Kashinath Seth Bank
| Company type | Public sector |
|---|---|
| Industry | Banking, Insurance, Capital Markets and allied industries |
| Founded | 3 September 1947 (1947-09-03) as Kashinath Seth Bank |
| Defunct | 1 April 1995 (1995-04-01) |
| Fate | merged with the State Bank of India |
| Successor | State Bank of India |
| Headquarters | Shahjahanpur , India |
Number of locations | Uttar Pradesh |
Area served | India |
| Products | Deposits, Personal Banking Schemes, C & I Banking Schemes, Agri Banking Schemes, SME Banking Schemes |
| Services | Banking, Trade Finance |
| Parent | State Bank of India |
The Kashinath Seth Bank was a bank founded in the year 1947 in Uttar Pradesh, India.[1]
The bank was a scheduled co-operative bank and it eventually merged with the State Bank of India in 1995.[2][3][4][5]
History
Founding
The bank had been founded in 1947 in Uttar Pradesh.[6][7][8]
The bank obtained its banking license from the Reserve Bank of India in 1958.[9]
Management
The bank had 30 branches and 500 employees. After merging with the State Bank of India in 1995, many of the branches of the bank were closed and finally there were only 12 operational branches of the bank.[10][11][12][13]
Final years
In 1995, the bank was acquired by the State Bank of India, which at the time was under pressure from the Reserve Bank of India.[14][15][16][17]
Legacy
The bank is notable for having played a major role in the history of the financial ecosystem of Uttar Pradesh state.[18]
The bank is also notable for being one of the precursors of the State Bank of India.[19][20][21][22]
See also
Banks portal
- List of banks that have merged to form the State Bank of India
- Indian banking
- List of banks in India
References
- ^ [1]
- ^ [https://www.business-standard.com/article/specials/sbi-seeks-rs-62-crore-compensation-from-rbi-over-kashinath-bank-198032001071_1.html
- ^ [2]
- ^ [3]
- ^ [4]
- ^ [https://www.business-standard.com/article/specials/sbi-seeks-rs-62-crore-compensation-from-rbi-over-kashinath-bank-198032001071_1.html
- ^ [5]
- ^ [6]
- ^ [7]
- ^ [https://www.business-standard.com/article/specials/sbi-seeks-rs-62-crore-compensation-from-rbi-over-kashinath-bank-198032001071_1.html
- ^ [8]
- ^ [9]
- ^ [10]
- ^ [https://www.business-standard.com/article/specials/sbi-seeks-rs-62-crore-compensation-from-rbi-over-kashinath-bank-198032001071_1.html
- ^ [11]
- ^ [12]
- ^ [13]
- ^ [14]
- ^ [https://www.business-standard.com/article/specials/sbi-seeks-rs-62-crore-compensation-from-rbi-over-kashinath-bank-198032001071_1.html
- ^ [15]
- ^ [16]
- ^ [17]
External links
- Business Standard article
- History of Bank mergers
- Google Books source
- v
- t
- e
| Central bank | |
|---|---|
| Think tanks | |
| Speciality banks | |
| Other |
banks
banks
| Wholly owned subsidiary (WOS) | |
|---|---|
| Wound up/closed (or in process) |
| Surrendered licencees or Wound up |
|---|
banks
Banks
| Andhra | |
|---|---|
| Kerala | |
| Uttar Pradesh |
| Merged |
| ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Wound up | |||||||||||
| Failed | |||||||||||
| Liquidated |
|
| Interbank networks |
|
|---|---|
| ATM networks |
providers
| Digital wallets |
|---|
| Protocol and codes | |||||||
|---|---|---|---|---|---|---|---|
| Rates and ratios |
| ||||||
| Regulators | |||||||
| Insolvency, bankruptcy and reconstruction |
| ||||||
| Legislation | |||||||
| Tribunals | |||||||
| Measures | |||||||
| Other |
