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The Bank of Rajasthan Ltd, Form
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People also ask
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Is Bank of Rajasthan private or government?
Bank of Rajasthan was a private sector bank in India that was founded in 1943. It was headquartered in Udaipur, Rajasthan and operated a network of branches across the country. In 2010, the bank was acquired by ICICI Bank, one of the largest banks in India, and its operations were merged with those of ICICI Bank.
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Is Bank of Rajasthan merger with ICICI Bank?
All branches of BoR will function as branches of ICICI Bank. The boards of both the banks on May 23, 2010, approved the merger for a share exchange ratio of 25 shares of ICICI Bank for 118 shares of BoR.
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Are local area banks private or government?
Meaning of a Local Area Bank Local area banks are referred to as small private banks with low-cost structures that provide financial services limited by the area of operation. These banks usually function in rural and semi-urban areas and three main contiguous districts.
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Is Bank of Rajasthan merger with ICICI Bank?
All branches of BoR will function as branches of ICICI Bank. The boards of both the banks on May 23, 2010, approved the merger for a share exchange ratio of 25 shares of ICICI Bank for 118 shares of BoR.
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Which bank merged with Bank of Rajasthan?
The Bank of Rajasthan Ltd (Hindi: बैन्क ओफ राजस्थान) was a private sector bank of India which merged with ICICI Bank in 2010.
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Who is the owner of Bank of Rajasthan?
In 2010, ICICI Bank completed the acquisition of Bank of Rajasthan, and the bank's operations were merged with those of ICICI Bank. After the acquisition, Bank of Rajasthan ceased to operate as a separate entity and became a part of ICICI Bank.
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Which bank is private or government in India?
In India, there are some of the largest government banks including State Bank of India, Punjab National Bank, Bank of Baroda, Canara Bank, Central Bank of India, Bank of India, etc. State Bank of India is currently the largest bank in the country, which was founded in 1806 as Bank of Calcutta.
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Which bank is merged with ICICI Bank?
2010: The Bank of Rajasthan (BOR) was acquired by the ICICI Bank in 2010 for ₹30 billion (US$360 million). Reserve Bank of India was critical of BOR's promoters not reducing their holdings in the company. BOR has since been merged with ICICI Bank.
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