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List of Nodal Officers
List of Nodal Officers S. Name of Bank Name of the Nodal Address CPPC Phone/Fax No./e-mail No Officers 1 Allahabad Bank Dr S R Jatav Asstt. General Manager, Office no: 0522 2286378, 0522 Allahabad Bank, CPPC 2286489 Zonal Office Building, Mob: 08004500516 Ist floor,Hazratganj, [email protected] Lucknow UP-226001 2 Andhra Bank Shri M K Srinivas Sr.Manager, Mob: 09666149852,040-24757153 Andhra Bank, [email protected] Centralized Pension Processing Centre(CPPC) 4th floor,Andhra Bank Building,Koti, Hyderabad-500095 3 Axis Bank Shri Hetal Pardiwala, Nodal Officer Mob: 9167550333, AXIS BANK LTD, Gigaplex Bldg [email protected] no.1, 4th floor, Plot No. I.T.5, MIDC, Airoli Knowledge Park, Airoli, Navi Mumbai- 400708 4 Bank of India Shri R. Ashok Chief Manager 0712-2764341, Ph.2764091,92 Nimrani Bank of India, 0712-2764091 (fax) CPPC Branch, Bank of India Bldg. [email protected] 87-A, 1st floor, Gandhibaug, Nagpur-440002. 5 Bank of Baroda Shri S K Goyal, Dy. General Manager, 011-23441347, 011-23441342 Bank of Baroda, [email protected] Central Pension Processing Centre, [email protected] Bank of Baorda Bldg. 16, Parliament Street, New Delhi – 110 001 6 Bank of Shri D H Vardy Manager Ph: 020-24467937/38 Maharashtra Bank of Maharashtra Mob: 08552033043 Central Pension Processing Cell, [email protected] 1177, Budhwar Peth, Janmangal, Bajirao Road Pune-411002 7 Canara Bank Shri K S Hebbar Asstt. General Manager Mob. 08197844215 Canara Bank Ph: 080 26621845 Centralized Pension Processing [email protected] Centre Dwarakanath Bhavan 29, K R Road Basavangudi, Bangalore 560 004 8 Central Bank of Shri V K Sinha Chief Manager Ph: 022-22703216/22703217, India Central Bank of India (CPPC) Fax- 22703218 Central Office, 2nd Floor, [email protected] Central Bank Building, M.G. -
Application for Remittance (REM-I) INDIVIDUALS
REM – I Guidance for Completing the Remittance Application form If you do not have the Remittance Registration number, please submit the Application for Remittance Registration RRF -1 and obtain Registration number before filling up this Application for Remittance Step 1 Please fill remittance application form in block letters after reading terms and conditions and rules governing remittances printed on the form and then sign the form. Ensure Valid Remitter Registration Number and SSN are correctly filled in. All columns must be filled in. If not applicable, mark N/A Step 2 How to Deposit Funds for remittance By cash - You can visit our branch and deposit cash (maximum US$2,500.00 within 30 day period) By Cashier’s/Official Check. Ensure check is payable to Bank of Baroda. Registered Remitter’s name should be printed on the Cashier’s check as purchaser By personal checks – Ensure check is drawn by the Registered remitter from his/her account By wire transfer to Bank of Baroda, New York, ABA Routing No 026005322 for credit to Sundry Deposit Remittance Account 93010200000091. Your Remittance Registration Number with us should be mentioned in the Wire transfer. Fax the filled up and signed Application for Remittance to 212 578 4578. Remittance will be effected only after receipt of the application form. Step 3 You can cancel (in writing) for a full refund before our lodgment of check in Clearing – ie. 3.00 pm ET (where payment is made by check) / within 30 minutes from tendering the application for remittance over counter / within 30 minutes from receipt of fax in respect of payment made by wire transfer . -
Bank of Baroda (BANBAR)
Bank of Baroda (BANBAR) CMP: | 67 Target: | 70 (4%) Target Period: 12 months HOLD January 29, 2021 Business momentum positive; NPA concerns loom Bank of Baroda (BoB) reported a good set of numbers on the operating as well as business front compared to the previous quarter. Asset quality deteriorated marginally. However, rising concerns on stress formation Particulars proved to be a dampener. Particulars Amount NII was up 8.7% YoY to | 7749 crore, on the back of improved margins. Market Capitalisation | 31188 Crore Global NIM improved ~7 bps YoY to 2.87%, while QoQ it was largely flat. GNPA (Q3FY21) 63,182 Domestic margins posted healthy expansion of ~11 bps QoQ to 3.07%. NNPA (Q3FY21) 16,668 Other income growth was miniscule at 5.6% YoY to | 2896 crore, on account NIM (Q3FY21) % 2.87% Update Result of 11% YoY decline in fee income. Provisions remained elevated at | 3957 52 week H/L 94/36 crore; up 31.8% QoQ. The bank said Covid related provisions were worth Networth 73,867.0 | 1709 crore. PAT during the quarter was at | 1061 crore, compared to a loss Face value | 2 of | 1407 crore in the previous quarter last year. DII Holding (%) 11.3 Asset quality performance was a slight disappointment though headline FII Holding (%) 4.3 numbers indicate otherwise. GNPA and NNPA (headline) declined 66 bps and 12 bps to 8.48% and 2.39% vs. 9.14% and 2.51% QoQ, respectively. Key Highlights However, on a proforma basis, GNPA, NNPA ratio increased ~30 bps, 69 Proforma GNPA at 9.63%; guidance bps QoQ to 9.63%, 3.36%, respectively. -
Everything on BHIM App for UPI-Based Payments
Everything on BHIM app for UPI-based payments BHIM UPI app - From linking bank accounts to sending payments. BHIM is based on UPI, which is the Universal Payments Interface and thus linked directly to a bank account. The new digital payments app calledBHIM is based on the Unified Payments Interface (UPI). The app is currently available only on Android; so iOS, Windows mobile users etc are left out. BHIM is also supposed to support Aadhaar-based payments, where transactions will bepossible just with a fingerprint impression, but that facility is yet to roll out. What can BHIM app do? BHIM is a digital payments solution app based on Unified Payments Interface (UPI) from the National Payments Corporation of India (NPCI). If you have signed up for UPI based payments on your respective bank account, which is also linked to your mobile number, then you’ll be able to use the BHIM app to conduct digital transactions. BHIM app will let you send and receive money to other non-UPI accounts or addresses. You can also send money via IFSC and MMID code to users, who don’t have a UPI-based bank account. Additionally, there’s the option of scanning a QR code and making a direct payment. Users can create their own QR code for a certain fixed amount of money, and then the merchant can scan it and the deduction will be made. BHIM app is like another mobile wallet? No, BHIM app is not a mobile wallet. In case of mobile wallets like Paytm or MobiKwik you store a limited amount of money on the app, that can only be sent to someone who is using the same wallet. -
Bank Merger of Bank of Baroda, Vijaya Bank & Dena Bank
Bank Merger of Bank of Baroda, Vijaya Bank & Dena Bank - Latest News & Update! In a move to strengthen the Indian Banking Sector, the Government of India had announced a merger of 3 major banks - Bank of Baroda, Vijaya Bank & Dena Bank. The Union Cabinet has now approved the merger. Post the merger of SBI with its associate banks, this is the 2nd biggest Bank Merger in India. Finance Minister Arun Jaitley called this move as a landmark step towards consolidation of banking operations in India. Read further to know what is a Bank Merger, why bank mergers take place & what are the repercussions & advantages of this merger. Such questions are always asked in IBPS PO, SBI PO, IBPS Clerk, SSC CGL, Railway Group D, and other government exams. Bank Merger - An Introduction Since March 2017, the government has been desiring, to create 4-5 global sized lenders. In accordance with the same, the Government of India is now planning a merger of Bank of Baroda, Vijaya Bank, and Dena Bank. Before that, on April 1, 2017, the Government had merged State Bank of India with its 5 associate banks and Bharatiya Mahila Bank. The Five Associate Banks of SBI that were merged with it are: 1. State Bank of Bikaner & Jaipur, 2. State Bank of Hyderabad, 3. State Bank of Mysore, 4. State Bank of Patiala 5. State Bank of Travancore. This merger had made SBI stand among top 50 banks in the world. Newly Planned Bank Merger - Quick Points The entity formed after this merger will be the 3rd largest bank in India with country-wide reach. -
Canara Bank Atm Card Request Letter
Canara Bank Atm Card Request Letter Gifted and airless Jean immobilises his hatchery twiddlings relocated insinuatingly. Socrates is pyaemic consubstantiallyand roll-outs drowsily when while base waviest Gavriel Prentissregulates hypostatizing wretchedly and and outsat snoring. her Tiebold harborer. often infold Debit Card or Credit Card, then there are multiple ways to block Canara Bank ATM Card Debit Card Credit Card, check out the ways below and block your card earliest to be safe. So I want now new ATM card with extended validity period to do all my account transactions. Moving form of card bank? You are present an account, canara bank will i open employee was given my canara bank at their existing post office. Listed below are some ways by which you can get your card unblocked. Allied schools on ppf transfer letter published here is to know ppf account operation from your letter. Department to bank of their friends have an engineering, icici credit card request. Log in to SBI net banking account with your username and password. Signatures on to minor account transfer request for passbook. Below here is the list of states in India where Purvanchal Gramin Bank has its branches and ATMs. No Instance ID token available. As per Govt of India Instructions, please submit your Aadhaar Number along with the consent at the nearest Branch immediately. Do not share your details or information with any other person. What is cashback on credit cards? Andhra Bank Balance Enquiry Number. Thanks for helping us with this sample letter for issuing a new ATM card. How can send a canara atm. -
Merger of BOB, Dena Bank and Vijaya Bank
Insights Mindmaps General Studies-3; Topic: Indian economy – growth; Resource mobilization Merger of BOB, Dena Bank and Vijaya Bank 1) Introduction The government recently announced the merging of Bank of Baroda, Vijaya Bank and Dena Bank. Cleaning of the balance sheet and minimising NPAs is the objective of the latest merger announced by the government. The strategy which the government has adopted is merging one weak bank with its stronger counterparts. In this case, the weaker bank is Mumbai-based Dena Bank. 2) Significance For the first time, we are witnessing a merger of three PSBs which can be a precursor to other such moves. The three banks involved consist of two strong and one Prompt Corrective Action (PCA) bank (Dena Bank). It is seen as an attempt to revive a relatively weaker bank with two healthier ones. While two banks criss-cross one another in geographical space, the third becomes strategically significant being based in the south. The merger comes at a time when all PSBs are walking the thin edge negative profits. The success of this merger, according to analysts, is crucial for future such attempts. 3) Positives Capital will be higher when merged together and will give a feeling of a stronger bank. Large banks with larger lending capacity. It will provide efficiencies of scale and help improve the quality of corporate governance for the banks. The merged entity will have a market share of about 6.8 per cent by loans, according to data as of March 2018, making it the third largest bank in the system, Moody’s said. -
Evaluating the Pre and Post Merger Impact on Financial Performance of Bank of Baroda and Kotak Mahindra Bank
www.ijcrt.org © 2020 IJCRT | Volume 8, Issue 11 November 2020 | ISSN: 2320-2882 EVALUATING THE PRE AND POST MERGER IMPACT ON FINANCIAL PERFORMANCE OF BANK OF BARODA AND KOTAK MAHINDRA BANK. Author 1: Dr. Umamaheswari S, Assistant professor Jain deemed to be university, Bangalore Author 2: Ashwini S B, M.com FA Jain deemed to be university Bangalore. ABSTRACT: Mergers are the daily financial affair in today’s world. However, it has set its foot to the banking sector only recently. This study intends to understand the financial performance of a public sector- Bank of Baroda and a private sector- Kotak Mahindra Bank. Secondary data from various sources are employed for the data collection. The financial performance has been evaluated based on ratio analysis, percent change and T-test. The analysis shows that there was major negative impact on the profitability, liquidity, growth of Bank of Baroda while a positive impact from pre-merger to post- merger in case of Kotak Mahindra Bank. This study suggests that due diligence should adopted in the identification and selection of banks to be merged to achieve desired synergy. Keywords: Mergers, Banking sectors, T-test, financial performance and ratio analysis. IJCRT2011072 International Journal of Creative Research Thoughts (IJCRT) www.ijcrt.org 678 www.ijcrt.org © 2020 IJCRT | Volume 8, Issue 11 November 2020 | ISSN: 2320-2882 I. INTRODUCTION Mergers is the trend of the banking sector today. There have been many mergers happening in the banking sector in recent times. Mergers in banking sector in India have mainly taken place to strengthen the banking system by combining the loss making or inefficient banks with the stable or profit-making banks due to the increasing trends in NPAs of banks. -
Minutes/2014-15 January 16, 2015
Convener - SLBC Maharashtra No. AX1/PLN/SPL SLBC/Minutes/2014-15 January 16, 2015 Minutes of the Special SLBC Meeting held on January 15, 2015 at Mumbai A special SLBC meeting was convened on 15.01.2015 at Mumbai. The meeting had a focused agenda to discuss progress under Pradhan Mantri Jan Dhan Yojana (PMJDY), saturation of the State with respect to PMJDY, flow of credit to agriculture and achievement under Annual Credit Plan 2014-15. Chief Guest of the meeting was Hon’ble Chief Minister, Maharashtra State, Shri Devendra Fadnavis. Shri Sushil Muhnot, Chairman, SLBC and Chairman & Managing Director, Bank of Maharashtra chaired the meeting. Shri Chandrakant Patil, Minister for Cooperation, Shri Swadheen Kshatriya, Chief Secretary, Shri Sudhir Shrivastava, Additional Chief Secretary (Finance), Shri S.K. Sharma, Principal Secretary (Cooperation), Shri Shrikant Singh, Principal Secretary (Planning) Shri V. Giriraj, Principal Secretary (Rural Development), Shri Rajesh Aggarwal, Principal Secretary, (Information Technology), Shri Chandrakant Dalvi, Commissioner (Cooperation), Shri Vikas Deshmukh, Commissioner (Agriculture) and other senior officials of the State Government attended the meeting. The Reserve Bank of India was represented by Shri S. Ramaswamy, Regional Director, Maharashtra & Goa and Smt. J.M. Jivani, Regional Director, Nagpur. NABARD was represented by Dr. U.S. Saha, CGM, MRO, Pune. Two banks were represented by their Executive Directors viz Ms Trishna Guha, ED, Dena Bank and Shri S.K.V. Srinivasan, ED, IDBI Bank. The meeting was also attended by Shri Pramod Karnad, Managing Director, MSC Bank, Shri U.V. Rao, Chairman, Maharashtra Gramin Bank, Shri SDS Carapurcar, Chairman, Vidarbha Konkan Gramin Bank and other senior officials of Reserve Bank of India, various banks and Lead District Manager of some of the districts in the State. -
Interest Rate Risk Management: a Comparative Study of Bank of Baroda and ICICI Bank
IOSR Journal of Economics and Finance (IOSR-JEF) e-ISSN: 2321-5933, p-ISSN: 2321-5925.Volume 7, Issue 1. Ver. III (Jan. - Feb. 2016), PP 01-04 www.iosrjournals.org Interest Rate Risk Management: A Comparative Study of Bank of Baroda and ICICI Bank M Guru Santhosh1, Prof V N Prakash Sharma2 1 MBA (Finance) Student, 2Assistant Professor Department of Management and Commerce, Sri Sathya Sai Institute of Higher Learning, India Abstract: The Indian banking sector is exposed to various types of risks such as liquidity risk, interest rate risk, credit risk, exchange risk etc. which affects the bank’s Net Interest Income (NII) which is the basic source of a bank’s profitability. The phased deregulation of interest rates and the operational flexibility given to banks in pricing most of the assets and liabilities have exposed the banking system to Interest Rate Risk (IRR).This study is aimed at measuring the interest rate risk in Bank of Baroda and ICICI bank using the traditional gap analysis model. The findings revealed that the banks were exposed to Interest Rate Risk (IRR). Keywords: Interest rate risk, Net Interest Income I. Introduction The effect of interest rate movements on the financial condition of a bank is called interest rate risk. Since, it has a direct impact on the profitability of a bank, it becomes an important area for the management of a bank to focus on the methods to manage and mitigate this risk. The earnings perspective and the economic value perspective are the two most common perspectives of assessing a bank’s exposure to interest rates. -
List of Foreign Exchange Authorised Branches in India
LIST OF FOREIGN EXCHANGE AUTHORISED BRANCHES IN INDIA SWIFT CODE ADDRESS BARBINBBTSY SPECIALISED INTEGRATED TREASURY BRANCH .Baroda Sun Towers 4th & th floor C 34 Gblock Bandra Kurla Complex Bandra East Mumbai 400051 Tel no 022 66363600 general 022 66363636 & 67592705 Fax 022 67592830 67592670 Tel : 022-67592759 /60 mob 9833832772 E mail [email protected] BARBINBBBMO MUMBAI MAIN OFFICE 10/12, Mumbai Samachar Marg, Fort, Mumbai-400 001. Tel :(DGM) 022-22048649 (Forex) 22825201 (General) 22048641 Fax : 22040494 E-mail : [email protected] BARBINBBPAT PATNA MAIN BRANCH Frazer Road, Patna 800 001. Tel : 0612 2225284/2222105/2225837) Fax :0612 2225284 E-mail : [email protected] BARBINBBJAM JAMSHEDPUR MAIN BRANCHBank of Baroda Building,.Main Road, Bistrupur Jamshedpur 831 001 Tel : 0657 424723/423770) Fax :0657 422319 E-mail : [email protected] BARBINBBBHU BHUBANESHWAR BRANCH 91/92, 1st Floor, Bapuji Nagar, Bhubaneshwar – 751 509 Khurda District Tel :0674-2532214 | 2530018 Fax : 530018 E-mail : [email protected] BARBINBBCMS CAMAC STREET BRANCH 3-B, Camac Street, Kolkata-700 016. Tel : 033 22467190 (Mgr) 22293414 (Forex) 033 22291720, 5181 (General) Fax : 033 22264576 E-mail : [email protected] BARBINBBIBB INTERNATIONAL BUSINESS BRANCH 4, India Exchange Place 1st Floor, Kolkata-700 001. Tel : 033 22422694, 22426703 (AGM) / 22434777 (CM) 033 22106721, 22422697 (Forex) Fax No.22424387 E-Mail [email protected] BARBINBBMAT CHANDAVARKAR ROAD BRANCH 309, Matunga (Central Railway) Chandavarkar Road, Mumbai-400 019. Tel : 022-24142374 (Mgr), 24100456 (Forex) 24141699, 24142399 (General) E mail [email protected] BARBINBBGHE GHATKOPAR (EAST) BRANCH A – Chetan Bldg., Rajawadi Road, Ghatkopar (East), Mumbai – 400 077 Tel : 022-25106379, 25107731,25025653(Mgr) Fax : 25135232 E-mail : [email protected] BARBINBBTHW THANE (WEST) BRANCH Annapurna Bhavan, Gokhale Road, Naupada, Thane (West) - 400 602. -
Impact of Mergers & Acquisitions on Selected Banks
Conference Proceeding Published in International Journal of Trend in Research and Development (IJTRD), ISSN: 2394-9333, www.ijtrd.com Impact of Mergers & Acquisitions on Selected Banks Jyothi.L Asst. Professor, Kairalee Nikethan Golden Jubilee Degree College, Indiranagar, Bangalore, India Abstract: Banking sector plays very important role in every iii. To analysis the impact of Mergers & economy & is one of the fastest growing sectors in India. The Acquisitions on Selected Banks. competition is extreme & regardless of the challenge from the B. Research Tools global banks, domestic banks- both public & private sector. There are many indications that weak banks will merge will i. Secondary Data: Bank of Baroda’s, Vijaya Bank strong banks. Mergers & Acquisitions encourage banks to & Dena Bank past 5 financial year data gain global reach, better synergy, compete with global banks & collected, Debt Equity Ratio, Current Ratio, allow banks to acquire the Non-performing assets of weaker Asset Turnover Ratio, Net Profit Margin Ratio, banks. Through Mergers & Acquisitions, banks will get brand Net Operating Profit per share ratio, Non- names, new geographies, and correspondent product offerings performing assets. but also opportunities to cross sell to new accounts acquired by the other banks. The main objective of this paper is to assess C. Scope of the study the impact of merger & acquisition on the performance of i. The study is restricted to the impact of Bank of bank. This study is based on the secondary data collected from Baroda, Vijaya bank & Dena Bank. Magazines, Newspaper, journals etc. ii. The study is based on last four financial year data Keywords: Merger, Acquisitions, Banking sector, Growth of BOB, Vijaya Bank & Dena Bank.