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    Financial Banks

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    V Venkata Naga Sai Deepika
    This document provides an overview of several Indian financial banks and institutions. It discusses Andhra Bank, Bank of Baroda, Union Bank of India, India First Life Insurance Company, outlining their founding, leadership, products/services, revenue, assets and other key details. The banks discussed include both nationalized public sector banks as well as private institutions.

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    Financial Banks

    Uploaded by

    V Venkata Naga Sai Deepika
    23 views9 pages
    This document provides an overview of several Indian financial banks and institutions. It discusses Andhra Bank, Bank of Baroda, Union Bank of India, India First Life Insurance Company, outlining their founding, leadership, products/services, revenue, assets and other key details. The banks discussed include both nationalized public sector banks as well as private institutions.

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    This document provides an overview of several Indian financial banks and institutions. It discusses Andhra Bank, Bank of Baroda, Union Bank of India, India First Life Insurance Company, outlining their founding, leadership, products/services, revenue, assets and other key details. The banks discussed include both nationalized public sector banks as well as private institutions.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    23 views9 pages

    Financial Banks

    Uploaded by

    V Venkata Naga Sai Deepika
    This document provides an overview of several Indian financial banks and institutions. It discusses Andhra Bank, Bank of Baroda, Union Bank of India, India First Life Insurance Company, outlining their founding, leadership, products/services, revenue, assets and other key details. The banks discussed include both nationalized public sector banks as well as private institutions.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 9

    FINANCIAL BANKS

    Overview

    V Sai Deepika
    Vishwa Vishwani Institute of Systems and Management
    Andhra Bank
    • Andhra Bank was a medium-sized public sector bank (PSB) of India.
    • It’s a public sector bank in India with total assets of 3,002 crore.
    • Bhogaraju Pattabhi Sitaramayya founded Andhra Bank in 1923 in Machilipatnam, Madras Presidency.
    • The bank was registered on 20 November 1923 and commenced business on 28 November 1923 with a paid
    up capital of ₹100,000 (US$1,300) and an authorised capital of ₹1 million (US$13,000). In 1956, linguistic
    division of States was promulgated and Hyderabad was made the capital of Andhra Pradesh.
    • Andhra Bank opened a representative office in Dubai in May 2006 and another at Jersey City, New Jersey,
    in June 2009.
    • Andhra Bank adopted Gundugolanu village, West Godavari District, Andhra Pradesh – the birthplace of its
    founder, Dr. Bhogaraju Pattabhi Sitaramayya. A comprehensive budget with an outlay of ₹55.5
    million (US$730,000) was finalised for improving health, sanitation, education and social service facilities
    in the village.
    • Andhra Bank has also partnered with various financial institutions like Kotak Mahindra, Reliance, Birla sun
    Life Mutual Fund and Fidelity Mutual Fund, assisting them in sales their Mutual fund products.
    According to the data from 2018-2019
    Vision: To become a significant player,
    providing full range of banking services Areas served •India,Dubai,Malaysia,Jersey City, United
    through innovative customer centric States
    products and to maximize stake holders' Key people J. Packirisamy
    value. (MD & CEO)
    Products Consumer banking, Credit cards, corporate
    banking, finance and insurance, private
    Mission: To work together towards banking, wealth management, Agricultural
    delivering excellent customer service by Loans
    leveraging on technology and human Revenue ₹20,977.26 crore (US$2.8 billion) (2018-19)
    resources to attain world class performance Operating income ₹5,023.12 crore (US$660 million) (2018-19)
    standards. Net income ₹−2,786.13 crore (US$−370 million) (2018-
    19)
    Merger and Acquisition: Andhra Bank Total assets  ₹249,311.41 crore (US$33 billion) (2018-19)
    was merged with Union Bank of India in Number of 20,346 (2018-19)
    employees
    April 2020
    Capital ratio 13.68% (2018-19)
    Bank of Baroda
    • Bank of Baroda (BOB or BoB) is an Indian nationalized banking and financial services company
    headquartered in Vadodara. It is the fourth largest nationalized bank in India.
    • The Maharaja of Baroda, Sayajirao Gaekwad III, founded the bank on 20 July 1908 in the Princely
    State of Baroda, in Gujarat.
    • The bank has 107 branches/offices in 24 countries (excluding India) including 61 branches/offices of the
    bank, 38 branches of its 8 subsidiaries and 1 representative office in Thailand. The Bank of Baroda has a joint
    venture in Zambia with 16 branches
    • Bank of Baroda became the first National Supporter (Indian sponsor) of the FIFA U-17 World Cup India 2017,
    the first football World Cup to be hosted in India.
    • Bank of Baroda sealed a 3-year principal sponsorship contract with Olympics 2016 Women's badminton
    silver medalist P. V. Sindhu and India's No 1 ranked Men's Badminton player Srikanth Kidambi
    • Bank of Baroda acquired the semi naming rights of Sikanderpur metro station in Gurugram. This is the first
    time that a public sector bank has bagged the naming right of a metro station.
    Headquarters Vadodara, Gujarat,India
    Vision:It has been a long and eventful Number of 8,214 Branches10,033 ATMs (2020)
    journey of almost a century across 25 locations
    countries which was started in 1908 from a Services •Asset management, Commercial banking, Financial
    small building in Baroda to its new hi-rise services, Investment banking, Mortgage loans, Private
    and hi-tech Baroda Corporate Centre in banking, Private equity, Retail banking, Savings,
    Mumbai. Securities, Wealth management

    Revenue  ₹82,859.5 crore (US$11 billion) (2021)


    Mission:To be a top ranking National
    Operating  ₹41,173.5 crore (US$5.4 billion) (2021)
    Bank of International Standards committed income
    to augmenting stake holders' value through
    concern, care and competence. Net income  ₹829 crore (US$110 million) (2021)
    Total assets  ₹1,155,364.8 crore (US$150 billion) (2021)
    Merger and Acquisition: Vijaya Bank Number of 82,000+ (2021)
    and Dena Bank were merged from April 1, employees
    2019 Subsidiaries •Bank of Baroda Uganda Limited
    •Bank of Baroda Tanzania Limited
    •Nainital Bank

    Capital ratio 14.99%


    Union Bank of India
    • Union Bank of India, commonly referred to as Union Bank  is an Indian government-owned bank with
    120+ million customers and a total business of US$106 billion.
    • Union Bank of India was established on 11 November 1919 in Bombay by Seth Sitaram Poddar.
    • The bank's corporate office was inaugurated by Mahatma Gandhi.
    • At the time of India's independence in 1947, the bank had four branches – three in Mumbai and one
    in Saurashtra in trade centres.
    • Vision:The main vision of union bank of India is to become the bank of first choice in its chosen areas by
    building beneficial and lasting relationships with customers through a process of continuous improvement
    • Mission: The main of union bank of India is to be a customer centric organization known for its
    differentiated customer service. This bank is to offer a comprehensive range of products to meet all financial
    needs of customers.
    • Merger and Acquisition: On 30 August 2019, Finance Minister Nirmala Sitharaman announced
    that Andhra Bank and Corporation Bank would be merged into Union Bank of India.
    Headquarters Union Bank Bhavan, 239, Vidhan Bhavan Marg, Nariman
    Point, Mumbai, Maharashtra
    , India

    Number of locations 9,316 branches


    12,957 ATMs (March 2021)
    Services Consumer banking, corporate banking, finance and insurance, investment
    banking, mortgage loans, private banking, wealth management

    Revenue  ₹80,104.19 crore (US$11 billion) (FY21)


    Operating income  ₹19,259 crore (US$2.5 billion) (FY21)
    Net income  ₹2,905.97 crore (US$380 million)(FY21)
    Total assets  ₹1,071,705.84 crore (US$140 billion) (FY21)
    Total equity  ₹64,068.44 crore (US$8.4 billion) (FY21)
    Owner Government of India (89.07%)
    Number of 78,202 (FY2)
    employees
    India First Life Insurance Company
    • It was incorporated in November 2009 and is headquartered in Mumbai. It recorded more than INR 2 billion in
    turnover in just four and a half months since the insurance company became operational.
    • Company is a joint venture of India's public sector banks (Bank of Baroda (65%) and Union Bank of
    India (9%), and UK's financial and investment company, Legal & General (26%). The company has paid-up
    share capital of ₹ 663 crore.
    • This company was the first one in the history of IndiaFirst Life Insurance, wherein a private equity fund has
    taken an interest in a life insurance company.
    • IndiaFirst Life offers a diverse series of 31 need-based products (as of 31 March 2020), catering to varied
    customer segments, leveraging multiple distribution capabilities, and augmenting various investment options.
    Products and services: Founded 16 November 2009; 12 years ago
    • Retirement plans Headquarters Mumbai, Maharashtra, India
    • Child life insurance investment plans Area served All India
    • ULIP or unit-linked insurance Key people Ms.R.M.Vishakha
    • Endowment life insurance plans etc (MD& CEO)
    Products Individual and Group Insurance Plans
    Merger and Acquisition: Bank of Baroda Services Life Insurance
    Acquires Union Bank’s 21% stake in India first CEO R.M Vishakha
    life insurance for Rs. 766Cr. BoB and UBI’s joint
    Number of employees 2,800+
    venture
    Branches 27
    Turnover Rs.500 crore(2019)

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