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Dhanlaxmi Bank Ltd was incorporated on 14 November 1927 as Dhanalakshmi Bank at Thrissur with a capital of ₹11,000 and seven employees. It became a Scheduled Commercial Bank in the year 1977. The bank changed its name from Dhanalakshmi Bank to Dhanlaxmi Bank on 10 August 2010.
The Institute of Banking Personnel Selection (IBPS) is a central recruitment agency operating under the ownership of the Ministry of Finance in the Government of India that was started with an aim to encourage the recruitment and placement of young undergraduates, postgraduates and doctorates at the rank of Group 'A' officer, Group 'B' officer, Group 'C' employee and Group 'D' employee in ...
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CSB Bank (formerly known as Catholic Syrian Bank Ltd) [1] — 1920 to Present; Dhanlaxmi Bank (known as Dhanalakshmi Bank before name change in 2010) — 1927 to Present [2] ESAF Small Finance Bank — 2017 to Present; Federal Bank — (In 1931 originally known as Travancore Federal Bank) [3] Kerala Bank; Kerala Gramin Bank — 2013 to Present
The seven other state banks became subsidiaries of the new bank in 1959 when the State Bank of India (Subsidiary Banks) Act, 1959 was passed by the Union government. [ 1 ] The next major government intervention in banking took place on 19 July 1969 when the Indira government nationalised an additional 14 major banks.
Greater autonomy was proposed for the public sector banks in order for them to function with equivalent professionalism as their international counterparts. [11] For this the panel recommended that recruitment procedures, training and remuneration policies of public sector banks be brought in line with the best-market-practices of professional banking systems.
Bank Name Established Headquarter Branches Revenues Total Assets Ref/Notes South Indian Bank: 1929: Thrissur: 875 ₹ 6,562.64 crore (US$770 million) ₹ 74,312.15 crore (US$8.7 billion) Dhanlaxmi Bank: 1927: Thrissur: 280 ₹ 1,116 crore (US$130 million) ₹ 12,286 crore (US$1.4 billion) CSB Bank Limited: 1920: Thrissur: 426 ₹ 1,617.49 crore ...
A review of the RRBs in August 2009 by the Union Finance Minister revealed that a large number of RRBs had a low Capital to Risk weighted Assets Ratio (CRAR). A committee was constituted in September 2009 under the chairmanship of K C Chakrabarty, [4] the deputy governor of the Reserve Bank of India (RBI) to analyse the financials of the RRBs and suggest measures, including re-capitalisation ...