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Bank of India is a public sector bank founded in 1906 and nationalised in 1969. It has over 5,000 branches in India and 60 branches abroad, and offers various financial services and products.
ICICI Bank is a private bank that offers a wide range of banking and financial products and services for corporate and retail customers. It has a network of 6,000 branches and 17,000 ATMs in India and a presence in 17 countries, including the US, UK, Singapore, and China.
IBA is an unregistered, voluntary association of Indian banks and financial institutions based in Mumbai. It represents 247 banking companies operating in India and assists them in various ways, including the implementation of new systems and the adoption of standards.
BCSBI is an independent agency that protects consumers of banking services in India and oversees compliance with the Code of Bank's Commitment to Customers. It was formed in 2006 with RBI support, but was dissolved in 2021 after member banks' resolutions.
On July 19, 2024, The New Indian Express published an article stating that Punjab National Bank, Axis Bank, State Bank of India, and ICICI Bank had already started using the UPI credit line product on a trial basis. When it comes to granting pre-approved loans through credit lines on UPI, ICICI Bank is the industry leader. [51] [52]
CERSAI is a public sector company that operates a central online registry of security interests in India. It was formed in 2011 to prevent frauds in lending against equitable mortgages and other assets, and allows lenders and the public to check the registry online.
Federal Bank is the only India based company to feature among India's Best Workplaces™ for Women 2023. [34] The Bank was also featured among India's Best Workplaces™ for Millennials 2023 and recognized as the only Commercial Bank in India by Great Place To Work® for building a culture of innovation for all.
State Bank of Patiala was one of the 23 banks that merged with the State Bank of India on 1 April 2017. It was founded in 1917 and had its headquarters in Patiala, Punjab.