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Banks ATM Network And Customer Services
Banks ATM Network and Customer Services (BANCS) is an interbank network in India. It was launched on 25 February 2004, with 13 member banks. It is managed by an advisory board consisting of member banks. It is successor to the now-defunct Swadhan ATM network. After the cyber attack by Wannacry several ATM were shut down in Kerala in May 2017 Member banks # Bank of Maharashtra # Bank of Bahrain and Kuwait Greater Bombay Co-op Bank# Centurion Bank # Central Bank of India # UTI Bank # Punjab & Sind Bank # IDBI Bank Ltd # RBL Bank # # Cosmos Bank Air Corporation Employees Co-op Bank# Saraswat Bank Technology BANCS is supported by the India Switch Company (ISC), acquired by eFunds in 2005, which in turn, was acquired by Fidelity National Information Services. ISC supports BANCS through a mix of VSATs, ISDN, leased lines, CDMA and GPRS. The financial switches used in the system are provided by Oasis Technology Ltd., Mumbai. The software used is from IBM, Solaris and Ora ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Interbank Network
An interbank network, also known as an ATM consortium or ATM network, is a computer network that enables ATM cards issued by a financial institution that is a member of the network to be used to perform ATM transactions through ATMs that belong to another member of the network. However, the functions which may be performed at the network ATM vary. For example, special services, such as the purchase of mobile phone airtime, may be available to own-bank but not to network ATM cardholders. Furthermore, the network ATM owner may charge a fee for use of network cards (in addition to any fees imposed by the own-bank). Interbank networks enable ATM cardholders to have access to ATMs of other banks that are members of the network when their own bank's ATM is unavailable. This is especially convenient for travelers traveling abroad, where multinational interbank networks, like Plus or Cirrus, are widely available. Interbank networks also permit, through different means, the use of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Bahrain And Kuwait
The Bank of Bahrain and Kuwait (BBK) was established on 16 March 1971 in both the Kingdom of Bahrain and the State of Kuwait. Its shareholders consist of the public, the government of Bahrain, banks and investment companies in Kuwait. BBK engages in the provision of various services and banking products throughout its branches in Bahrain, Kuwait and India as well as its representative office in Dubai, United Arab Emirates. Operations The BBK is split into four major segments: ''Retail Banking'' deals with individual customers through e-banking, loans, multi-feature accounts, credit facilities etc.; ''Treasury and Investment'' which handles internal consults with the various departments and affiliated companies to handle capital management; ''Corporate Banking'' focuses on corporate and institutional customers within Bahrain; and ''International Banking'' works with overseas corporates and institutional customers, with branches in India, representative offices in Turkey and Dubai ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bank Of India
The Central Bank of India (CBI) is an Public sector banks in India, Indian public sector bank based in Mumbai. Despite its name, CBI is not the central bank of India, a role served by the Reserve Bank of India. History The Central Bank of India was established on 21 December 1911 by Sir Sorabji Pochkhanawala with Sir Pherozeshah Mehta as chairman, and the first commercial Indian bank completely owned and managed by Indians. Early-20th century By 1918 Central Bank of India had established a branch in Hyderabad. A branch in nearby Secunderabad followed in 1925. In 1923, it acquired the Tata Industrial Bank in the wake of the failure of the Alliance Bank of Simla. The Tata bank, established in 1917, had opened a branch in Madras in 1920 that became the Central Bank of India, Madras. Central Bank of India was instrumental in the creation of the first Indian exchange bank, the Central Exchange Bank of India, which opened in London in 1936. However, Barclays Bank acquired Cent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
UTI Bank
Axis Bank Limited, formerly known as UTI Bank (1993–2007), is an Indian multinational banking and financial services company headquartered in Mumbai. It is India's third largest private sector bank by assets and fourth largest by market capitalisation. It sells financial services to large and mid-size companies, SMEs and retail businesses. As of 30 June 2016, 30.81% shares are owned by the promoters and the promoter group ( United India Insurance Company Limited, Oriental Insurance Company Limited, National Insurance Company Limited, New India Assurance, General Insurance Corporation of India, Life Insurance Corporation of India and Unit Trust of India). The remaining 69.19% shares are owned by mutual funds, FIIs, banks, insurance companies, corporate bodies and individual investors. History The bank was founded on 3 December 1993 as UTI Bank as a part of Unit Trust of India, a Government of India entity, opening its registered office in Ahmedabad and a corporate office ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Punjab & Sind Bank
Punjab & Sind Bank is an Indian public sector bank headquartered in New Delhi. the bank has 1570 branches, which are widely spread across India. The largest number of branches are in the state of Punjab - 635 branches. The bank has 25 zonal offices, which are located all over India. History The first branch of the bank in Amritsar was established on 24 June 1908 by Bhai Vir Singh, Sir Sunder Singh Majitha, and Sardar Tarlochan Singh to serve the then Sind and Punjab areas of colonial India. On 15 April 1980, Punjab & Sind Bank was among six banks that the Government of India nationalised in the second wave of nationalisation (the first wave had been in 1969 when the government nationalised the top 14 banks). In the 1960s, Punjab & Sind Bank established a branch in London. In 1991 Bank of Baroda acquired Punjab & Sind Bank's London branch at the behest of the Reserve Bank of India following Punjab & Sind's involvement in the Sethia fraud in 1987. Since 2004, the bank has s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
IDBI Bank Ltd
The IDBI Bank Limited (IDBI Bank or IDBI) is a Scheduled Commercial Bank under the ownership of Life Insurance Corporation of India (LIC) and Government of India. It was established by Government of India as a wholly owned subsidiary of Reserve Bank of India in 1964 as Industrial Development Bank of India, a Development Finance Institution, which provided financial services to industrial sector. In 2005, the institution was merged with its subsidiary commercial division, IDBI Bank, and was categorised as "Other Public Sector Bank" category. Later in March 2019, Government of India asked LIC to infuse capital in the bank due to high NPA and capital adequacy issues and also asked LIC to manage the bank to meet the regulatory norms. Consequent upon LIC acquiring 51% of the total paid-up equity share capital, the bank was categorised as a 'Private Sector Bank' for regulatory purposes by Reserve Bank of India with effect from 21 January 2019. IDBI was put under Prompt Corrective ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
