The first European-based banks in India were spotted in the early 19th century. In the late 19th and early 20th centuries, Indian-based banks began to open. On July 19, 1969, 14 large banks of the state were nationalized; but after which they were partly privatized, the government protects in their 80-90% of the share capital. Since July 1993, the invention of fresh personal banks has been permitted. For a long time, the banking division of India consisted of banks small by large standards, but since 2008 the government began to carry out the consolidation of banks for the politician, in particular, a number of regional banks were poured into the Municipal Bank of India, in fact, which brought it to the 6th dozen of the largest banks in the world in terms of assets (48.5 trillion rupees, $ 655 billion as of March 2021). In April 2020, 10 large banks were merged into 4. The role of the central bank is played by the Reserve Bank of India, based in 1935. It will bring to life the currency issue and is considered the main regulator of the country’s banking branch. As of March 31, 2021 (the end of 2020-21 financial years in India), 131 paid banks were working, in total they had more than 150 thousand branches, of which more than 60% are located in rural areas. The volume of accepted depots amounted to 154.4 trillion rupees (2 trillion dollars). The largest category of paid banks is considered to be Public Sector Banks, which include 11 nationalized and 43 regional rural banks; they account for 60% of branches, issued loans and accepted depots. The largest of them are State Bank of India, Punjab National Bank, Bank of Baroda, Canara Bank, Union Bank of India, Bank of India, Indian Bank . The second category is considered to be private banks (Private Sector Banks), which appeared later in 1993, 21 such banks account for within thirty percent of the state banking market. HDFC Bank, ICICI Bank, Axis Bank differ between them. Apart from these two categories of banks, branches and branches of 46 foreign banks operate in India, accounting for 4% of issued loans. A separate group is drawn up by cooperative banks; in 2019, one and a half thousand urban and almost 100 thousand agricultural cooperative banks were registered in India. Even in India, there are about 10 thousand non-bank money firms working. Specialized municipal monetary institutions include National Bank for Agricultural and Rural Development, Export Import Bank of India, Small Industries Development Bank of India, Tourism Finance Corporation of India Limited (Indian Tourism Development Company), National Housing Bank (National Housing Bank) and India Infrastructure Finance Company (Indian Infrastructure Development Firm), as well as the sovereign National Investment and Infrastructure Fund. A special feature of Indian banks is considered to be a huge number of employees, in a certain number one more than in banks of comparable assets in other countries. The foreign presence of Indian banks is small, in the leading are branches and consulates serving the Indian diaspora in England and the states of Asia; several banks have branches in a number of African countries (Kenya, Zambia, Tanzania and others). Commercial Indo Bank LLC, a joint venture between State Bank of India and Canara Bank, operates in the Russian Federation. There are 58 insurance companies operating in the Indian insurance market, of which 24 specialize in life insurance. The bulk of insurance companies belong to the personal sector, in many of them foreign insurers and monetary conglomerates have an important share. Apart from this, insurance offers are given by most of the big banks. As of March 2021, 43 mutual funds were operating in the asset management market in India, the value of assets under their management amounted to 32 trillion rupees ($ 430 billion). The leading ones are joint firms of Indian banks with foreign partners.
IndusInd Bank is a universal Bank with a widespread banking footprint with over 2.5 crore customers, over 5,000 distribution points and nearly 2,000 branches across the country. With ‘Sustainability’ at the core, we offer a wide array of products and services for individuals and corporates including microfinance, personal loans, personal and & commercial vehicles loans, credit cards and SME loans. We are also a preferred banking partner for various Government entities, PSUs and large corporates.
Niyo, India’s leading Fintech, which is making banking simpler, smarter and safer for more than 1.5 million customers. Since its inception in 2015, Niyo has been at the forefront of revolutionising banking with continual digital innovation. Niyo is focused on creating banking that is simpler, smarter and safer for our customers by simplifying finance with technology. Their eclectic team brings together the best of the banking industry and technology, along with a mosaic of other backgrounds. Niyo is an independent, integrated, digital marketing agency, offering a variety of communications and media solutions with a focus on enabling your brand to better connect, communicate and engage with your existing and prospective customers. Integration enables us to offer you a seamless experience in ideas and execution from conception to completion, and tailor the right combination of services to fulfill your unique needs.
Kotak 811 is a product of Kotak Mahindra bank. Kotak Mahindra Group is one of India’s leading financial services conglomerates. In February 2003, Kotak Mahindra Finance Ltd., the Group’s flagship company, received banking license from the Reserve Bank of India, becoming the first non-banking finance company in India to convert into a bank
811 is a new age bank account offered by Kotak Mahindra Bank. You can open a 811 account by downloading the Kotak Mobile Banking App and registering using your Aadhaar number, PAN and other basic details. You can set up a mobile banking PIN and start using your account immediately.
Campaign’s Detail: Kotak811 ofers 6%* interest p.a. on the balance. This is a zero balance savings account with a variety of offers and varients.
Below is the New disclaimer for 811 Savings account. This has come in effect from Nov 1st. Please update all the creatives/mailers wherever required at the earliest.
Anyone using the old disclaimer will be penalized.
Interest on Savings Account balance: 3.50% p.a. up to Rs. 1 lakh | 4% p.a. over Rs. 1 lakh and up to Rs. 5 crores | 3.75% p.a. above Rs. 5 crores. Applicable for Resident Accounts only. The interest rates are subject to change. Visit www.kotak.com for latest information on interest rates.
Religare Health Insurance Company Limited is an Indian health insurance firm established in July 2015, by Religare enterprise limited, Union Bank of India and Corporation Bank. The company is headquartered in Gurgaon, Haryana and operates out of 74 offices across India.
Campaign Description: Religare Health Insurance (RHI), the health insurance arm of Religare Enterprises Limited (REL), is a specialized Health Insurer offering health insurance services to employees of corporates, individual customers and for financial inclusion as well.Religare Health Insurance currently offers products in the retail segment for Health Insurance, Critical Illness, Personal Accident, Top-up Coverage, International Travel Insurance and Maternity along with Group Health Insurance and Group Personal Accident Insurance for corporates.
ICICI Prudential Life is one of India’s leading private sector life insurance companies. ICICI Prudential Life Insurance Company Ltd. is a leading management company (AMC) in the country focused on bridging the gap between savings & investments and creating long term wealth for investors through a range of simple and relevant investment solutions.
Reliance General Insurance is an Indian private insurance company. It is a part of Reliance Group. The Gross Written Premium for the year ended March 31, 2014, was at ₹24.42 billion (US$360 million) with a distribution network composed of over 125 branches and more than 15,500 intermediaries.
Reliance General Insurance was incorporated on 17 August 2000. It received the license to conduct general insurance business in India from the Insurance Regulatory Development Authority of India (IRDAI) on 23 October 2000. Unlike most insurance companies, who have foreign partners, the firm is promoted solely by Reliance Capital.
Equitas Small Finance Bank is a new age bank that is giving children, youth, families and business people across India a new and fun way to bank. In our time as a microfinance company, we silently went about enabling livelihoods and elevating lives. As a small finance bank, we are today going about also to change the very way banking is imagined, delivered, and experienced – with TRUST being the key driver. Come along for this fun ride.
Video KYC is a Zero contact process that enables you to open a bank account instantly using aadhar + Pan + Video KYC wherein, after entering your details, you will have the option to get on a video call with our bank executive to complete your KYC process. The video call will ensure you no longer need to visit the branch to complete your KYC. Currently during banking hours but later we may do it 24/7 or extended time window. This is available during Bank business hours/working day (8AM – 9PM)
Policy Bazaar is an online platform that aggregates insurance plans and serves as a marketplace for policies. It began as a price-comparison website and an information portal for learning about insurance and insurance programs. The website subsequently expanded to become a marketplace for insurance policies.
ICICI Lombard GIC Ltd. is one of the leading private general insurance company in India with a Gross Written Premium (GWP) of Rs 135.93 billion for the year ended March 31, 2020. ICICI Lombard is available digitally through Il Take Care App for all your insurance and wellness needs. This app is a one-stop solution for all your claims, policy renewal, paying premiums, storing all documents on the app — whether health, travel or motor.ICICI Lombard General Insurance Company Limited is a general insurance company in India. It is engaged in general insurance, reinsurance, insurance claims management, and investment management.
Bajaj Finserv Limited, a part of Bajaj Holdings & Investments Limited, is an Indian financial services company focused on lending, asset management, wealth management, and insurance. The company employs over 20,154 employees at 1,409 locations and is engaged in consumer finance businesses, life insurance, and general insurance.
Powered by Reliance Capital, reliancesmartmoney.com is a ‘neutral financial services marketplace’; empowering people to do what’s right for their money. The multi-product digital platform provides access to Mutual Funds, Stocks, Loans & Insurance, PMS, Corporate FDs & Bonds, amongst others; helping you take informed decisions & transact across asset classes seamlessly.