Is Nainital Bank going to be Privatised?
Table of Contents
Is Nainital Bank going to be Privatised?
Nainital Bank, which is a scheduled commercial bank in Uttarakhand and a subsidiary of the Bank of Baroda, may be privatised, fears its employees. The management has, however, said that though Bank of Baroda may reduce its stake in the bank, it will remain in the same form and will not be privatised.
Is Nainital Bank a good bank?
No. It is a good bank. But growth of bank is slow.
Will Nainital Bank merger with Bank of Baroda?
Bank of Baroda (BoB) holds approximately 98\% of shares of Nainital Bank, having only 139 branches in 5 states with total business of Rs. 10000 + crore and approximately 1000 employees. Merger will be in line with present Bank Consolidation Policy of government. The merger will be win-win situation for both banks.
What is the IFSC code of Nainital Bank?
IFSC Code
| IFSC Code | NTBL0NAI037 (used for RTGS and NEFT transactions) |
|---|---|
| District | Nainital |
| State | Uttarakhand |
| Address | Hotel Empire Annexe, Tallital, Nainital 263001 |
| Phone No. | 235414 |
Who is the CEO of Nainital Bank?
Dinesh Pant (Apr 1, 2019–)Nainital Bank / CEO
Is Nainital Bank A Nationalised bank?
Originally Answered: Is Nainital Bank a government bank? No, it is a private bank. It is listed in old private sector bank category by RBI. Although Bank of Baroda owns majority of shares, but it does not fulfill the condition of public sector bank or nationalized banks.
Which bank merged with Nainital Bank?
Bank of Baroda
Bank of Baroda owns 98.6 percent of the 96-year-old Nainital Bank, which had about Rs 7,700 crore rupees ($1.2 billion) of assets at the end of March.
How can I know my account balance in Nainital?
PULL Messaging SMS Services
- For balance enquiry- Type NTBLBAL and send it to 8466997755.
- For last 5 transactions –
- For Cheque Status-
- For Loan A/c balance enquiry-
- For last 5 transactions in loan A/c-