https://indianpedia.org/index.php?action=history&feed=atom&title=Bank_of_RajasthanBank of Rajasthan - Revision history2026-07-31T06:20:29ZRevision history for this page on the wikiMediaWiki 1.45.4https://indianpedia.org/index.php?title=Bank_of_Rajasthan&diff=406696&oldid=prevCleanupBot II at 19:03, 13 August 20232023-08-13T19:03:22Z<p></p>
<p><b>New page</b></p><div>{{Use Indian English|date=February 2017}}<br />
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{{Infobox company<br />
| name = The BANK OF RAJATHAN Ltd.<br />
| logo = BNKRAJS logo.gif<br />
| type = Private company ([[Bombay Stock Exchange|BSE]]),<br />
| location = Clock Tower,<br/> [[Udaipur]], India<br />
| key_people = G. Padmanabhan (MD & CEO)<br />
| industry = Banking<br />Loan<br />[[Capital Markets]] and allied industries<br />
| fate = Merged with [[ICICI Bank]]<br />
| foundation = {{Start date|1943}}<br />
| defunct = {{End date|2010}}<br />
| products = Loans, Savings, Investment vehicles, etc.<br />
| revenue = {{INRConvert|15073.344|m}} (year ended March 2009)<br />
| assets = <br />
| net_income = {{profit}} {{INRConvert|1177.119|m}} (March 2009)<br />
| num_employees = <br />
| homepage = {{URL|www.bankofrajasthan.com}}<br />
}}<br />
<br />
'''The Bank of Rajasthan Ltd''' ({{lang-hi|बैन्क ओफ राजस्थान}}) ({{BSE|(500019 | BANKRAJAS)}}) was a private sector bank of [[India]] which merged with [[ICICI Bank]] in 2010.<br />
<br />
==History==<br />
<br />
It was set up at [[Udaipur]] in 1943 with an initial capital of Rs. 10.00 lacs. An eminent industrialist named Seth Shri Govindram Seksaria was the founder chairman and Late Shri Dwarka Prasad Gupta was the first General Manager. It was classified as the Scheduled Bank in 1948. The Bank also established a rural (Gramin) bank [[Mewar]] Anchlik Gramin Bank in [[Udaipur]] District in [[Rajasthan]] on 26 January 1983.<br />
<br />
The bank's central office is located at [[Jaipur]], although its registered office is in [[Udaipur]]. Presently the bank has 463 branches,<ref>{{Cite web |url=http://www.bankofrajasthan.com/bor/wcms/en/home/about-us/fact-sheet/index.html |title=The Bank Of Rajasthan Ltd.-Together We Prosper<!-- Bot generated title --> |access-date=11 May 2009 |archive-date=12 December 2010 |archive-url=https://web.archive.org/web/20101212003714/http://bankofrajasthan.com/bor/wcms/en/home/about-us/fact-sheet/index.html |url-status=dead }}</ref><ref>[http://www.iloveindia.com/finance/bank/private-banks/bank-of-rajasthan.html Bank of Rajasthan – Bank of Rajasthan India – Bank Of Rajasthan Ltd<!-- Bot generated title -->]</ref><br />
in 24 states, with 294 of the branches being in Rajasthan.<br />
<br />
== Merger With ICICI Bank ==<br />
RBI was critical of BOR's promoters not reducing their holdings in the company. BOR has been merged with [[ICICI Bank]]. ICICI paid Rs. 30&nbsp;billion for it. Each 118 shares of BOR will be converted into 25 shares of [[ICICI Bank]].<ref>{{cite web|url=http://timesofindia.indiatimes.com/biz/india-business/BoR-to-be-merged-with-ICICI/articleshow/5946620.cms |title=BoR to be merged with ICICI |work=The Times of India|date=18 May 2010 |access-date=2010-08-20}}</ref><ref>{{cite web|url=http://timesofindia.indiatimes.com/Biz/India-Business/Bank-of-Rajasthan-to-merge-with-ICICI/articleshow/5965515.cms |title=Bank of Rajasthan to merge with ICICI |work=The Times of India|date=23 May 2010 |access-date=2010-08-20}}</ref><ref>{{cite web|url=http://timesofindia.indiatimes.com/biz/india-business/ICICI-BoR-merger-deal-valued-at-Rs-3041-crore/articleshow/5966378.cms |title=ICICI-BoR merger deal valued at Rs 3041 crore |work=The Times of India|date=24 May 2010 |access-date=2010-08-20}}</ref> dated 12 Oct 1998<br />
<br />
== References ==<br />
{{Reflist|colwidth=30em}}<br />
<br />
==External links==<br />
<br />
* [http://www.bankofrajasthan.com/bor/wcms/en/home/about-us/history/index.html History] {{Webarchive|url=https://web.archive.org/web/20101212003512/http://bankofrajasthan.com/bor/wcms/en/home/about-us/history/index.html |date=12 December 2010 }}<br />
* [http://www.bankofrajasthan.com official Website] {{Webarchive|url=https://web.archive.org/web/20080506145928/http://www.bankofrajasthan.com/ |date=6 May 2008 }}<br />
<br />
{{Banking in India}}<br />
{{ICICI Group}}<br />
{{Authority control}}<br />
{{Asia-bank-stub}}<br />
<br />
[[Category:Economy of Rajasthan]]<br />
[[Category:Companies based in Rajasthan]]<br />
[[Category:Organisations based in Udaipur]]<br />
[[Category:Indian companies established in 1943]]<br />
[[Category:Banks established in 1943]]<br />
[[Category:Banks disestablished in 2010]]<br />
[[Category:Defunct banks of India]]<br />
[[Category:Indian companies disestablished in 2010]]<br />
[[Category:Companies listed on the Bombay Stock Exchange]]<br />
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