Bank of Rajasthan
In today's world, Bank of Rajasthan has become a topic of great relevance and interest to a large number of people around the world. With the advancement of science and technology, Bank of Rajasthan has positioned itself as a central topic in different areas of knowledge, generating debates, research and new discoveries that have significantly impacted society. From its origin to the present, Bank of Rajasthan has marked a before and after in various areas, generating great changes and transformations that have had an impact on the way we understand the world. In this article, we will explore in detail the impact and importance of Bank of Rajasthan, analyzing its influence in different spheres of daily life and the possible implications it has for the future.
 | |
| Company type | Private company |
|---|---|
| Industry | Banking Loan Capital Markets and allied industries |
| Founded | 1943 |
| Defunct | 2010 |
| Fate | Merged with ICICI Bank |
| Headquarters | Clock Tower, Udaipur, India |
Key people | G. Padmanabhan (MD & CEO) |
| Products | Loans, Savings, Investment vehicles, etc. |
| Revenue | ₹15,073.344 million (US$190 million) (year ended March 2009) |
 ₹1,177.119 million (US$15 million) (March 2009) | |
| Website | www |
The Bank of Rajasthan Ltd (Hindi: बैन्क ओफ राजस्थान) was a private sector bank of India which merged with ICICI Bank in 2010.
History
It was set up at Udaipur in 1943 with an initial capital of Rs. 10.00 lacs. An eminent industrialist named Seth Shri Govindram Seksaria was the founder chairman and Late Shri Dwarka Prasad Gupta was the first General Manager. It was classified as the Scheduled Bank in 1948. The Bank also established a rural (Gramin) bank Mewar Anchlik Gramin Bank in Udaipur District in Rajasthan on 26 January 1983.
The bank's central office is located at Jaipur, although its registered office is in Udaipur. Presently the bank has 463 branches, in 24 states, with 294 of the branches being in Rajasthan.
Merger With ICICI Bank
RBI was critical of BOR's promoters not reducing their holdings in the company. BOR has been merged with ICICI Bank. ICICI paid Rs. 30 billion for it. Each 118 shares of BOR will be converted into 25 shares of ICICI Bank. dated 12 Oct 1998
References
- ^ "The Bank Of Rajasthan Ltd.-Together We Prosper". Archived from the original on 12 December 2010. Retrieved 11 May 2009.
- ^ Bank of Rajasthan – Bank of Rajasthan India – Bank Of Rajasthan Ltd
- ^ "BoR to be merged with ICICI". The Times of India. 18 May 2010. Retrieved 20 August 2010.
- ^ "Bank of Rajasthan to merge with ICICI". The Times of India. 23 May 2010. Retrieved 20 August 2010.
- ^ "ICICI-BoR merger deal valued at Rs 3041 crore". The Times of India. 24 May 2010. Retrieved 20 August 2010.
External links
- History Archived 12 December 2010 at the Wayback Machine
- official Website Archived 6 May 2008 at the Wayback Machine
| International | |
|---|---|
| National | |
 | This Asian bank-related article is a stub. You can help Wikipedia by expanding it. |
  | This article about an Indian company is a stub. You can help Wikipedia by expanding it. |