Nainital Bank – – The Nainital Bank Ltd.: A Private Sector Bank

Monday, 27 October 2014

The Nainital Bank Limited
Nainital Bank came in light in 1952. It is a Private Sector Bank. Nainital Bank runs its banking and financial business in all over India.

The Nainital Bank Ltd. was founded in 1922 by Govind Ballabh Pant and other prominent person from the Shah/Sah community of Kumaon. Bank of Baroda, State Bank of India and Punjab National Bank have acquired more than 98.6% stake of the bank and have made it a subsidiary in 1975.

Nainital Bank is mainly involved in Fixed Deposit, Saving Bank Account, Laghu Bachat Khata Yojana and Current Account. Head office of the bank is located at Nainital. is the official website of Nainital Bank for the updated information about recruitment, loans, interest rates, savaging accounts, results, new schemes and other services. has a large network of 101 branches in 5 States of India. Branches of the bank are located in Uttaranchal, Uttar Pradesh, Delhi, Haryana and Rajasthan. earned net profit of Rs. 4568.76 lakh by March 2011. The bank had total paid up capital and reserves of Rs. 32298.84 by March 2011.

Other services of Nainital Bank are Apna Aashiana, Suhana Safar, Naini Sahyog, Vyapar Suvidha, Naini Health Care, Naini Shiksha Prasar and Naini Nirman.

Nainital Bank tied up with National Insurance Company (NIC) in 2004 to distribute general insurance products through Uttarankhand, Haryana and New Delhi branches. The Bank offers online services to its customers apart from Personal Banking, Business Banking, Rural and Agricultural Banking.

The Nainital Bank Limited has been registered as Scheduled Commercial Bank in private sector by RBI. It has tied up with Baroda Pioneer Mutual Fund, HDFC Bank, National Insurance Company Limited, Western Union Money Transfer, ING Vysya Life Insurance and Life Insurance Corporation of India to provide better financial services to its customers. The Nainital Bank Ltd. is aimed to offer customer oriented banking and financial services by its branches.


Post a Comment

New Information

Write Your Views