City Union Bank
The City Union Bank was established on 31st October, 1904 as a limited company called the Kumbakonam Bank Limited. The first Memorandum of Association was signed by twenty devoted and prominent citizens of Kumbakonam.
A note on the catholic syrian bank
The Catholic Syrian Bank was established on November 26, 1920 at Thrissur, Kerala. The bank commenced business on January 1st, 1921 with an authorised capital of Rs.5 L and a paid up capital of Rs. 4,5270/- . In 1964-65, the Bank took over the liabilities and assets of five small/medium sized banks in Kerala.
Bank of Rajasthan – a history
The Bank Of Rajasthan Ltd. was established as a joint stock bank by the Mansingka Brothers at Udaipur in Rajasthan on May 8, 1943. The Bank was established with an initial capital of Rs.10L with the Late Seth Shri Govind Ram Seksaria, an eminent Industrialist of the country, as the founder Chairman.
Axis Bank – a profile
Axis bank, previously called the UTI bank, was established in 1994, 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 of India (GIC) and other four PSU insurance companies. It went public on Sept, 1998 with… Read More »
Analyzing IPOs the scientific way – Part 1
The book value is defined as the difference between total assets and liabilities. In a more crude way it is also defined as the amount that will be left back after paying all liabilities in case of a closure. The P/B of an IPO is calculated as Market value divided by the Book value. It… Read More »
IPO Part 2: Initial Public Offers are back
One of the most important mistakes done the previous wave was the sheer disregard to fundamentals while investing in IPOs. This was due to the huge hue and cry over IPOs and how they gave bombastic returns on the first day of listings. “Hey i brought XYZ Company at Rs 175 in the IPO and… Read More »
Kotak Mahindra Restarts Branch Expansion
Kotak Mahindra Bank, which had deferred branch expansion plans during the last fiscal, due to the economic slowdown and the steep increase in lease rentals is now expanding its network at a moderate pace.
Bank of Maharastra inaugurates Maha Retail Credit Hub
Bank of Maharashtra is a Public Sector Bank established in 1936 and nationalised in 1969. It has 1421 branches all over India and holds the distinction of having the largest network of branches by any Public sector bank in the state of Maharashtra.
Govt Stock Sale on Oct 23
According to a statement released by the Department, “Up to 5 per cent of the notified amount of the sale of the stocks will be allotted to eligible individuals and institutions according to the scheme for non-competitive bidding facility in the auction of government securities.”
A brief history of Allahabad Bank
The oldest Joint Stock Bank of the Country, Allahabad Bank was founded on April 24, 1865 by a group of Europeans at Allahabad. At that juncture Organized Industry, Trade and Banking started taking shape in India. Thus, the History of the Bank spread over three Centuries – Nineteenth, Twentieth and Twenty-First.