BANKERS

BY JANVI MEHTA

NARAYANA BUSINESS SCHOOL

MENTOR: CHINMAY SIR

Information About
following Banks :
• Bank of Baroda

• Andhra Bank

• Union Bank of India

• Vijaya Bank

• Dena Bank

• India First Life Insurance Company

• Bank of Baroda is one of the leading commercial
public sector banks in India.

• The bank has a significant international presence

with a network of 99 overseas branches/offices
subsidiaries spanning 21 countries.
• Bank of Baroda offer 15 types of savings accounts to
its customers to serve their needs.
• Founded on 20th July 1908 Bank of Baroda is head-
quartered in Vadodara, Gujarat, India. It serves
over 127 million customers across 21 countries and
offers banking products to meet the banking needs
of its customers.
• 3rd largest government owned bank in India, with 132
million customers
BOB- Subsidiaries
Particulars Details
Type Government Owned

Founder Sayajirao Gaekwad III

Revenue ₹91,086
crore (US$13 billion) (2
020)
Operating Income ₹20,470 Cr
(US$2.9 billion)
(2020)
Headquarters Vadodara, Gujarat
 India

Founded 20 July 1908; 112 years

ago
Number of locations 9,482 Branches
13,193 ATMs (2020)
• Andhra Bank was a medium-sized public sector bank
(PSB) of India, with a network of 2885 branches, 4
extension counters, 38 satellite offices and 3798 ATMs
many more.

• The bank had done a total business of ₹3,106

billion (US$44 billion) and has earned a net profit
of ₹5.40 billion (US$76 million) for the Financial Year
2015–16.

• Sitaramayya founded Andhra Bank in 1923 in

Machilipatnam, Andhra Pradesh.

• Bank has been given 'BEST BANK AWARD' a banking

technology award by IDRBT.

• Andhra Bank, along with A P State Government, NABARD,

Canara Bank, Indian Bank, IOB and SBH sponsored the
Andhra Pradesh Banker's Institute of Entrepreneurship
Development, which will offer training to unemployed
youth for improving their skills in Andhra Pradesh.
 SHARE HOLDING
Particulars Details

Type Public Sector

Undertaking
Founder Bhogaraju Pattabhi
Sitaramayya
Revenue ₹20,977.26
Cr (US$2.9 billion)
(2018-19)
Operating Income ₹5,023.12
Cr (US$700 million) 
(2018-19))
Headquarters Hyderabad, Telangana,
India
Founded 28 November 1923; 97
years ago
Number of locations 2885
3798 (ATM’s)
• Union Bank of India is one of the largest
Indian government-owned banks.
• Union Bank of India (Union Bank) was
registered on 11 November 1919 as a limited
company in Mumbai and was inaugurated
by Mahatma Gandhi.
• Union Bank expanded internationally in 2007
with the opening of offices in Abu Dhabi, United
Arab Emirates, and Shanghai in the People's
Republic of China.
• The proposed merger would make Union Bank
the fifth largest public sector bank in the country
with assets of ₹14.59 lakh crore (US$200 billion)
and 9,609 branches.
Particulars Details

Type Government Owned

Founder Seth Sitaram Poddar

Revenue ₹43,268
Cr (US$6.1 billion)
(2020)

Operating Income ₹9,243

Cr (US$1.3 billion)
(2020)

Headquarters Mumbai

Founded 11 November 1919;

101 years ago

Number of locations 9500+ (2020)

• The bank offered a wide range of financial products
and services to customers through its various
delivery channels.

• Vijaya Bank was established by a group of farmers

led by A. B. Shetty on 23 October
1931 in Mangalore in Dakshin Kannada District
of Karnataka State. Since it was established
on Vijayadashami Day, it was named 'Vijaya Bank’.

• The bank became a scheduled bank in 1958. 

• The bank's total business is over ₹2,29,000 crore

comprising deposits of ₹1,33,012 crore and advances
of ₹96,821 crore as at 31 March 2017. Basically
being a retail bank, its topline growth owes quite a
lot to the retail segments. Retail advances of the
bank constitute 30% of the gross credit
Handouts
• Dena Bank was founded on 26 May 1938 by the family
of Devkaran Nanjee, under the name Devkaran Nanjee
Banking Company. It adopted its new
name, Dena (Devkaran Nanjee) Bank, when it was
incorporated as a public company in December 1939.

• In July 1969 the Government of

India nationalized Dena Bank, along with thirteen
other major banks.

• Dena Bank thereby became a Public Sector bank

constituted under the Banking Companies (Acquisition
& Transfer of Undertakings) Act, 1970.

• Under the provisions of the Banking Regulations Act

1949, in addition to the business of banking, a bank
can undertake other businesses as specified in Section
6 of the Banking Regulations Act, 1949.
Share holding
Particulars Details

Type Subsidiary of Bank of Baroda

Founder Devkaran Nanjee

Revenue ₹8,932.23 Cr (US$1.3 billion) (2018)

Operating Income ₹1,171.16 Cr (US$160 million) (2018)

Headquarters C-10, G Block, Bandra-Kurla

Complex, Bandra (E), Mumbai, Mahar
ashtra, India

Founded 26 May 1938

Number of locations 1,872 branches

• It was incorporated in November, 2009. It has
its headquarters in Mumbai.

• India First Life Insurance Company is a joint

venture of India's public sector banks (Bank of
Baroda (44%) and Union Bank of India (30%), and
UK's financial and investment company, Legal &
General (26%).

• India First Life recorded more than INR 2

billion in turnover in just four and a half months
since the insurance company became operational.

• Ms. R.M.Vishakha is MD and CEO of India First

Life Insurance Co.

• The company having 2,800+ employees. And

operated in PAN India.

• They provide Life Insurance Services.

Holdings
Particulars Details

Industry Life Insurance

Area Served All India
Key People Ms.R.M.Vishakha
(MD & CEO)

Products Individual and Group Insurance Plans

Headquarters Mumbai
Founded 16th November 2009

Number of Employees 2800+