Kashinath Seth Bank
| Company type | Public sector |
|---|---|
| Industry | Banking, Insurance, Capital Markets and allied industries |
| Founded | 3 September 1947 as Kashinath Seth Bank |
| Defunct | 1 April 1995 |
| Fate | merged with the State Bank of India |
| Successor | State Bank of India |
| Headquarters | , |
Number of locations | Uttar Pradesh |
Area served | India |
| Products | Deposits, Personal Banking Schemes, C & I Banking Schemes, Agri Banking Schemes, SME Banking Schemes |
| Services | Banking, Trade Finance |
| Parent | State Bank of India |
The Kashinath Seth Bank was a bank founded in the year 1947 in Uttar Pradesh, India.[1]
The bank was a scheduled co-operative bank and it eventually merged with the State Bank of India in 1995.[2][3]
History
[edit]Founding
[edit]The bank had been founded in 1947 in Uttar Pradesh.[1][2]
The bank obtained its banking license from the Reserve Bank of India in 1958.[4]
Management
[edit]The bank had 30 branches and 500 employees. After merging with the State Bank of India in 1995, many of the branches of the bank were closed and finally there were only 12 operational branches of the bank.[1][2][3]
Final years
[edit]In 1995, the bank was acquired by the State Bank of India, which at the time was under pressure from the Reserve Bank of India.[1][4][2][3]
Legacy
[edit]The bank is notable for having played a major role in the history of the financial ecosystem of Uttar Pradesh state.[5]
The bank is also notable for being one of the precursors of the State Bank of India.[1][2][6]
See also
[edit]
- List of banks that have merged to form the State Bank of India
- Indian banking
- List of banks in India
References
[edit]- ^ a b c d e "Sbi Seeks Rs 62-Crore Compensation From Rbi Over Kashinath Bank". Business standard.
- ^ a b c d e "TRENDS OF MERGERS AND ACQUISITIONS IN BANKING SECTOR OF INDIA". www.janataweekly.org.
- ^ a b c Kumar, Parmod (2006). Banking Sector Efficiency in Globalised Economy. Deep & Deep Publications. ISBN 978-81-7629-828-5.
- ^ a b "Kashinath Seth Bank of Uttar Pradesh". www.indiankanoon.org.
- ^ "B.COM Project work and Customer Satisfaction" (PDF). www.gdcchebrole.ac.in.
- ^ Kumar, Parmod (2006). Banking Sector Efficiency in Globalised Economy. Deep & Deep Publications. ISBN 978-81-7629-828-5.
