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WHAT IS NAINITAL BANK


The Nainital Bank Limited (NTB) is a scheduled commercial bank (SCB) with Bank of Baroda controlling a 98.57% shareholding in it. Founded in 1922, Nainital Bank has over 139 branches across five North Indian states and three regional offices — one each in Dehradun, Haldwani and Noida. Nainital Bank, which was founded by Govind Ballabh Pant, is associated with Bank of Baroda, HDFC Bank, LIC, National Insurance Company Limited, etc. It provides personal banking, business banking, rural and agricultural banking and other online facilities. Nainital Bank has branches in Uttarakhand, Uttar Pradesh, Delhi, Rajasthan and Haryana.
 
In 2017, Nainital Bank disclosed its plan to revamp itself as a digital bank. Earlier last year, there were reports that BoB was seeking to sell shares inb Nainital Bank to bolster its balance sheet.
 
In 2018, the 96-year-old bank had a total business of Rs 101.33 billion as of May 2017, registering growth of 25.89 per cent year-on-year. The current chairman and CEO of the bank is Dinesh Pant.

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