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Bank of India welcomes you to explore the world of premier
bank in India.The Bank is actively involved since 1973
in non-profit activity called Community Services Banking.
All our branches and administrative offices throughout
the country sponsor and participate in large number
of welfare activities and social causes. Our business
is more than banking because we touch the lives of people
anywhere in many ways.Our commitment to nation-building
is complete & comprehensive.
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The
Reserve Bank of India was established on April 1, 1935
in accordance with the provisions of the Reserve Bank
of India Act, 1934.The Central Office of the Reserve
Bank was initially established in Calcutta but was permanently
moved to Mumbai in 1937. The Central Office is where
the Governor sits and where policies are formulated.Though
originally privately owned, since nationalisation in
1949, the Reserve Bank is fully owned by the Government
of India.
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ICICI
Bank is India's second-largest bank with total assets
of Rs. 3,446.58 billion (US$ 79 billion) at March 31,
2007 and profit after tax of Rs. 31.10 billion for fiscal
2007. ICICI Bank is the most valuable bank in India
in terms of market capitalization and is ranked third
amongst all the companies listed on the Indian stock
exchanges in terms of free float market capitalisation*.
The Bank has a network of about 950 branches and 3,300
ATMs in India and presence in 17 countries. |
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Housing Development Finance Corporation Limited (HDFC)
was amongst the first to receive an 'in principle' approval
from the Reserve Bank of India (RBI) to set up a bank
in the private sector, as part of the RBI's liberalisation
of the Indian Banking Industry in 1994. The bank was
incorporated in August 1994 in the name of 'HDFC Bank
Limited', with its registered office in Mumbai, India.
HDFC Bank commenced operations as a Scheduled Commercial
Bank in January 1995.
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UTI
Bank was the first of the new private banks to have
begun operations in 1994, after the Government of India
allowed new private banks to be established. The Bank
was promoted jointly by the Administrator of the specified
undertaking of the Unit Trust of India (UTI - I), Life
Insurance Corporation of India (LIC) and General Insurance
Corporation Ltd. and other four PSU companies, i.e.
National Insurance Company Ltd., The New India Assurance
Company, The Oriental Insurance Corporation and United
Insurance Company Ltd.
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