Total deposits increased by 11. In March, the Reserve Bank of India appointed consulting firms to conduct a special audit of the books and accounts of Bank of Rajasthan. Presently the bank has 463 branches, in 24 states, with 294 of the branches being in Rajasthan. At March 31, 2011, we had a gross portfolio of funded credit derivatives of Rs. Further, to align the skill sets of Bank of Rajasthan employees, special training programs were designed and conducted by the Bank. Net non- performing assets decreased by 37.
A bank has been often described as an institution engaged in accepting of deposits and granting loans. The Bank also established a rural Gramin bank Mewar Anchlik Gramin Bank in Udaipur District in Rajasthan on 26 January 1983. The other tracking technologies work similarly to cookies and place small data files on your devices or monitor your website activity to enable us to collect information about how you use our sites. For example, these cookies track what content are most frequently visited, your viewing history and from what locations our visitors come from. In March, the Reserve Bank of India appointed consulting firms to conduct a special audit of the books and accounts of Bank of Rajasthan. Bank of Rajasthan has a network of 463 branches and a loan book of 77.
This era is the age of specialization with the changing situation in the world economy, banking functions have broadened. Incepted in 1943, BoR has a network of over 463 branches and a customer-base of over 20 lakh. Want to add some juice to your work? For instance, we will recognize your user name and remember how you customized the sites and services, for example by adjusting text size, fonts, languages and other parts of web pages that are alterable, and provide you with the same customizations during future visits. Total deposits at March 31, 2011 formed 67. Bank of Rajasthan has a network of 463 branches and a loan book of 77.
We use the following types of cookies: Persistent Cookies We use persistent cookies to improve your experience of using the sites. India too relies largely on the banking sector for mobilization of deposits as well as for accelerated growth of deposits. The bank was declared winner in the six categories of Best Technology Bank of the Year, Best use of Data, Best Risk Management Initiatives, Best use of Technology in Training, Human Resources and e-Learning initiatives, Best Financial Inclusion Initiative and Best use of Digital and Channels Technology. The parent company was formed in 1955 as a joint-venture of the , India's public-sector banks and public-sector insurance companies to provide project financing to Indian industry. The objective was to encourage and assist industrial development and investment in India. The Bank reached out to all employees of Bank of Rajasthan and addressed their expectations and concerns. Retail advances increased by 5.
However, the bank has been in trouble with both the central bank and the securities market regulator. Further, to align the skill sets of Bank of Rajasthan employees, special training programs were designed and conducted by the Bank. The proposal was approved in-principle by the boards of the two banks. A bench of Chief Justice H L Dattu and Justice Arun Misra was initially reluctant to admit the plea, filed through lawyer Prashant Bhushan, by asking him to approach the High Court. The investment in pass- through certificates decreased by Rs. During fiscal 2010 and fiscal 2011, we focussed on our strategy of increasing the share of current and savings account deposits in total deposits and re-balancing our funding mix. If you want to remove previously-stored cookies, you can manually delete the cookies at any time from your browser settings.
Advances Net advances increased by 19. This may be in the form of loans or mortgages. During the year, we acquired The Bank of Rajasthan which substantially enhanced our branch network and strengthened our presence in northern and western India. First and Third-party Cookies First party cookies These are those cookies that belong to us and which we place on your device or are those set by a website that is being visited by the user at the time e. This allows our sites to recognize your device from those of other users on our sites. Under the deal, would give 25 shares for 118 shares 1:4. The Tayals, who owned about 29 percent of the small bank at the end of December, according to Bombay Stock Exchange data, have been reported to be negotiating with potential buyers.