Nainital Bank Limited is a scheduled commercial bank founded in 1922. The bank is a subsidiary of Bank of Baroda, the second largest bank in India.

As per me In a recent order, CIC has ruled that Nainital bank is a PA as defined in Sec 29h) of the RTI Act, reason behind It is imperative to consider the importance of the fact that 98% of the stakes of the Nainital Bank Limited are owned by the Bank of Baroda, in this case. Thus, it is obvious that the latter owns the former and since the Central Government owns and controls the Bank of Baroda, this ownership and control, therefore, extends to the Nainital Bank.

Bank profile :

Industry Banking

Financial services

Investment services

Founded 1922

Headquarters Seven Oaks Building, Mallital, Nainital, Uttarakhand, India

Key people Mukesh Sharma (Chairman & CEO)

Products Finance and insurance

Consumer banking

Corporate banking

Investment banking

Investment management

Private banking

Parent Bank of Baroda