The Nainital Bank Ltd

Nainital based private bank, Nainital Bank Limited was founded of the year 1954. This bank is no more a regional banking with multi-state operations as it has expanded operations into Uttar Pradesh, Uttarakhand, Rajasthan, Delhi and Haryana states respectively. The bank has already established more than 100 branches of the above mentioned states.

Late Govind Ballabh Pant and some of his associate leaders from the Shah community of the Kumaon region had established Nainital Bank Limited.

Third largest Indian bank owned by the government, Bank of Baroda acquired the majority stake of Nainital Bank Limited at 98.6% of the year 1975. It took over the management and bank’s total control to make this bank a subsidiary banking operation.

Nainital Bank Limited has already been granted Scheduled Banking status. Its net business has already crossed to Rs. 3,600 crores. The National Insurance Company (NIC) made an agreement with Nainital Bank Limited of the year 2004 to make distribution of general insurance products through its branches easily.

Presently Nainital Bank Limited is one of the associate banks of the Bank of Baroda, HDFC Bank, LIC and the National Insurance Company Limited. Its more than hundred branches of the home state and other surrounding states serve large number of accountholders. It offers online banking facilities for personal, business, rural and agricultural banking solutions.

The Nainital Bank Limited Details:

IFSC Code of Banks of India