various state governments of india.

History;
-Emergence of public sector banks
The Central Government entered the banking business with the nationalization of the
Imperial Bank of India in 1955. A 60% stake was taken by the Reserve Bank of India and
the new bank was named State Bank of India. The seven other state banks became
subsidiaries of the new bank in 1959 when the State Bank of India (Subsidiary Banks)
Act, 1959 was passed by the Union government.

The next major government intervention in banking took place on 19 July 1969 when
the Indira government nationalized an additional 14 major banks. The total deposits in
the banks nationalized in 1969 amounted to 50 crores. This move increased the
presence of nationalized banks in India, with 84% of the total branches coming under
government control.
OBJECTIVES OF NATIONALISATION OF BANKS

-To provide credit for agriculture , small scale industries and the export sector

-To reduce monopoly

-To introduce an element of professionalism in the management and working of banks

-To mobilize the deposits of public and expansion of branches in rural areas

-Before the economic liberalisation

The share of the banking sector held by the public banks continued to grow through the
1980s, and by 1991 public sector banks accounted for 90% of the banking sector. A year
later, in March, 1992, the combined total of branches held by public sector banks was
60,646 across India, and deposits accounted for ₹1,10,000 crore. The majority of these
banks was profitable, with only one out of the 21 public sector banks reporting a loss.

Liberalisation in the 2000s

The nationalised banks reported a combined loss of ₹1160 crores. However, the early
2000s saw a reversal of this trend, such that in 2002-03 a profit of ₹7780 crores by the
public sector banks: a trend that continued throughout the decade, with a ₹16856 crore
profit in 2008–2009.

MERGERS;
The consolidation of SBI-associated banks started first by State Bank of India merging
its subsidiary State Bank of Saurashtra with itself on 13 August 2008. Thereafter it
merged State Bank of Indore with itself on August 27, 2010. The remaining subsidiaries,
namely the State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of
Mysore, State Bank of Patiala and State Bank of Travancore, and Bharatiya Mahila Bank
were merged with State Bank of India with effect from 1 April 2017.

Vijaya Bank and Dena Bank were merged into Bank of Baroda in 2018.IDBI Bank was
categorised as a private bank with effect from January 2019.

On 30 August 2019, Finance Minister Nirmala Sitharaman announced the government's

plan for further consolidation of public sector banks: Indian Bank's merger with
Allahabad Bank (anchor bank - Indian Bank); Punjab National Bank's merger with
Oriental Bank of Commerce and United Bank (anchor bank - Punjab National Bank);
Union Bank of India's merger with Andhra Bank and Corporation Bank (anchor bank -
Union Bank of India); and Canara Bank's merger with Syndicate Bank (anchor bank -
Canara Bank). The mergers took effect from 1 April 2020.

HOW IT WORKS?

Public sector banks are those banks where the government holds more than 50%
ownership.

With these banks, the government regulates the financial guidelines. Because of
government ownership, most depositors believe that their money is more secured in
public sector banks. As a result, most public sector banks have a large customer base

For example, The State bank of India (SBI) is the largest public sector bank in India. In
this bank, the Indian government holds more than 56.92% share. A large part of the
remaining share is also traded in the indian stock market.

Relative to other banks, the employees of public sector banks enjoy more job security.
They also enjoy other perks like pension after retirement. For this reason, many of these
employees are reluctant to give their best service. As a result, the rate of loan defaulter
is much higher in public sector banks. The promotion in the public sector banks is based
on seniority, which de-motivate many employees.

Most public sector banks offer less customized service to customers. As a result,
Customer complaint due to poor service is very common in public sector banks.
However, public sector banks offer more interest rate to the customer. Customers can
also get different loans with a small interest rate.
ADVANTAGES OF PUBLIC SECTOR BANKS

Multiple advantages are associated with using public sector banks. For this reason, these
banks have millions of customers. Here are some advantages customers get from public
sector banks.

1.SAFE

The first and foremost advantage of public sector banks is that they are safe
and people keeping money in fixed deposit and in saving account do not have to worry
about the safety of their funds as chances of default by public sector banks is next to nil
as government tends to bail out these banks in case they are in financial stress and
hence as far as individual is concerned his or her money will be safe even if bank has
financial problem.

2.LESS CHARGES

Another advantage of these banks is that there are less hidden charges
and also lower limit of amount to be held as minimum deposit as far saving account is
concerned, so for example in case of private banks minimum balance to be maintained
is anywhere between 5000 to 20000 rupees whereas in case of public sector banks it is
1000 rupees and in case of student account and no frill accounts it is 0.

3.JOB SECURITY

As far as employees are concerned these banks are more beneficial

because of job security and once an individual gets into public sector bank he or she
does not need to worry about retrenchment which is the case with private sector banks,
though at higher levels of management private banks pay higher remuneration to its
employees but at lower levels the exploitation is more in case of private banks as
compared to public sector banks.

4. Offer service to a large customer base

5.Offer their service to the rural part of the nation

6.Offer financial service through multiple branches

DISADVANTAGES OF PUBLIC SECTOR BANKS

Most public banks around the world are facing multiple challenges. These challenges are
also making them unpopular in public. Here are some disadvantages associated with
public sector banks.

Offer less customized service to the customers

The biggest disadvantage of public sector banks is that in terms of

technology they lag far behind as compared to private sector banks so if you are one of
those who do his or her majority of work online than public sector bank is not his or her
cup of tea. Although public sector banks are trying their best by upgrading their
technology still private sector banks hold an edge over them.

The big bureaucratic system at the management level

 Due to government share in public sector banks there is lot of
government intervention and due to it these banks have to give loans not on the basis of
merit of project but due to political pressure resulting in that loan becoming NPA which
will result in loss for the bank. Another area of distress due to government intervention
is opening various no frills account due to government seeking political mileage, also
opening branches in far-flung areas due to government financial inclusion program
affects the profitability of the banks.

3.Inability to a big financial decision quickly

4.Too many complaints against the employees for their poor service

5.Most public sector banks are suffering from big corruption scandals

6.High defaulter rate from the customer

7.Public sector banks spend lots of money on financial operation

CENTRAL PUBLIC SECTOR UNITS(BANKS)-as on June 21

State Bank of India (55%)

Bank of Baroda (64%)

Canara Bank (69.33%)

Punjab National Bank (73.1%)

Indian Bank (78.86%)

Union Bank of India (83.5%)

Bank of India (81.41%)

Central Bank of India (93.08%)

Bank of Maharashtra (93.33%)

UCO Bank (95.39%)

Indian Overseas Bank (96.4%)

Punjab and Sind Bank (98.07%)

NATIONALIZED BANKS

1.STATE BANK OF INDIA

-State Bank of India (SBI) is an Indian Multinational public sector

bank and financial services statutory body.

- Headquarters-MUMBAI,MAHARASHTRA
- SBI is the 43rd largest bank in the world and ranked 221st in the list of the world's
fortune global500 biggest corporations of 2020, being the only Indian bank on the list.

-It is a public sector bank and the largest bank in India with a 23% market share by
assets and a 25% share of the total loan and deposits market.

- It is also the fifth largest employer in india with nearly 250,000 employees.

HISTORY
-The origin of the State Bank of India goes back to the establishment of the Bank of
Calcutta in Calcutta on 2 June 1806.

-Three years later the bank received its charter and was re-designed as the Bank of
Bengal (2 January 1809).

-It was the first joint-stock bank of British India sponsored by the Government of
Bengal. The Bank of Bombay (15 April 1840) and the Bank of Madras (1 July 1843)
followed the Bank of Bengal.

-These three banks remained at the apex of modern banking in India till their
amalgamation as the Imperial Bank of India on 27 January 1921.

-When India attained freedom, the Imperial Bank had a capital base (including
reserves) of INR 11.85 crores, deposits and advances of INR 275.14 crores and INR
72.94 crores respectively, and a network of 172 branches and more than 200 sub-offices
extending all over the country.

-The All India Rural Credit Survey Committee recommended the creation of a state-
partnered and state-sponsored bank by taking over the Imperial Bank of India. Thus, an
act was passed in Parliament in May 1955 and the State Bank of India was constituted
on 1 July 1955.

-Later, the State Bank of India (Subsidiary Banks) Act was passed in 1959, enabling the
State Bank of India to take over eight former State-associated banks as its subsidiaries
(later named Associates).
Logo of State Bank of India

This was the first logo of the State Bank of India when it was founded on July 1st, 1955.
The Banyan Tree in the logo says that the bank has strong roots and is capable of
propagating and growing in all directions.
At present, the logo of the State Bank of India is a blue circle with a small cut at the
bottom. It was designed by Shekhar Kamat, an alumnus of the National Institute of
Design, Ahmedabad. The logo was unveiled on October 1, 1971, on the day of the
inauguration of the SBI Central Office building at Backbay Reclamation, Bombay.

This logo is open to several interpretations one of them is that The small circle and the
vertical line with the blue background suggest a keyhole — the symbol of safety, security,
and strength. It is also said the inspiration for this design came from Ahmedabad city's
Kankaria Lake.
SUBSIDIARIES

-SBI provides a range of banking products through its network of branches in India and
overseas, including products aimed at non-resident indians (NRIs).

-SBI has 16 regional hubs and 57 zonal offices that are located at important cities
throughout India.

DOMESTIC
. SBI has over 24000 branches in India.
. In the financial year 2012–13, its revenue was ₹2.005 trillion (US$27 billion), out of
which domestic operations contributed to 95.35% of revenue. Similarly, domestic
operations contributed to 88.37% of total profits for the same financial year.
. Under the PRADHAN MANTRI JAN DAN YOJANA of financial inclusion launched by
Government in August 2014, SBI held 11,300 camps and opened over 3 million accounts
by September, which included 2.1 million accounts in rural areas and 1.57 million
accounts in urban areas.

INTERNATIONAL
As of 2014–15, the bank had 191 overseas offices spread over 36 countries having the
largest presence in foreign markets among Indian banks.

• SBI Australia sbi branch at Sydney-australia

• SBI Bangladesh

• SBI Bahrain

• SBI Botswana
• The SBI Botswana subsidiary was registered on the 27th January 2006 and was
issued a banking license by the Bank of Botswana on the 29th July 2013. The
subsidiary handed over its banking license and closed its operations in the country.

State bank of india branch at TORONTO,Canada

• SBI Canada Bank was incorporated in 1982 as a subsidiary of the State Bank of
India. SBI Canada Bank is a Schedule II Canadian Bank listed under the Bank Act and is
a member of Canada Deposit Insurance Corporation.

• SBI China

• SBI (Mauritius) Ltd SBI established an offshore bank in 1989, State Bank of
India International (Mauritius) Ltd. This then amalgamated with The Indian Ocean
International Bank (which had been doing retail banking in Mauritius since 1979) to
form SBI (Mauritius) Ltd. Today, SBI (Mauritius) Ltd has 14 branches – 13 retail
branches and 1 global business branch at Ebene in Mauritius.

• Nepal SBI Bank Limited

In Nepal, SBI owns 55% of share. (The state-owned Employees Provident Fund of Nepal
owns 15% and the general public owns the remaining 30%.) Nepal SBI Bank Limited has
branches throughout the country.

• SBI Sri Lanka now has three branches located in Colombo, Kandy and Jaffna.
The Jaffna branch was opened on 9 September 2013. SBI Sri Lanka is the oldest bank in
Sri Lanka; it was founded in 1864.

In Nigeria, SBI operates as INMB Bank. This bank began in 1981 as the Indo–Nigerian
Merchant Bank and received permission in 2002 to commence retail banking. It now
has five branches in Nigeria.

. In Moscow, SBI owns 60% of Commercial Bank of India, with Canara Bank owning
the rest. In Indonesia, it owns 76% of PT Bank Indo Monex. State Bank of India already
has a branch in Shanghai and plans to open one in Tianjin.
. In Kenya, State Bank of India owns 76% of Giro Commercial Bank, which it
acquired for US$8 million in October 2005.

. SBI South Korea In January 2016, SBI opened its first branch in Seoul, South Korea.

. SBI South Africa

. SBI UK Ltd

State Bank of India branch at Southall, United Kingdom

SBI USA In 1982, the bank established a subsidiary, State Bank of India, which now has
ten branches—nine branches in the state of California and one in Washington, D.C. The
10th branch was opened in Fremont, California on 28 March 2011. The other eight
branches in California are located in Los Angeles, Artesia, San Jose, Canoga Park,
Fresno, San Diego, Tustin and Bakersfield.

Former Associate Banks

Main Branch of SBI in Mumbai

-SBI acquired the control of seven banks in 1960.

-These seven banks were State Bank of Bikaner and Jaipur (SBBJ), State Bank of
Hyderabad (SBH), State Bank of Indore (SBN), State Bank of Mysore (SBM), State Bank
of Patiala (SBP), State Bank of Saurashtra (SBS) and State Bank of Travancore (SBT).
All these banks were given the same logo as the parent bank, SBI.
-In 2008 September, SBS merged with SBI. The very next year, State Bank of Indore
(SBN) also merged.

-Following a merger process, the merger of the 5 remaining associate banks, (viz. State
Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank
of Patiala, State Bank of Travancore); and the Bharatiya Mahila Bank) with the SBI was
given an in-principle approval by the Union Cabinet on 15 June 2016. This came a
month after the SBI board had, on 17 May 2016, cleared a proposal to merge its five
associate banks and Bharatiya Mahila Bank with itself.

-On 15 February 2017, the Union Cabinet approved the merger of five associate banks
with SBI. The merger went into effect from 1 April 2017.

State Bank of India Mumbai LHO

Non-banking subsidiaries

Apart from five of its associate banks (merged with SBI since 1 April 2017), SBI's non-
banking subsidiaries include:

• SBI Capital Markets Ltd

• SBI Cards & Payments Services Pvt. Ltd. (SBICPSL)

• SBI Life Insurance Company Limited

• SBI Mutual Fund

-In March 2001, SBI (with 74% of the total capital), joined with BNP Paribas (with 26%
of the remaining capital), to form a joint venture life insurance company named SBI Life
Insurance company Ltd.

-the SBI group had 59,291 ATMs. Since November 2017, SBI also offers an integrated
digital banking platform named YONO.

Yes Bank Investment

State Bank of India acquired 48.2% of the shares of Yes Bank as part of RBI directed
rescue deal in March 2020.

Listings and shareholding

Government of India holds around 61.23% equity shares in SBI. The Life Insurance
Corporation of India, itself state-owned, is the largest non-promoter shareholder in the
company with 8.82% shareholding.

Shareholders Shareholding

Promoters: Government of India 56.92%

FIIs/GDRs/OCBs/NRIs 10.94%

Banks & Insurance Companies 10.63%

Mutual Funds & UTI 13.72%

Others 07.79%

Total 100.0%

The equity shares of SBI are listed on the Bombay Stock Exchange, National Stock
Exchange of India, Its Global Depository Receipts (GDRs) are listed on the London
Stock Exchange.

Employees
State Bank Institute of Credit and Risk Management, Gurugram
-SBI is one of the largest employers in the world with 245,652 employees as on 31 March
2021.
-Out of the total workforce, the representation of women employees is nearly 26%. The
percentage of Officers, Associates and Subordinate staffs was 44.28%, 41.03% and
14.69% respectively on the same date.
-Each employee contributed a net profit of ₹828,350 (US$11,000) during FY 2020–21.

FRAUDs with SBI

-ABG Shipyard, the flagship entity of ABG Group, has been reportedly booked by the
Central Bureau of Investigation (CBI) over an alleged Rs 22,842-crore financial fraud
.This is the biggest bank fraud case ever registered by the CBI, official quoted by wires
agencies said. The case pertained to funds gotten and misused during the 2012-17
period. Between 2012-17, the accused in the case colluded together and engaged in
diversion of funds, misappropriation and criminal breach of trust, the forensic
investigation showed.
As many as 28 banks and financial institutions were victims of the alleged scam, as per
the report. Funds given by these bodies were used for purposes other than for which
they were given, CBI's FIR said .State Bank of India has filed a complaint over the scam
.It says the company owes it Rs 2,925 crore

-the private company based at Mumbai with bank officials for causing an alleged loss of
Rs 2,435 crore (approx.) to the State Bank of India and other consortium member
banks,
BANK OF BARODA

It is a nationalised bank and financial service company

Foumded on:1908 20th July by Sayajirao_Gaekwad_III

Headquarters : Vadodara, Gujrat also known as baroda earlier.

Fourth largest nationalised bank with 132 million customers,

In 2020 Ranked 19th in fortune india 500 with networth of 76,104.29 crore rs

It has 8,214 Branches and10,033 ATMs as of 2020

HISTORY

Maharaja Sayajirao Gaekwad III

The bank was founded by the Maharaja of Baroda, Maharaja Sayajirao Gaekwad III on

20 July 1908. The bank, along with 13 other major commercial banks of India, was

nationalised on 19 July 1969, by the Government of India and has been designated as a

profit-making public sector undertaking (PSU).

HISTORY

The bank was founded by the Maharaja of Baroda, Maharaja Sayajirao Gaekwad III on
20 July 1908. The bank, along with 13 other major commercial banks of India, was
nationalised on 19 July 1969, by the Government of India and has been designated as a
profit-making public sector undertaking (PSU).

MILESTONES

1908-the bank was set up at Baroda by the maharaja of Baroda , Sir SAYAJIRAO
GAEKWAD-3

-first branch MANDVI , BARODA

1937 -first branch at Calcutta

1949 -first branch at Delhi

1953 -first overseas branch at Mombassa Kenya

1957 -established its operations in United Kingdom at London

1968 -establish Department of Agriculture finance

1969 -nationalisation of banks the Bank of Baroda limited became Bank of Baroda

1976 -open first of its 19 regional rural banks

1996 -one of the first nationalized banks to tap capital market through public issue of
equity shares

2002 - relocated its corporated headquarters to the imposing baroda corporate centre
at bandra kurla complex in Mumbai

2003- launched baroda swarajgar vikas sansthan an exclusive institution for training of
the rural youth

2004 to 2006 - strategic tie ups with non life and life insurance companies for
bancassurance

2005 - . launched the new corporate identity the baroda SUN

. signed contract with Hewlett Packard as technology partner

. Commissioned state of the art global data centre

2006 - established India’s first retail loan factory built around assembly line
production principle and innovative sales and delivery model

-launched core banking solution and Internet banking

- establish India’s first SME loan factory built around assembly line production
principle an innovative sales and delivery model

2006 to 2009 - strategic tie ups with asset management companies

2007 - establish India first Gen next branch a unique fusion of high tech and high
touch band dedicated to youth

-interconnected 24 hours ATM network

-established Bank of Baroda grameen paramarsh kendra- in quest of corporate

social responsibilities

-association with India infoline for offering online trading platform for equity
and derivatives trading

- set up a joint venture for mutual funds baroda pioneer asset management Co
limited with pioneer investment of Italy
 2007 to 2008 - 100 years young organization celebrated completion of 100 years of
establishment

2009 - 100% implementation of core banking solution and anytime anywhere banking
facility (domestic)

- launched banks BPR project project NAVNIRMAAN covering BPR and

organizational restructuring and modernisation of branches

- set up a joint venture for life insurance India’s first Life insurance company
limited with legal and general of UK and Andhra bank

2010 - launched brand mascot stickman increasing usage of alternate delivery channels

2011 - launched ‘baroda M connect’ the mobile banking facility for banking transactions
using mobile phone

-Launched signature tunes for enhancing the brand value by adding sonic edge to
the bank

-A global network of 3500+branches and 1700+networked ATMs offering an all

inclusive ANY TIME ANYWHERE BANKING

2013 - opening of 100th overseas branch in Dubai

- launched pilot agri loan factory

-launched e-lobby concept of 24x 7 banking encompassing various banking

facilities under one roof

2014 - launched baroda ADARSH GRAMEEN branch an innovative rural branch

concept of engaging villagers

-launched doorstep banking services

-names brand mascot as Bob Mitra dost you can bank on more than 25,000
customer touchpoints 5000 plus branches 6250 plus ATMs in 25 countries

2019 - amalgamation of erstwhile dena bank and erstwhile vijaya bank with Bank of
Baroda

-launch of baroda kisaan application

-roll out of baroda startup banking initiative

2020 - inauguration of Bank of Baroda IIT Bombay innovation centre

 -launch of baroda insta smart trade

SUBSIDIARIES

1. BOB Capital Markets (BOBCAPS) is a SEBI-registered investment banking

company based in Mumbai, Maharashtra. It is a wholly owned subsidiary of Bank of
Baroda. Its financial services portfolio includes IPOs, private placement of debts,
corporate restucturing, business valuation, mergers and acquisition, project appraisal,
loan syndication, institutional equity research, and brokerage.

2. The Nainital Bank Ltd. (98.57%) was established in the year 1922 with the
objective to cater banking needs of the people of the region. In the year 1973, Reserve
Bank of India directed Bank of Baroda, to manage the affairs of the Nainital Bank
Limited.

3. BOB Financial Solutions Limited

4. Baroda Asset Management India Limited

5. India First life Insurance Company Limited (44%)

6. India Infradebt Limited (40.99%)

7. BOB (UK) Limited

8. Baroda Global Shared Services Ltd.

9. Baroda UP Bank
INTERNATIONAL PRESENCE

(bank of baroda bank ,MANCHESTER)

-The bank has 107 branches/offices in 24 countries (excluding India) including 61

branches/offices of the bank, 38 branches of its 8 subsidiaries and 1 representative
office in Thailand. The Bank of Baroda has a joint venture in Zambia with 16 branches.

-The bank is engaged in retail banking via the branches of subsidiaries in Botswana,
Guyana, Kenya, Tanzania, and Uganda

-It has a large presence in Mauritius with about nine branches spread out in the country.

- it seeks to establish joint ventures or subsidiaries in Trinidad and Tobago and Ghana,
received permission or in-principle approval from host country regulators to open new
offices

-The bank has received Reserve Bank of India approval to open offices in the Maldives,
and New Zealand.

-It is seeking approval for operations in Bahrain, South Africa, Kuwait, Mozambique,
and Qatar, and is establishing offices in Canada, New Zealand, Sri Lanka, Bahrain, Saudi
Arabia, and Russia.

- It also has plans to extend its existing operations in the United Kingdom, the United
Arab Emirates, and Botswana
The tagline of Bank of Baroda is "India's International
Bank".

SHAREHOLDINGS

The shareholding structure of the bank is as follows:

Shareholders Shareholding %

Government of INDIA 63.97%

Mutual Funds 8.75%

Insurance Companies 5.75%

Foreign Holding 7.82%

Indian Public 13.24%

Bodies Corporates 1.01%

Others 1.30%

AFFILIATES

India First Life Insurance Company is a joint venture between Bank of Baroda (44%)
and fellow Indian state-owned bank Andhra Bank (30%), and UK's financial and
investment company Legal & General (26%).It was incorporated in November, 2009
and has its headquarters in Mumbai. The company started strongly, achieving a
turnover in excess of ₹ 2 billion in its first four and half months

Bank of Baroda and HDFC Bank are partner banks in Chillr Mobile app. Non-partner
bank customers can only receive funds. Only the mobile number of the beneficiary in the
remitter's phonebook is needed. Application enables customers to send money to any
registered Chillr user on phone contact list

CORRUPTION CONTROVERSY

On the 4 September 2017 the South Africa Financial Intelligence Centre fined Bank of
Baroda ₹ 11 million for flouting anti-corruption laws in transactions on accounts owned
by the Gupta family. Following the flagging of 36 suspicious transactions through
Gupta-family-owned accounts over a ten-month period valued at ₹4.2 billion, the bank
tried to close the accounts. The Gupta family has filed an interdict against the bank to
prevent it from closing their accounts. During February 2018, it was announced that the
Bank of Baroda has given notification to the South African Reserve Bank that it will be
exiting the country.

The bank played a crucial role in the Gupta family's business dealings. According to a
report by the Organized Crime and Corruption Reporting Project (OCCRP), the Bank of
Baroda allowed the Gupta family to move millions of dollars in alleged corrupt business
transactions to offshore accounts. Although the Bank of Baroda denies the illicit
behavior, the documents report that the bank's South African branch issued unapproved
loan guarantees, ignored internal compliance efforts, and averted regulators from
learning about suspicious transactions in a way that benefited the Guptas’ network.
Around 4.5m Rand has circulated around a handful of Gupta-associated companies
between 2007 and 2017. Due to the volume of Gupta owned accounts, the majority of
the bank's transactions in Johannesburg involved Gupta family funds.

Reports reveal that inter-company loans provided an untraceable and inexplicable

technique used by the Gupta brothers to transfer money from the Bank to various
Gupta-owned companies like Trillion Financial Advisory and Centaur Mining. The
suspicious activity reports (SARs) filed by workers at the Bank of Baroda related to
Gupta transactions were often voided by managers and higher-level bank officials .Most
SARs failed to reach the South African Financial Intelligence Centre as a result.

FRAUD WITH BOB

ABG Shipyard, the flagship entity of ABG Group, has been reportedly booked by the
Central Bureau of Investigation (CBI) over an alleged Rs 22,842-crore financial fraud
.This is the biggest bank fraud case ever registered by the CBI, official quoted by wires
agencies said. The case pertained to funds gotten and misused during the 2012-17
period .Between 2012-17, the accused in the case colluded together and engaged in
diversion of funds, misappropriation and criminal breach of trust, the forensic
investigation showed.
As many as 28 banks and financial institutions were victims of the alleged scam, as per
the report. Funds given by these bodies were used for purposes other than for which
they were given, CBI's FIR said .State Bank of India has filed a complaint over the
scamBank of Baroda (Rs 1,614 crore)
CANARA BANK

Canara Bank is the third largest nationalized bank in India, it was founded by Shri
Ammembal Subba Rao Pai, a great visionary and philanthropist, in July 1906, at
Mangalore, then a small port town in Karnataka. The Bank has gone through the various
phases of its growth trajectory over hundred years of its existence. Growth of Canara
Bank was phenomenal, especially after nationalization in the year 1969, attaining the
status of a national level player in terms of geographical reach and clientele segments.
Eighties was characterized by business diversification for the Bank. In June 2006, the
Bank completed a century of operation in the Indian banking industry. the bank also has
offices in London, Hong Kong, Dubai and New York.
Headquarters-BANGALORE,INDIA

SRI AMMEMBAL SUBBARAO PAI

A good bank is not only the financial heart of the community, but also one with an
obligation of helping in every possible manner to improve the economic conditions of the
common people
Our Beloved Founder
Late Sri Ammembal Subbarao Pai
FOUNDING PRINCIPLES

1. To remove Superstition and ignorance.

2. To spread education among all to sub-serve the first principle.

3. To inculcate the habit of thrift and savings.

4. To transform the financial institution not only as the financial heart of the
community but the social heart as well.

5. To assist the needy.

6. To work with sense of service and dedication.

7. To develop a concern for fellow human being and sensitivity to the surroundings
with a view to make changes/remove hardships and sufferings.

SIGNIFICANT MILESTONE

1st July 1906 Canara Hindu Permanent Fund Ltd. formally registered with a capital of
2000 shares of Rs. 50/- each, with 4 employees.

1910 - Canara Hindu Permanent Fund renamed as Canara Bank Limited

1969 -14 major banks in the country, including Canara Bank, nationalized on July 19
1976 -1000th branch inaugurated

1983 -Overseas branch at London inaugurated, Cancard (the Bank’s credit card)
launched

1985 -Takeover of Lakshmi Commercial Bank Limited and Commissioning of Indo

Hong Kong International Finance Limited (now a full fledged branch)

1987 -Canbank Mutual Fund & Canfin Homes launched

1989 -Canbank Venture Capital Fund started

1989-90 - Canbank Factors Limited, the factoring subsidiary launched

1992-93 - Became the first Bank to articulate and adopt the directive principles of
“Good Banking”.

1995-96 -Became the first Bank to be conferred with ISO 9002 certification for one of
its branches in Bangalore

2001-02 -Opened a 'Mahila Banking Branch', first of its kind at Bangalore, for
catering exclusively to the financial requirements of women clientele.

2002-03 -Maiden IPO of the Bank

2003-04 -Launched Internet Banking Services

2004-05 -100% Branch computerization

2005-06 -Entered 100th Year in Banking Service. Launched Core Banking Solution
in select branches. Number One Position in Aggregate Business among Nationalized
Banks.

2006-07 -Retained Number One Position in Aggregate Business among

Nationalized Banks. Signed MoUs for Commissioning Two JVs in Insurance and Asset
Management with international majors viz., HSBC (Asia Pacific) Holding and Robeco
Groep N.V respectively.

2007-08 -Launching of New Brand Identity. Incorporation of Insurance and Asset

Management JVs. Launching of 'Online Trading' portal. Launching of a ‘Call Centre’.
Switchover to Basel II New Capital Adequacy Framework.

2008-09 -The Bank crossed the coveted Rs. 3 lakh crore in aggregate business. The
Bank’s 3rd foreign branch at Shanghai commissioned.

2009-10 -The Bank’s aggregate business crossed Rs. 4 lakh crore mark. Net profit of
the Bank crossed Rs. 3000 crore. The Bank’s branch network crossed the 3000 mark.
2010-11 - The Bank’s aggregate business crossed Rs. 5 lakh crore mark. Net profit of
the Bank crossed Rs. 4000 crore. 100% coverage under Core Banking Solution. The
Bank’s 4th foreign branch at Leicester and a Representative office at Sharjah, UAE,
opened. The Bank raised Rs. 1993 crore under QIP. Govt. holding reduced to 67.72%
post QIP.

2011-12 - Total number of branches reached 3600. The Bank’s 5th foreign branch at
Manama, Bahrain opened.

2012-13 - Highest Dividend of 130% paid for the year

2013-14 - 1027 branches and 2786 ATMs opened during the year. Global business
crossed the Rs.7 lakh crore milestone. Switchover to Basel III New Capital Adequacy
Framework. Branch Network and ATMs’ increased to 4755 branches and 6312 ATMs.

2014-15 - Global Business of the Bank crossed Rs.8 lakh crore.

2015-16 - The Bank’s 8th foreign branch at DIFC (Dubai) opened.

2016-17 - Branch network crossed 6000 milestones .Total number branches rose to
6083.Canara Bank (Tanzania) Ltd., a foreign subsidiary, opened.

2017-18 - Global Business of the Bank crossed Rs.9 lakh crore.

2018-19 - Global Business of the Bank crossed 10 lakh crore, Bank issued 2 core new
equity shares to employees under Canara Bank Employee Share Purchase scheme
(CanBank-ESPS).

2019-20 - Domestic Business of Canara Bank crossed Rs. 10 Lakh Crore.

1st Apr’20 Amalgamation of erstwhile Syndicate Bank with Canara Bank, thus
creating the country’s fourth largest Bank with a strong network of 10391 domestic
branches, 13423 ATMs.

2020-21 - Domestic Business of Canara Bank crossed Rs. 16 Lakh Crore and Bank
has recorded a Net Profit of Rs. 2558 Crore in FY21.HISTORY

HISTORY

Ammembal Subba Rao Pai, a philanthropist, established the Canara Hindu Permanent
Fund in India, on 1 July 1906. The bank changed its name to Canara Bank Limited in
1910 when it incorporated.

OVERSEAS SUBSIDIARIES BRANCHES AND OFFICES

Canara Bank established its international division in 1976. In 1983, Canara Bank opened
its first overseas office, a branch in London. Two years later, Canara Bank established a
subsidiary in Hong Kong, Indo Hong Kong International Finance. In 2008–9, Canara
Bank opened its third foreign operation, this one a branch in Shanghai. Later Canara
Bank established a branch each in Leicester and Bahrain, and converted its Hong Kong
subsidiary into a branch.

Together with State Bank of India, Canara Bank established a joint venture in Moscow,
Commercial Bank of India LLC.

Canara Bank provides the general manager and the branch managers for Al Razouki Intl
Exchange Co (LLC), which a number of business leaders and non-resident Indians
(NRIs) established in 1981 in the United Arab Emirates to facilitate remittances to India
by tourists and NRIs.

Since 1983, Canara Bank has been responsible for the management of Eastern Exchange
Co. WLL, Doha, Qatar, which Abdul Rahman M.M. Al Muftah established in 1979.

Canara Bank opened its seventh overseas branch in New York, United States on 10 June
2014.

SUBSIDIARY COMPANYS

Canfin Homes Limited (CFHL), with a network of 110 branches and 28 satellite offices
throughout India

Canbank Factors Limited

Canbank Venture Capital Fund Limited

Canbank Computer Services Limited

Canara Bank Securities Limited

Canara Robeco Asset Management Company Limited

Canbank Financial Services Limited

Canara HSBC Oriental Life Insurance Company Limited

REGIONAL RURAL BANKS

Canara Bank sponsors four regional rural banks (RRB):

Andhra Pragathi Grameena Bank

Kerala Gramin Bank – It is the largest RRB in India. Its headquarters are at
Malappuram and it operates in all districts in Kerala. It was established in 1976 as a
Scheduled Commercial Bank.

Karnataka Gramin Bank has its headquarters at Bellary, Karnataka, and has 645
branches spread over eleven districts.
Karnataka Vikas Grameena Bank was constituted on 12 September 2005 after
amalgamation of four Regional Rural Banks (RRBs) – Malaprabha Grameena Bank,
Bijapur Grameena Bank, Varada Grameena Bank and Netravathi Grameena Banks –
following the recommendations of the Narasimhan Committee.

CONTROVERSIES

Money laundering

-On 6 June 2018, the UK division of Canara Bank was fined £890,000 ($1.2 million) by
the UK's Financial Conduct Authority and was blocked from accepting new deposits for
around five months for systematic anti-money laundering (AML) failures.
SHAREHOLDING PATTERN

Canara Bank's Shareholding Pattern

Description Percent of Share (%)

Promoters 67.72

Individuals 4.74

Institutions 10.98

FII 14.49

Govt. 0.00

Others 2.07

Share Holding Pattern (% of Shares Held)

CATEGORY OF SHAREHOLDER Total Number of Percentage
Shares ShareHolding (%)

Promoter

Indian Promoter 53,19,44,775 70.62

Foreign Promoter 0 0.00

Total Promoter 53,19,44,775 70.62

CATEGORY OF SHAREHOLDER Total Number of Percentage
Shares ShareHolding (%)

Non Promoter

Institutions

Mutual Funds / UTI 6,03,13,188 8.01

FI/Bank/Insurance 7,26,30,047 9.65

Govt 0 0.00

FII 0 0.00

Other 3,21,03,945 4.25

Total Institutions 16,50,47,180 21.91

Non-Institution

Bodies Corporate 59,77,628 0.79

Individuals (upto Rs. 1 lakh) 4,55,61,895 6.05

Individuals (in excess of Rs. 1 lakh) 12,84,937 0.17

NRIs/OCBs 7,62,274 0.10

Others 4,95,12,918 6.58

Total Non-Institution 5,62,52,820 7.47

 CATEGORY OF SHAREHOLDER Total Number of Percentage
Shares ShareHolding (%)

Total Non Promoter 22,13,00,000 29.38

Depository Receipts 0 0.00

Total 75,32,44,775 100.00

Reliance ETF PSU Bank BeES 9.96

Reliance Banking Fund Growth Option 5.21

Reliance Capital Builder Fund IV Series B Growth 3.25

SBI PSU Fund Regular Plan Growth 3.12

Reliance Tax Saver (ELSS) Fund Growth 2.50

HDFC Infrastructure Fund Growth 2.35

Reliance Vision Fund Growth 1.58

UTI Mid Cap Fund Regular Plan Income 1.54

HDFC Growth Opportunities Fund Regular Plan Growth 1.16

L&T Midcap Fund Regular Plan Growth 1.12

HDFC Equity Fund Growth 1.09

Reliance Multi Cap Fund Growth Option 1.00

HDFC Top 100 Fund Growth 1.00

DSP Dynamic Asset Allocation Fund Regular Plan Growth 0.83

IDFC Arbitrage Fund Regular Plan Growth 0.83

Motilal Oswal Midcap 100 ETF 0.80

HDFC Balanced Advantage Fund Growth 0.63

Reliance ETF Nifty Midcap 150 0.61

DHFL Pramerica Midcap Opportunities Fund Regular Plan Growth 0.54

HDFC Hybrid Debt Fund Growth 0.52

Aditya Birla Sun Life Arbitrage Fund Growth 0.43

Reliance Arbitrage Fund Growth 0.35

Invesco India Arbitrage Fund Growth 0.28

Kotak Balanced Advantage Fund Regular Plan Growth 0.16

L&T Arbitrage Opportunities Fund Regular Plan Growth 0.15

UTI Equity Savings Fund Regular Plan Growth 0.13

Kotak Equity Arbitrage Scheme Growth 0.12

Edelweiss Arbitrage Fund Regular Plan Growth 0.09

ICICI Prudential S&P BSE 500 ETF 0.08

ICICI Prudential Equity Arbitrage Growth 0.05

SBI Equity Savings Fund Regular Plan Growth 0.04

UTI Arbitrage Fund Regular Plan Growth 0.04

Axis Arbitrage Fund Regular Plan Growth 0.02

Axis Dynamic Equity Fund Regular Plan Growth 0.02

Canara Bank held by Mutual Fund Schemes

EMPOWER

Canara Bank offers Unified Payment Interface (UPI) app named “empower”. This app
empowers Canara Bank and other Bank customers to perform pay and collect
transactions using a single mobile app

On 19 November 2017, it launched Canarites (Candi) app, a digital library, a field

recovery mobile app, a retail loan (vehicle) – tracking system, and a regulatory guidance
tracking system
PUNJAB NATIONAL BANK

Punjab National Bank, abbreviated as PNB, is an Indian nationalised bank.

Headquartered at New Delhi, Delhi, India,

it is under the ownership of the Ministry of Finance, government of India.

The bank was founded in May 1894

it is the second largest government-owned bank in India, both in terms of its business
volumes and its network.

The bank has over 180 million customers, 12,248 branches, and 13,000+ ATMs.

HEADQUARTERS – NEW DELHI

HISTORY

PNB was founded in the year 1894 at Lahore (presently in Pakistan) as an off-shoot of
the Swadeshi Movement. Among the inspired founders were Sardar Dayal Singh
Majithia, Lala HarKishen Lal, Lala Lalchand, Shri Kali Prosanna Roy, Shri E.C.
Jessawala, Shri Prabhu Dayal, Bakshi Jaishi Ram, Lala Dholan Dass.

With a common missionary zeal they set about establishing a national bank; the first
one with Indian capital — owned, managed and operated by the Indians for the benefit
of the Indians. The Lion of Punjab, Lala Lajpat Rai, was actively associated with the
management of the Bank in its formative years.

LALA LAJPAT RAI

MILESTONES

1894 :PNB was founded on May 19, 1894 in Lahore.

1895 : PNB opened for business on 12 April, 1895 at Ganpatrai Road in Lahore.

1904 :PNB established branches in Karachi and Peshawar.

1939 : PNB acquired Bhagwan Dass Bank Limited.

1947 : Partition of India and Pakistan at Independence. PNB lost its premises in Lahore,
but continued to operate in Pakistan.

1960 : PNB amalgamated Indo-Commercial Bank Limited (established in 1933) in a

rescue.

1961 : PNB acquired Universal Bank of India.

1963 : The Government of Burma nationalized PNB's branch in Rangoon (Yangon).

1965 : After the Indo-Pak war the government of Pakistan seized all the offices in
Pakistan of Indian banks, including PNB's headoffice, which may have moved to
Karachi. PNB also had branches in East Pakistan (Bangladesh).

1969 : The Government of India nationalized PNB and 13 other major banks on 19th
July, 1969.

1978 : PNB opened a branch in London.

1986 :The Reserve Bank of India required PNB to transfer its London branch to State
Bank of India after the branch was involved in a fraud scandal.

1988 :PNB acquired Hindustan Commercial Bank Limited in a rescue.

1993 : PNB acquired New Bank of India, which the Government of India had
nationalised in 1980.

1998 : PNB set up a representative office in Almaty , Kazakhstan.

2003 :PNB took over Nedungadi Bank (established the bank in 1899), the oldest private
sector bank in Kerala. It was incorporated in 1913 and in 1965 had acquired selected
assets and deposits of the Coimbatore National Bank. At the time of the merger with
PNB, Nedungadi Bank's shares had zero value, with the result that its shareholders
received no payment for their shares.

Corporate Mission

Mission

"Creating Value for all its customers ,Investors and Employees for being the first
choice for all stakeholders"

Vision
"To position PNB as the `Most Preferred Bank` for customers, the `Best Place to Work
In` for employees and a `Benchmark of Excellence` for the industry"

EMPLOYEES

As on 31 March 2019, the bank had 70,810 employees. As on 31 March 2019, it also had
1722 employees with disabilities on the same date (2.43%). The average age of bank
employees on the same date was 39 year

SUBSIDIARIES

Subsidiaries, Associates and Joint Ventures

Subsidiaries: Domestic

Sr Name of the Entity Country of Proportion of

No. Incorporation ownership %

i) PNB Gilts Ltd. India 74.07

ii) PNB Investment Services Ltd. India 100

iii) PNB Insurance Broking Pvt. India -

Ltd.#
 iv) PNB Cards and Services India 100
Limited ##

# PNB Insurance Broking Pvt. Ltd. is non-functional, the Broking license has been
surrendered, capital stands extinguished and liquidator shall be completing the necessary
formalities to conclude the winding up procedure.
## PNB Cards and Services Ltd. has been incorporated on 16.03.2021 as wholly owned
Credit Card Subsidiary of PNB.

1. PNB GILTS LTD.

PNB Gilts Ltd., a subsidiary of the Bank, is engaged in the business of trading in Govt.
securities, treasury bills and Non SLR Investments. It is also engaged in dealing in Money
Market Instruments (Call/Notice/Term Money, Repo /Reverse Repo, Inter-corporate
Deposits, Commercial Paper, Certificate of Deposit). The company is listed at NSE and
BSE.
2. PNB INVESTMENT SERVICES LTD
PNB Investment Services Ltd, a wholly owned subsidiary, has been set up by the Bank for
carrying out Merchant Banking Business. It provides services for Project Appraisal, Loan
Syndication, Debt Placement and to executes IPOs/FPO/QIPs. PNBISL is registered with
SEBI as a Category- I Merchant Banker.
3. PNB INSURANCE BROKING Pvt . Ltd.
PNB Insurance Broking Pvt . Ltd. is non-functional, the Broking license has been
surrendered, capital stands extinguished and liquidator shall be completing the necessary
formalities to conclude the winding up procedure.
Subsidiaries: International
Sr. No Name of the Entity Country of incorporation Proportion of
ownership

1 Punjab National Bank (International) Ltd. United Kingdom 100%

2 Druk PNB Bank Ltd Bhutan 51%

Associates: Domestic
Sr. Name of the Name of Regional Rural Banks / Other Proportion of
No. entity Associates ownership
(%)

1 Dakshin Bihar Gramin Bank, Patna 35%

2 Sarva Haryana Gramin Bank, Rohtak 35%

3 Himachal Gramin Bank, Mandi 35%

4 Punjab Gramin Bank, Kapurthala 35%

5 Prathama UP Gramin Bank, Meerut 35%

6 Assam Gramin Vikash Bank, Assam 35%

7 Bangiya Gramin Vikash Bank, West Bengal 35%

8 Tripura Gramin Bank, Agartala 35%

 9 Manipur Rural Bank, Imphal 35%

10 PNB Housing Finance Ltd. 32.57%

11 PNB Metlife India Insurance Co. Ltd. 30%

12 Canara HSBC OBC Life Insurance Co. Ltd. 23%

13 India SME Asset Reconstruction Co. Ltd. 20.90%

Associates: International
Sr. Country Of Proportion Of
Name Of The Entity / Associates
No Incorporation Ownership

1 JSC Tengri Bank, Kazakhstan Kazakhstan 41.64%

JSC Tengri Bank

Agency of the Republic of Kazakhstan revoked license of JSC Tengri Bank to conduct
Banking, other operation and activities in the securities market and appointed temporary
administrator wef 18th September, 2020. The temporary administrator has filed law suit
for liquidation process of JSC Tengri Bank on 28th September 2020. On 15th February
2021, the decision of liquidation of JSC Tengri Bank came into force by the Appeal Court.
On 19th February 2021, the Liquidation Commission of Tengri Bank published
information of liquidation of the Bank.
Joint Venture: International
 Country Of Proportion Of
Sr. No Name Of The Entity / Associates
Incorporation Ownership

1 Nepal 20.03%
Everest Bank Ltd.

MERGER and ACQUISITION

Acquisition
Company Location
date

1951 Bharat Bank Ltd. New Delhi, India

1961 Universal Bank of India Dalmianagarg, Bihar, India

1962 Indo-Commercial Bank India

1986 Hindustan Commercial Bank India

1993 New Bank of India New Delhi, India

2003 Nedungadi Bank Kozhikode, Kerala, India

• Oriental Bank of • Gurgaon (Head

2020 Commerce Office)

• United Bank of India • Kolkata (Head Office)

Amalgamation

On 30 August 2019, Finance Minister Nirmala Sitharaman announced that the Oriental
Bank of Commerce and United Bank of India would be merged with Punjab National
Bank. The proposed merger would make Punjab National Bank the second largest public
sector bank in the country with assets of ₹17.95 lakh crore (US$240 billion) and 11,437
branches. The Union Cabinet approved the merger on 4 March 2020. PNB announced
that its board had approved the merger ratios the next day. Shareholders of Oriental
Bank of Commerce and United Bank will receive 1,150 shares and 121 shares of PNB,
respectively, for every 1,000 shares of they hold. On 1 April 2020, the merger came into
effect. Post-merger, all customers of other two merging banks are now treated as the
customers of PNB.

SHAREHOLDINGS

As on 13th feb 2022

Shareholding Pattern - Punjab National Bank

Holder's Name No of Shares % Share Holding

No Of
Shares 11011015558 100%

Promoters 8054125685 73.15%

Foreign Institutions 131551335 1.19%

N Banks Mutual Funds 316226720 2.87%

Central Govt 336343 0%

Others 196253249 1.78%

General Public 1350594499 12.27%

Financial Institutions 961927727 8.74%

Punjab National Bank Fraud Case, 2018

Main article: Punjab National Bank Scam

PNB disclosed in February 2018 that it detected fraudulent transactions of up to $1.77

billion at just one of its branches.
Punjab National Bank Fraud Case, 2019

In July 2019, the bank detected another fraud, worth ₹3,805.15 crore (US$505 million)

by Bhushan Power & Steel Ltd (BPSL).

INDIAN BANK

Indian Bank is a major nationalized bank.

It is under the ownership of the Ministry of Finance, Government of India.

It was established in 1907 and is headquartered in Chennai, India.

It serves over 100 million customers with 41,620 employees, 6,004 branches with 5,428
ATMs and Cash deposit machines and is one of the top performing public sector banks
in India.

Total business of the bank has touched ₹930,000 crore (US$120 billion) as on 31
March 2021

Bank's Information Systems and Security processes certified with ISO27001:2013

standard and is among very few Banks certified worldwide.

HEADQUARTERS - CHENNAI
Vision And Mission

Vision:

“Delivering excellence in financial services through customer focus, employee

engagement and sustainable growth.”

Mission:

-Bring the best of innovation and technology in our offerings

--Be responsive to the unique needs of every customer through all channels of choice

-To provide value to stakeholders

-Empower and engage our employees

HISTORY

In the last quarter of 1906, Madras (now Chennai) was hit by the worst financial crisis
the city was ever to suffer. Of the three best-known British commercial names in 19th-
century Madras, one crashed; a second had to be resurrected by a distress sale; and the
third had to be bailed out by a benevolent benefactor. Arbuthnot & Co, which failed, was
considered the soundest of the three. Parry's (now EID Parry), may have been the
earliest of them and Binny and Co.'s founders may have had the oldest associations with
Madras, but it was Arbuthnot, established in 1810s, that was the city's strongest
commercial organisation in the 19th Century. A key figure in the bankruptcy case for
Arbuthnot's was the Madras lawyer, V. Krishnaswamy Iyer who founded the Indian
bank which was an offshoot of nationalistic fervour and the Swadeshi movement, when
the then British Arbuthnot Bank collapsed and the Indian Bank emerged. Mr V.
Krishnaswamy Iyer solicited the support of the Nagarathar Chettiars authored by Mr.
Ramasamy Chettiar, who was Annamalai Chettiar's elder brother. Sri V. Krishnaswamy
Iyer and Mr. Ramasamy Chettiar were one of the first directors of Indian Bank. Later on
in 1915, Mr. Annamalai Chettiar was inducted into the board of the Indian Bank. It
commenced operations on 15 August 1907 with its head office in Parry's Building, Parry
Corner, Madras.

In 1932 IB opened a branch in Colombo. It opened its second branch in Ceylon in 1935
at Jaffna, but closed it in 1939. IB next opened a branch in Rangoon, Burma, in late
1940s. Then in late 1941 IB opened branches in Singapore, Kuala Lumpur, Ipoh, and
Penang. The exigencies of war forced IB to close its Singapore and Malayan branches
with months. The closing of the Singapore branch resulted in little loss to IB; the loss of
the branches in Malaya was much more costly.

World War II resulted in further financial problems for IB and it was forced in 1942 to
close a number of its branches in India, and also its branch in Colombo.

Post Independence of India

After the war, in 1947, it reopened its branch in Colombo. Indian Bank also reopened its
branches in Burma, Malayan and Singapore, the last in 1962. The Burmese government
nationalised all foreign banks, including Indian Bank's branch, in 1963.

The 1960s saw IB expand domestically as it acquired Rayalaseema Bank (est. 1939),
Mannargudi Bank (est. 1932), Bank of Alagapuri, Salem Bank (est. 1925), and Trichy
United Bank. Trichy United was the result of the 1965 merger of Woraiyur Commercial
Bank (est. 1948), the Palakkarai Bank, and the Tennur Bank (est. 3 March 1947). These
were all small banks with the result that all the acquisitions added only about 38
branches to IB's network. Trichy United had five branches and its acquisition in 1967
brought the number of IB branches up to 210.

Then on 19 July 1969 the Government of India nationalised 14 top banks, including
Indian Bank

Sri V. Krishnaswamy Iyer

AMALGAMATION

On 30 August 2019, Finance Minister Nirmala Sitharaman announced that Allahabad

Bank would be merged with Indian bank. The proposed merger would create the
seventh largest public sector bank in the country with assets of ₹8.08 lakh crore
(US$110 billion).The Union Cabinet approved the merger on 4 March 2020. Indian
Bank assumed control of Allahabad Bank on 1 April 2020.

Key Milestones

1907- The Bank was incorporated on 5 March 1907 under the Indian Companies Act,
1882 as "Indian Bank Limited" and commenced operations on 15 August 1907.

1932 - The Bank opened its Colombo branch.

1941 - The Bank opened its Singapore branch

1962 - The Bank acquired the Royalaseema Bank, the Bank of Alagapuri, the Salem
Bank, the Mannargudi Bank and the Trichy United Bank

1969 - The Bank was nationalized. It was appointed as the lead bank for nine districts in
the States of Tamil Nadu, Andhra Pradesh and Kerala and the Union Territory of
Pondicherry.

1970 - The Head Office of the Bank was shifted to its own building

1981 - The first regional rural bank sponsored by the Bank, Sri Venkateswara Grameena
Bank, was founded

1989 - Indbank Merchant Banking Services Ltd was incorporated as a subsidiary of the
Bank 1990 - Bank of Thanjavur Limited (with 157 branches) was amalgamated

1991 - Ind Bank Housing Limited was incorporated as a subsidiary

1994 - Indfund Management Limited was established to manage the operations of

Indian Bank Mutual Fund

1995 - The Bank's own training establishment, Indian Bank Management Academy for
Growth & Excellence (IMAGE) established.

2002-03 - The Bank received an award from NABARD for best performance under SHG
in Tamil Nadu and Andhra Pradesh.

2004-05 - The Bank entered into strategic alliance with Mahindra & Mahindra Limited
and TAFE Limited for pushing up tractor usage among farmers
2006-07 - The Bank entered into a strategic alliance with Oriental Bank of Commerce
and Corporation Bank

2006 -Indian Bank launches Bharat Card

2008 - Indian Bank has informed that: "Indian Bank has signed an Agreement with
Reliance Capital Asset Management Ltd. to act as a Corporate Agent to sell the Mutual
Fund products of Reliance Mutual Fund .

2008-09, Indian Bank bagged 5 State awards from the State government. -Indian Bank
has joined hands with Tata Motors for financing its range of passenger cars. Under the
MoU, the bank will offer loans at an interest rate of 11.5 per cent to customers buying
Tata Motors' passenger cars.

2010 - Indian Bank has launched visa business card to address the credit card and
payment requirements of corporates and small and medium enterprise (SME) clientele
segments.

2011 - Indian Bank launches e-Treasury service. Indian Bank has appointment of the
following Statutory Central Auditor (SCA).

2012 - Scheme of Amalgamation of M/s. lndfund Management Limited, a wholly owned

subsidiary of the Bank with Indian Bank, Indian Bank.

2017 - Indian Bank has launched a unique, easy & hassle free home loan product IB
Home Enrich for repairs and renovation of residential dwelling units.

-National Award for Excellence in Lending to Micro Enterprises during 2015-16 - First
Rank and National Award for Excellence in MSE Lending by Public Sector Banks during
2015-16 - Second Rank to Indian Bank.

-Indian Bank (IB) has launched three unique, easy-to-use, environment friendly, tech
products to overcome the effects of demonetization for its customers without coming to
the branches.

2020 - On 1 April 2020 Indian bank and Allahabad bank merged. The oldest Joint Stock
Bank in the country, Allahabad Bank was founded on 24 April 1865 by a group of
Europeans at Allahabad, at a juncture when organized industries, trade and banking
were taking shape in India. Thus, the history of the bank now spreads over three
centuries

INDIAN BANK MUTUAL FUND

Indian Bank Mutual Fund [IBMF] was formed as a Trust during 1990 sponsored by
Indian Bank with a corpus of Rs. 25 lakhs. The schemes of IBMF were managed by the
Trust during the years 1990-1994. To comply with the SEBI [MF] Regulations, 1993, M/s
Indfund Management Ltd. [IFML), an Asset Management Company was formed during
January 1994 as a wholly owned subsidiary of Indian Bank with a paid up capital of Rs.5
crores. Since January 1994, the schemes of IBMF were managed by IFML. IBMF launched
12 close-ended schemes and raised Rs.627.10 crore. Out of the 12 schemes 9 schemes were
redeemed on maturity dates. Three schemes, viz; Ind Navratna, Ind Shelter and Ind Tax
Shield schemes were transferred to Tata Mutual Fund during November 2001.
Consequent to a Scheme of Amalgamation approved by the Hon’ble High Court of
Bombay, IFML has been since merged with Indian Bank on 07.09.2012 and the Trust
[IBMF] is functioning from INDIAN BANK corporate office chennai

Shareholdings

OTHERS, 4.40%
PUBLIC, 7.70%
FII, 1.84%
MF, 6.22%

PROMOTER,
79.86%

promoter(GOI)

OVERSEAS BRANCHES

It has overseas branches in Colombo and Singapore including a Foreign Currency

Banking Unit at Colombo and Jaffna. It has 227 Overseas Correspondent banks in 75
countries.
UNION BANK OF INDIA

Union Bank of India, commonly referred to as Union Bank or UBI, is an Indian

government-owned bank with 120+ million customers and a total business of US$106
billion. After the amalgamation with Corporation Bank and Andhra Bank, which came
into effect on 1 April 2020, the amalgamated entity became the fifth largest PSU bank in
terms of branch network with around 9500 branches.
Corporate and Registered Office :

The registered as well as corporate headquarters of Union Bank of India is in the

prestigious Nariman Point area of Mumbai, the commercial capital of India.

OVERSEAS BRANCHES and EMPLOYEES

Four of these are located overseas in Hong Kong, Dubai, Antwerp, and Sydney. UBI also
has representative offices at Shanghai, Beijing and Abu Dhabi. UBI operates in the
United Kingdom through its wholly owned subsidiary, Union Bank of India (UK). The
bank has a network of 9300+ domestic branches, 11800+ ATMs, 8216+ Business
Correspondent Points serving over 120 million customers with 77000+ employees.
Capital Structure :
The Bank has authorised share capital of Rs.10,000 crore. As on 30th September 2021, the Bank has
issued, subscribed and paid-up equity capital of Rs. 6834.75 Crores, constituting 6,83,47,47,466 equit
shares of Rs.10/- each. The Bank’s shares are listed on the National Stock Exchange of India Limited a
the BSE Limited.

History :
Union Bank of India was established on 11th November 1919 with its headquarters in Mumbai .It wa
promoted by Seth Sitaram Poddar.
The Head Office building of the Bank in Mumbai was inaugurated by Mahatma Gandhi, the Fat
of the nation in the year 1921, and he said on the occasion:
"We should have the ability to carry on a big bank, to manage efficiently crores of rupees in the cou
of our national activities. Though we have not many banks amongst us, it does not follow that we a
not capable of efficiently managing crores and tens of crores of rupees." His prescient words
anticipated the growth of the bank that has taken place in the decades that followed.

MOHANDAS GANDHI

Union Bank of India – Oldest Logo

Union-Bank-of-India Old Logo

Union Bank of India Logo

Union Bank of India Logo – Post Amalgamation

Logo:

The logo features two interlocking U’s in red and blue, stands for the consumer and the bank. The tw
U’s stand for union and the integrity, security and strength, which Union Bank of India stands for. Th
colour blue represents commitment, while red is symbolic of the passion that exists at Union Bank o
India
 Tagline : Good people to bank With अच्छे लोग अच्छा बैंक

AMALGAMATION:
In August 2019 Union Bank of India has been selected by Government of India as Anchor Bank for th
amalgamation of Andhra Bank, Corporation Bank into Union Bank of India. The amalgamation took
place on 1st April 2020. Our proven history of reliability stems from excellence in customer service a
trust built over combined legacy of 300+ years. The amalgamation will help us to offer best-in-class
products through wider network of branches spanning each and every state of India.

Corporate Social Responsibility :

Union Bank of India is engaged in social and economic development at the national level. The Bank wo
closely with Union Bank Social Foundation Trust across diverse sectors and programs of social welfar
Joint Ventures:
SUD Life Insurance
India First Life Insurance Company Ltd.
ASREC (INDIA) Ltd.
India International Bank Malaysia Berhad (IIBMB)
Subsidiaries

Union Bank of India (UK) Limited

Union Asset Management Co. Pvt. Ltd.

Corpbank Security Ltd.

Andhra Bank Financial Services Limited

Union Trustee Co. Pvt. Limited

Associates

Chaitanya Godavari Grameena Bank

SHAREHOLDINGS
NoOfShares 6834747466 100%

Promoters 5706660850 83.49%

ForeignInstitutions 81015350 1.19%

NBanksMutualFunds 80920433 1.18%

CentralGovt 15665 0%

Others 77180314 1.13%

GeneralPublic 489823198 7.17%

FinancialInstitutions 399131656 5.84%

BANK OF INDIA
Bank of India (BOI) is an Indian Nationalized bank.

It is under the ownership of Ministry of Finance, Government of India with

headquarters in Bandra Kurla Complex, Mumbai. Founded in 1906, it has been
government-owned since nationalization in 1969.

BoI is a founder member of SWIFT (Society for Worldwide Inter Bank Financial
Telecommunications), which facilitates provision of cost-effective financial processing
and communication services.

HEADQUARTERS – BANDRA-KURLA
COMPLEX

HISTORY:
Bank of India was founded on 7th September, 1906 by a group of eminent businessmen
from Mumbai. The Bank was under private ownership and control till July 1969 when it
was nationalised along with 13 other banks.
Beginning with one office in Mumbai, with a paid-up capital of Rs.50 lakh and 50
employees, the Bank has made a rapid growth over the years and blossomed into a mighty
institution with a strong national presence and sizable international operations. In
business volume, the Bank occupies a premier position among the nationalised banks.
The Bank has over 5000 branches in India spread over all states/ union territories
including specialized branches. These branches are controlled through 59 Zonal Offices
and 10 NBG Offices. There are 45 branches/ offices abroad which includes 23 own
branches, 1 representative office and 4 Subsidaries (20 branches) and 1 joint venture.
The Bank came out with its maiden public issue in 1997 and follow on Qualified
Institutions Placement in February 2008.
While firmly adhering to a policy of prudence and caution, the Bank has been in the
forefront of introducing various innovative services and systems. Business has been
conducted with the successful blend of traditional values and ethics and the most modern
infrastructure. The Bank has been the first among the nationalised banks to establish a
fully computerised branch and ATM facility at the Mahalaxmi Branch at Mumbai way
back in 1989. The Bank is also a Founder Member of SWIFT in India. It pioneered the
introduction of the Health Code System in 1982, for evaluating/ rating its credit portfolio.

MISSiON, VISION and QUALITY POLICY

VISION
To become the bank of choice for corporates , medium business and upmarket retail
customers and developmental Banking for small business, mass market and rural
markets.

MISSION
To provide superior, proactive banking services to niche markets globally, while
providing cost effective , responsible service to others in our role as a development bank
, and in doing so, meet the requirement of our stakeholders.

QUALITY POLICY
We, at BANK OF INDIA, are committed to become the bank of choice by
Providing SUPERIOR,PRO-ACTIVE,INNOVATIVE,STATE-OF-THE-ART banking
services with an attitude of care and concern for the customers and patrons.

SUBSIDIARIES

-BOI Subsidiaries Results

-BOI Merchant Bankers Ltd.
-BOI Shareholding Ltd.
-PT Bank of India Indonesia Tbk
-BOI Axa Investment Managers Pvt. Ltd.
-BOI Axa Trustee Services Pvt. Ltd.
--BOI Tanzania Ltd.
-BOI Uganda Ltd.
-Bank of India (New Zealand)
OVERSEAS BRANCHES OF BOI:

-The 1950s saw BoI open numerous branches abroad: Tokyo and Osaka in 1950,
Singapore in 1951, Kenya and Uganda in 1953, Aden in 1953 or 1954, and Tanganyika in
1955.
-After a brief hiatus, BoI returned to international expansion, opening a branch in Hong
Kong in 1960. A branch in Nigeria followed in 1962.
-The Government of Tanzania nationalised BoI's operations in Tanzania in 1967 and
folded them into the government-owned National Commercial Bank, together with
those of Bank of Baroda and several other foreign banks.
- In 1969 the People's Democratic Republic of Yemen nationalised BoI's branch in Aden,
and the Nigerian and Ugandan governments forced BoI to incorporate its branches in
those countries
-The next year, National Bank of Southern Yemen incorporated BoI's branch in Yemen
,this is now national bank of yemen
-In 1974 BoI opened a branch in Paris
-In 1978 BoI opened a branch in New York. Also in the 1970s, BoI opened an agency in
San Francisco.
-In 1976 the Nigerian government acquired 60% of the shares in Bank of India
(Nigeria).In 1980 Bank of India (Nigeria), changed its name to Allied Bank of Nigeria to
reflect the fact that it was no longer a subsidiary of Bank of India.
-In 1986 BoI acquired Parur Central Bank in (Ernakulam District, Kerala State) in a
rescue. Parur Central Bank had been founded in 1930, and at the time of its failure had
51 branches. BoI amalgamated Parur Central Bank in 1990.
-1987, BoI took over the three UK branches of Central Bank of India (CBI) after CBI had
been caught up in sethia default and fraud.
-BoI plans to establish a branch in Antwerp and a subsidiary in Dar-es-Salaam, marking
its return to Tanzania after 37 years.
-In 2007 BoI acquired 76% of Indonesia-based PT Bank Swadesi.

- BoI established a wholly owned subsidiary, Bank of India (New Zealand) Ltd., in
Auckland, New Zealand on 6 October 2011. Then BoI established a wholly owned
subsidiary, Bank of India (Uganda) Ltd., on 18 June 2012. Most recently, BoI opened its
wholly owned subsidiary Bank of India (Botswana) Ltd., on 9 August 2013.

-As on 31 March 2021, Bank of India's total business stands at ₹1,037,549 crore (US$140
billion), has 5,108 branches and 5,551 ATMs around the world .

Number of employees
51,459 as on (March 2021)
Shareholding Pattern - Bank of India

Holder's Name No of Shares % Share Holding

No of Shares 4103566070 100%

Promoters 3340861720 81.41%

Foreign Institutions 31948947 0.78%

N Banks Mutual Funds 33078908 0.81%

Central Govt 3000 0%

Others 35794335 0.87%

General Public 233122413 5.68%

Financial Institutions 428756747

10.45%
CONTROVERSY

- alleged loan fraud of Rs 2,654 crore by Vadodara-based Diamond Power Infrastructure

Ltd. (DPIL).
CENTRAL BANK OF INDIA

Central Bank of India (CBI) is an Indian nationalized bank. It is under the ownership of
Ministry of Finance , Government of India and is one of the oldest and largest
nationalised commercial banks in India. It is based in Mumbai, the financial capital of
India and capital city of state of Maharashtra.

Founded 21 December 1911; 100+ years ago

As on 31 March 2021, the bank has a network of 4,608 branches, 3,644 ATMs, ten
satellite offices and one extension counter. It has a pan-India presence covering all 28
states, Seven out of eight union territories and 574 district headquarters out of all
districts in the country

Central Bank of India has approached the Reserve Bank of India (RBI) for permission to
open representative offices in Singapore, Dubai, Doha, and London
CORPORATE VISION AND MISSION

“Vision to be central to the banking and financial needs of all

Mission to provide customer centric products and services by leveraging human

resources and technology”

Value statement

C -stands for consistency

E- stands for ethical standards

N -stands for nurturing potential

T -stands for transparency

R- stands for responsiveness

A- stands for accountability

L- stands for loyalty

SUBSIDIARIES

Subsidiary central bank financial services limited Incorporation in the year 1929 only on
subsidiary of central Bank of India vision to beat the landing in West Indian investment
bank creating enduring values for customers mission to provide investment banking
services in the areas of corporate finance advisory capital markets and trusteeship and
achieve overall business growth through superior customer satisfaction innovation
quality and commitment

TRUSTEESHIP SERVICES
Executor Trustee: Facilitate intergenerational wealth transfer on a tax deferred basis.
Debenture Trustee: Safeguard security and protect interests of debenture holders
both in case of public and private placement.

Securities Trustee: Safeguard interests of lenders/banks in taking custody of loan

document.

Shareholding pattern for Central Bank of India:

holding

3%
0%4%

promoter
FII
public
others

93%
BANK OF MAHARASHTRA

Bank of Maharashtra is a nationalised bank under the ownership of Ministry of Finance

Government of India.

The bank had 15 million customers across the country with 2001 branches as of Dec
2021.

It has the largest network of branches of any nationalised bank in the state of
Maharashtra.

Founded in-16 September 1935; 86 years ago

Headquarters- 1501, Lokmangal , Shivajinagar ,Pune India

HISTORY

The bank was founded

by V. G. Kale and

D. K. Sathe in Pune, India.

The bank was registered on 16 September 1935 with an authorized capital of US$1
million and became operational on 8 February 1936. It provided financial assistance to
small business and gave birth to many industrial houses. The bank was nationalised in
1969.
A.S Rajeev assumed charge as Managing Director & CEO of the bank on 2 December
2018.Hemant Kumar Tamta joined as Executive Director on 31 December 2018. A. B.
Vijayakumar joined as Executive Director on 10 March 2021.

Shareholding Pattern - Bank of Maharashtra

Holder's Name No of Shares % Share Holding

No Of Shares 6730496447 100%

Promoters 6122627927 90.97%

Foreign Institutions 8232737 0.12%

N Banks Mutual Funds 5140610 0.08%

Others 32952469 0.49%

General Public 317610368 4.72%

Financial Institutions 243932336 3.62%

UCO BANK

-UCO Bank, formerly United Commercial Bank, established in 1943 in Kolkata, is one of
the nationalized banks in India

- from 2020 data, it is ranked 80 on the Fortune India 500 list.

Headquarters; BTM Sarani, Kolkata.

-Its Board of Directors consists of government representatives from the Government of
India and Reserve Bank of India as well as eminent professionals like accountants,
management experts, economists, businessmen, etc.

HISTORY

GHANSHYAM DAS BIRLA

The idea of a truly Indian bank was first conceived of by Mr. G.D Birla, the doyen of
Indian Industrial renaissance, after the historic "Quit India" movement in 1942. Soon
this nascent idea came into reality and, on the 6th of January 1943, The United
Commercial Bank Ltd. was born with its Registered and Head Office at Kolkata. The
very first Board of Directors was represented by eminent personalities of the country
drawn from all walks of life, and this all-India character of the Bank has been
assiduously maintained till date not only in the composition of its Board but also in the
geographical spread of its more than 3000 in the country as well as in its overseas
centres in Singapore and Hong Kong.

Having traversed periods of expansion and consolidation, the Bank was nationalized by
the Government of India on the 19th July 1969 whereupon 100 per cent ownership was
taken over by the government in UNITED COMMERCIAL BANK.
Logo and motto:

The logo of UCO bank consists of a pair of clasped hands covered with an octagonal
structure. It has been coloured blue since the organisation's inception, blue representing
the Bank's national responsibility. The background has remained yellow since the
beginning as well.

The motto UCO Bank is "Honours your Trust"

The UCO bank Logo has resemblance to logo of leading South African Life Insurance
company Sanlam.

Our Vision

“To emerge as the most trusted, admired and sought-after world class financial
institution and to be the most preferred destination for every customer and investor
and a place of pride for its employees.”

Our Mission

“To be a Top-class Bank to achieve sustained growth of business and profitability,

fulfilling socio-economic obligations, excellence in customer service; through
upgradation of skills of staff and their effective participation making use of state-of-
the-art technology.

Global banking has changed rapidly and UCO Bank has worked hard to adapt to these
changes. The Bank looks forward to the future with excitement and a commitment to
bring greater benefits to you.

UCO Bank, with years of dedicated service to the Nation through active financial
participation in all segments of the economy - Agriculture, Industry, Trade &
Commerce, Service Sector, Infrastructure Sector etc., is keeping pace with the
changing environment. With a countrywide network of more than 3000 service units
which includes specialised and computerised branches in India and overseas, UCO
Bank has marched into the 21st Century matched with dynamism and growth.”

Commitment to Customers

“In all our promotional activities, we will be fair and reasonable in highlighting the
salient features of the schemes marketed by us. Misleading or unfair highlighting of
any aspect of any scheme/service marketed by the Bank leading to unfair practice
shall not be resorted to by the Bank.

In commemorating the 50th Year of Independence of India, the Bank released a

booklet entitled "Our Commitment to Customers" incorporating the Citizens’ Charter
on services provided by the Bank.

In our continuing endeavour to serve our customers better, we have considerably

extended the business hours for public transaction at the branches on all week-days.”

Regional management

-The governance of the Bank all around the nation's respective regional areas is
managed by a network of 42 Zonal Offices present in major as well as crucial parts of the
country.

-The Bank's Regional presence includes 3,078 branches and 2,564 ATMs

International presence

-UCO Bank presently has four overseas branches in two important international
financial centres in Singapore and Hong Kong.

Fund Based Credit Facilities:

-Cash credit
-Working capital Demand loan

-Bill Discounting/ Purchasing Facilities.

-Preshipment credit : Export Packing Credit in INR and Denominated Foreign currency

-Post shipment Credit-Foreign Bills Discounting /Purchasing/Negotiation

-Bills Discounting against Inland LCs on Base Rate up to 90 days

-UCO Expo Gold card credit facility is available to exporters on concessional pricing

Non-Fund based facilities

-Letter of Credit (ILC/FLC)

-Bank Guarantee (Financial /Performance)

-Letter of Comfort for availing Buyers credit - for procurement of goods or fixed assets

-Stand by Letter of Credit (SBLC)

-Deferred Payment Guarantee (DPG)

Government Deposit Schemes

Loan-Atal Pension Yojna

Loan-Central Govt Pension

Loan-NPS

Loan-PMJJY

Loan-PMSBY

Loan-Senior Citizen Savings

Loan-Sukanya Samridhi

Loan-Tax payment

Ppf-PPf
Shareholding Pattern - UCO Bank

Holder's Name No of Shares % Share Holding

No Of Shares 11955958176 100%

Promoters 11404910524 95.39%

Foreign Institutions 7998804 0.07%

N Banks Mutual Funds 4963169 0.04%

Others 19830141 0.17%

General Public 369539505 3.09%

Financial Institutions 148716033 1.24%

INDIAN OVERSEAS BANK:

Indian Overseas Bank (IOB) is a major Indian nationalised bank. It is under the
ownership of Ministry of Finance, Government of India

Head Office located at Chennai, Tamilnadu

3,400 domestic branches, about 6 foreign branches and representative office.

As on 31 March 2021, IOB's total business stands at ₹379,885 crore (US$50 billion).

HISTORY

Shri. M.Ct.M. Chidambaram Chettyar

Indian Overseas Bank (IOB) was founded on 10th February 1937 by Shri. M.Ct.M.
Chidambaram Chettyar, a pioneer in many fields.

The Bank was founded by him with the main objective of specializing in foreign
exchange business in banking to take the Bank across the globe

IOB started business simultaneously - at Karaikudi, Chennai and Rangoon in Burma

(presently Myanmar) followed by a branch in Penang, Malaysia.

At the time of Independence IOB had 38 branches in India and 7 branches abroad -and
Deposits stood at Rs.6.64 Crores and Advances at Rs.3.23 Crores at that time.

IOB was one of the 14 major banks that were nationalized in 1969. On the day of
Nationalization in 1969, IOB had 195 branches in India with aggregate deposits of
Rs.67.70 Cr. and Advances of Rs.44.90 Cr.

OBJECTIVES

-specialising in foreign exchange business

- and overseas banking

Joint Ventures/Tie Ups

-IOB entered into Non-Life Insurance Business with Universal Sompo General
Insurance (USGI) Company Limited with equity participation of 19% along with
Allahabad Bank, Karnataka Bank, and Dabur Investments.

-IOB was in tie-up with Apollo Munich Health Insurance to provide specialized health
and personal accident products to its customers till May 2021.

-Now IOB is in tie up with Max Bhupa to provide specialized health and personal
accident products to its customers from June 2021.

is the only bank of Indian origin providing banking services in the Royal Kingdom of
Thailand since 23rd December 1947.

The Bangkok branch of IOB is as old as Independent India and has completed 6 glorious
decades of banking services in Thailand.
PRODUCTS;

Loans, credit cards, savings, investment vehicles etc.

Services provided;

1. Retail Banking

Savings, Current and Term Deposit

2. Loans / Overdrafts - against Thai & Repatriable Indian deposit

3. Car loan, Mortgage loan, Housing loan

4. SME loans, Corporate loans

5. Trade Finance

6. Remittance Services

7. Safe Deposit Lockers

8. NRI Services / Help Desk

OVERSEAS BRANCHES

Singapore, Hong Kong, Bangkok

MILESTONES

1957 – Bank established its own training center

1964 – Inauguration of IOB's Head Office in Mount Road.

1974 – Official Language Department established in 1974

1984 – 1000th branch opened

1991 – Bank moved its Staff College premises to an own spacious learning zone at
Koyambedu

1996 – Banks profit reached INR 100 cr. for the first time i.e. USD16.69Mn [1USD=Rs.
59.9150]

2000 – Initial Public Offer. Follow on Public Offer in 2003.

-The first public sector bank to introduce anywhere banking at its 129 branches in the
four metros, is extending the connectivity to another 100 branches in Hyderabad,
Bangalore, Ahmedabad and Ludhiana

-The first public sector bank in the country to introduce mobile banking services using
the Wireless Application Protocol (WAP).

2005 – Launched Debit Card

2006 – Launched VISA Card, Retail Sale of Gold and Non-Life Joint Insurance Bank
reached INR 1 lac crore mark in Total Business

2006 – 07 Net Profit reached INR 1000 Cr.(US$229.78 Mn) [1USD= Rs. 43.5200]
Bharat Overseas Bank Ltd. Was merged with IOB and First Offsite ATM at Kamatchi
Hospital, Chennai

2009 – 100% CBS

2010 – 2000th Branch -Yamuna Vihar, New Delhi-opened

2011-12 – No. of Branches in Tamil Nadu reached 1000, and IOB celebrated Platinum
Jubilee 2012–13. As on 31.3.2013, total deposits reached INR 202,135 cr.
(US$37,236Mn.) [1USD =Rs. 54.2850] As on 31.3.2013, Total Advances reached INR
164,366cr. (US$30,278 Mn.) As on 31.3.2013, Total Business Mix is at INR 366,501cr.
(US$67,514Mn.), Total No. of Branches 2908

2014-15 Bank has surpassed the landmark of 3000 ATMs as on 31.07.2014 –

Tirumalaipatti Branch

2015 – IOB launched new Mobile Banking, m Passbook applications.

2015-IOB started migration from its in-house CBS platform to Finacle.

January 2016- All branches successfully migrated from in house CBS platform
"CROWN" to FINACLE.

Shareholding Pattern - Indian Overseas Bank

Holder's Name No of Shares % Share Holding

No Of Shares 18902412256 100%

Promoters 18218326570 96.38%

Foreign Institutions 13520998 0.07%

N Banks Mutual Funds 6417127 0.03%

Others 118748587 0.63%

General Public 305359186 1.62%

Financial Institutions 240039788 1.27%

Punjab and sind bank

Punjab & Sind Bank is an Indian nationalised bank.

It is under the ownership of Ministry of Finance, Government of India

its head office located in New Delhi.

As of 31 March 2020, the bank has 1526 branches which are widely spread across India
out of which 635 branches are in the state of Punjab, and 25 zonal offices located all over
India.

HISTORY

It was in the year 1908, when a humble idea to uplift the poorest of poor of the land
culminated in the birth of Punjab & Sind Bank with the far-sighted vision of luminaries
like Bhai Vir Singh, Sir Sunder Singh Majitha and Sardar Tarlochan Singh. They enjoyed
the highest respect with the people of Punjab.
The bank was founded on the principle of social commitment to help the weaker section
of the society in their economic endeavours to raise their standard of life.
Decades have gone by, even today Punjab & Sind Bank stands committed to honor the
social commitments of the founding fathers.
“Vision & Mission Statement “of the Bank.

CORPORATE VISION OF THE BANK: To emerge as a techno savvy vibrant

Public Sector Bank with Pan India presence aspiring to meet expectations of all stake
holders The Mission Statement Of The Bank:

To provide excellent customer service through innovative products and services for
different segments of customers using state of the art technology .To dedicate ourselves
wholeheartedly for “Sarva Jana Hitai Sarva Jana Sukhai”

Shareholding Pattern - Punjab & Sind Bank

Holder's Name No of Shares % Share Holding

No Of Shares 4052667964 100%

Promoters 3933932610 97.07%

Foreign Institutions 352634 0.01%

N Banks Mutual Funds 927288 0.02%

Others 9338457 0.23%

General Public 65836321 1.62%

Financial Institutions 42280654 1.04%

OTHER RURAL BANKS ARE;

Presently there are 43 Regional Rural Banks in India Since 1 April 2020 :

In Andhra Pradesh
-Andhra Pragathi Grameena Bank

-Chaitanya Godavari Gramin Bank

-Saptagiri Gramin Bank

In Arunachal Pradesh
-Arunachal Pradesh Rural Bank

In Assam
-Assam Gramin Vikash Bank

In Bihar
-Dakshin Bihar Gramin Bank

-Uttar Bihar Gramin Bank

In Chhattisgarh
-Chhattisgarh Rajya Gramin Bank

In Gujarat
-Baroda Gujarat Gramin Bank

-Saurashtra Gramin Bank

In Haryana
-Sarva Haryana Gramin Bank

In Himachal Pradesh
-Himachal Pradesh Gramin Bank
In Jammu and Kashmir
-J&K Grameen Bank

-Ellaquai Dehati Bank

In Jharkhand
-Jharkhand Rajya Gramin Bank

In Karnataka
-Karnataka Gramin Bank

-Karnataka Vikas Grameena Bank

In Kerala
-Kerala Gramin Bank

In Madhya Pradesh

-Madhyanchal Gramin Bank

-Madhya Pradesh Gramin Bank

In Maharashtra
-Maharashtra Gramin Bank

-Vidharbha Konkan Gramin Bank

In Manipur
-Manipur Rural Bank
In Meghalaya
-Meghalaya Rural Bank

In Mizoram
-Mizoram Rural Bank

In Nagaland
-Nagaland Rural Bank

In Odisha
-Odisha Gramya Bank

-Utkal Grameen Bank

In Puducherry
-Puduvai Bharathiar Grama Bank

In Punjab
-Punjab Gramin Bank

In Rajasthan
-Baroda Rajasthan Kshetriya Gramin Bank

-Rajasthan Marudhara Gramin Bank

In Tamil Nadu
-Tamil Nadu Grama Bank

In Telangana
-Telangana Grameena Bank

-Andhra Pradesh Grameena Vikas Bank[10]

In Tripura
-Tripura Gramin Bank

In Uttar Pradesh
-Aryavart Bank

-Prathama UP Gramin Bank

-Baroda UP Bank

In Uttarakhand
-Uttarakhand Gramin Bank

In West Bengal
-Paschim Banga Gramin Bank

-Bangiya Gramin Vikash Bank

-Uttarbanga Kshetriya Gramin Bank

IMPACT OF PRIVATISATION ON PSU’s:
The banking sector in India plays a huge role in the development of the economy and
the business activities of the sector have time and again boosted the growth of the
economy. In the banking sector, the Public Sector Banks (hereinafter referred to as PSB)
have been at the forefront of providing banking services to the remotest parts of the
country with numerous welfare schemes and benefits for its customers.

According to the recommendations of the PJ Nayak Committee, the lower

productivity, steep erosion in asset quality and demonstrated uncompetitiveness of
public sector banks over varying time periods (as evidenced by inferior financial
parameters, accelerating stressed assets, and declining market share) and the
recapitalisation of these banks will impose significant fiscal costs. The government in
order to maintain steady growth of the economy, sound health of the banking sector,
and solvency issues of the PSBs, has to either privatise PSBs and allow their future
solvency subject to market competition or to provide a structure or scheme that
provides for the ability of PSBs to compete successfully in the market.

The government, influenced by the recommendation of the committee and due to the
reasons mentioned in the article, has decided to proceed with giving up control of public
banks. However, the privatisation drive will bring down the control of the government
from fifty-one percent but still, the government will enjoy the majority shareholding of
the bank.
Finance Minister Nirmala Sitaraman, in the budget speech of 2021-2022 announced
privatisation of two PSBs as a part of its disinvestment plan. In order to facilitate the
privatization plan, the government is likely to amend the Banking Companies
(Acquisition and Transfer of Undertakings) Act, 1980 which brought the nationalisation
of the banks.

Reason for privatization

The Indian economy has been severely hit by the ongoing pandemic due to which the
government has taken such bold steps of disinvestment.

The rising NPA problem has also become a driving factor for the privatisation drive. The
biggest contributors of NPA are the PSBs due to their welfare state schemes and loan
waivers etc. The biggest contributors of NPA are the PSBs due to their welfare state
schemes and loan waivers etc.

Further, there is an issue of dual control, i.e. the dual control of PSBs by the Ministry of
Finance through the Banking Regulation Act, 1949 and the RBI Act, 1934. The RBI,
unlike private banks, does not have autonomy in the governance of PSBs as there is a
constant intervention of the government that tends to politicise the normal functioning
of the PSBs.

positive effects of privatization of banks in India :-

1. The aspect of administrative efficiency plays a key role in the smooth functioning and
governance of a bank. The administrative efficiency of a private bank as compared to
PSBs is better.
2. It reduced the debt of the government by reducing their stake in the sector.
3. It involved the participation of private skilled entrepreneurs into the banking sector.
4.competition- The private banks, due to increase in the competition, will introduce
innovative products that focus on specific consumer preferences keeping in view the risk
assessment, risk improvement, product pricing, and lower service costs.

5. The influx of foreign investment will allow the private banks to take more risks to
bring in better products, aggressive lending, development in the rural areas, and
providing low-cost services and lower interest on loans.

6. The privatisation of PSBs will enable the private banks to create more job
opportunities for individuals with specialised expertise in banking, finance, and
technology to meet their target-oriented requirements with improved infrastructure and
effective manpower.

7.Profitable venture: The majority of the private banks are successful, to a considerable
extent. Many PSUs are still stagnant and unable to profit. For this reason, the
government has decided that privatisation of PSU banks might save them from further
loss ventures and aid them in making profitable and self-sustainable businesses.

8.Better regulation by the Government: The process of privatisation is also helpful for
the reduction of the responsibility of the Government of India which is since private
banks are more stringent towards loans and frauds.

9. Set practical long-term goals: When banks face a problem, the government usually
takes resolutions based on the choices that would be best for citizens for the next
election. Banks of the public sector are also constantly dominated for political motives.
Implementation of privatisation will allow such banks to set their long-term goals and
worry less about government interference.

negative effects of privatization of banks in India :-

1. The change affected the middle class group of the economy who were depended largely of
public banks for day to day transaction.
2.It reduced the value of other public banks which were still in the market due to the slow
service in comparison with private bank.
3. Private players are prone to failure
The biggest advantage that the PSBs have over the private banks is that the PSBs are
backed by the sovereign. They are not prone to complete failure or becoming extinct as
there is always a chance of recovery due to the support of the government. The most
recent example is the restructuring of the Punjab National Bank (PNB) wherein, the
government intervention by way of debt recovery and restructuring of the assets of the
bank is sought, after the failure of the PNB due to frauds, scams, and its failure to
generate enough cash flows to keep it afloat.
4.inclination towards profit making

5-Difficulty of profit and finance: The government aims to sell the less profitable
companies. The private sector is unwilling to purchase an acceptable amount from the
government. Developing countries sometimes make it challenging for the government to
finance such large purchases.

6-Resistance from Employees: Employees who are at potential risk of losing their jobs
and fear short-term unemployment due to the liquidation by private to those sections of
the public fearing that foreigners are affecting national assets tend to withdraw
investment in banks.

7-Indecent Working and High-priced economy: The private sector is uninterested in

cost reduction or quality production, which leads to unfair practices in which many
businesses indulge in corruption. The private sector’s production cost is frequently high
due to mediocre technology and poor management, leading to disputes. Overpriced raw
materials and other components and a high rate of indirect taxes are also the reasons for
the high-priced economy.

8-Economic power and dependence on government: The dominance of a few business

groups concerning capital and goods is a socio-economic problem that harms the
consumers and society. Although the government’s control of the private sector has
prevented dominance to an extent, it is still insufficient. The private sector is overly
dependent on the government to satisfy its import requirement, finances, etc., which has
diminished the private sector’s capacity to continue on its own

CONCLUSION:
The banking sector in India is one of the largest contributors to the growth of the
economy and is evolving at a steady pace. However, the banking sector, especially the
PSBs has had a huge impact on a decline in the economy due to the ongoing pandemic.
To amplify the growth of the economy and the sector, the decision of the government to
privatise the PSBs will prove to be a structural change in the banking sector by opening
it to private players, increasing capital inflow and foreign investment which may become
a boon to the emergence of the new age for banking sector eventually resulting in
economic resilience of the country. Privatising the PSBs will pump the competition in
the market and lead the debt-ridden PSBs towards a steady path of growth .
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