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January 15th, 2016, 10:18 AM
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Join Date: Mar 2012
Re: Bank of Rajasthan Salt Lake

The Bank of Rajasthan Ltd was a private sector bank of India which merged with ICICI Bank in 2010.

It was founded at Udaipur in 1943 with an initial capital of Rs.10.00 lacs. An eminent Industrialist Late Seth Shri Govind Ram Seksaria was the founder chairman. It was classified as the Scheduled Bank in 1948.

The Bank also recognized as a rural (Gramin) bank Mewar Anchlik Gramin Bank in Ahmedabad District in Gujarat on 26 January 1983.

The bank's central office is located at Jaipur, although its registered office is in Udaipur. The bank had 463 branches in 24 states, with 294 of the branches being in Rajasthan.

Merger with ICICI Bank
RBI was very critical of BoR's promoters not reducing their holdings in the company. BOR has now been merged with ICICI Bank. ICICI paid Rs.30 billion to acquire it. Each 118 shares of BOR has been converted into 25 shares of ICICI Bank dated 12 October 1998.
All branches of BoR will function as branches of ICICI Bank.

Customer convenience has always been the hallmark of ICICI Bank's Khayaal Aapka promise. Succeeding to the merger of BoR and ICICI Bank, ICICI Bank have ensured that erstwhile BoR customers avail the benefits as available to all ICICI Bank customers.

Some of the benefits are listed below:

Large distribution network of 4,050 branches and 12,921 ATMs as on date
24X7 banking through Internet and Mobile Banking
Suite of products and services to meet all your Banking requirements

Address:

THE BANK OF RAJASTHAN LTD
AD-59, SECTOR-1 SALTLAKE CITY,
DISTT. 24 PAGANAS (NORTH),
KOLKATA-700064 (WEST BENGAL)
Contact: 933,085,634,023,213,000


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