Subsidiary of Bank of Baroda
Q. Which Private bank is the wholly owned subsidiary of Bank of Baroda?- Published on 15 Feb 17
a. Axis Bank
b. Nainital Bank
c. HDFC Bank
d. Bandhan Bank
ANSWER: Nainital Bank
The Nainital Bank Limited (NTB) (known as Nainital Bank) is a scheduled commercial bank founded in 1922.
The bank is a subsidiary of Bank of Baroda, the second largest bank in India.
Nainital Bank was founded by Govind Ballabh Pant.
In 1975, the government-owned Bank of Baroda (BOB), the second largest bank in India, acquired a 98.6% (around 99%) stake in the bank and made it a subsidiary.
Nainital bank is associated with Bank of Baroda, HDFC Bank, LIC, National Insurance Company Limited etc.
Currently, NBL has 125 branches in Uttarakhand, Uttar Pradesh, Delhi, Haryana and Rajasthan.
Founded : 1922
Headquarter : Nainital, Uttarakhand
Current Head : Mukesh Sharma (Chairman & CEO)