Banks in Kolkata
Kolkata is a fast-developing metropolitan city and is the capital of West Bengal, India. The city holds unmatched importance with regard to business, economy, culture and social significance, presenting the finest comforts of a modern cosmopolitan metropolis. The city is growing at a rapid pace, and so is the demand and preferences of consumers here. Banking services in Kolkata is one of the most developed facets that have given it quick prominence among other metropolitan cities in India. Catering to unique needs and budget of consumers here, there are many banks operating in Kolkata, offering excellent services and a great value for money. Discussed here are some of the major banks in Kolkata and their services.
State Bank of India
State Bank of India is the largest bank in the country, established in 1806, with the formation of the Bank of Calcutta. A unique institution, SBI was the first joint-stock bank of British India that was sponsored by the Government of Bengal. Establishment of the bank marks advent of joint-stock banking and limited liability in India for the first time. The State Bank of India was born from the sense of social purpose, which took the concept of banking from mere repositories of community savings and lending to a new concept of purposeful banking serving the growing and diversified needs of economic development.
SBI operates in Kolkata with its head office near Maidan Metro Station. It offers a wide range of services – Personal banking; Agricultural/Rural banking; Corporate Banking; Micro Credit; NRI accounts and deposits, loans, investments and remittances; Government business. Besides, it specializes in wholesale banking, correspondent banking, remittances and global trade services.
The Housing Development Finance Corporate Limited (HDFC) is one of the premier institutions in India that received “in principle” approval from Reserve Bank of India to set up a private bank as a part of RBI’s liberalization of Indian Banking Industry in 1994. HDFC Bank Limited was incorporated in August 1994, with registered office in Mumbai, India. Over the years of professionalism and excellent quality products and services, HDFC Bank has been awarded “Best Investor Relations Bank in Asia.”
HDFC Bank operates in Kolkata, offering a wide spectrum of products including Accounts and Deposits, Loans, Cards, Investments and Insurance, and SmartBuy Offers.
ICICI Bank is the largest private sector bank in India, with a vast network of 3611 branches and 11,162 ATMs throughout the country. It offers a wide spectrum of banking products and financial services to retail and corporate customers. This is true in Kolkata also where you can find number of ICICI branches.The bank operates through different delivery channels and specialized subsidiaries in the areas of investment banking, venture capital, life and non-life insurance, and asset management. ICICI Limited was formed in 1994 as an Indian financial institution, offering innovative banking services and cutting-edge products catering to unique needs of retail and corporate customers in the country.
ICICI Bank in Kolkata offers a wide range of banking products and financial services such as accounts and deposits, cards, loans, insurance, investments, Demat, agriculture and rural banking, Internet banking, mobile banking, and ATM facilities.
Corporation bank was nationalized in 1980 and is the forerunner in evolving and adapting reforms in financial sector. It was formed in 1906 with the vision to emerge as one of the leading banking and financial institutions in India and empowering rural and urban population to participate in nation building. The bank has successfully taken advanced technology to rural consumers in remotest villages through cost-effective branch less banking system. Corporation Bank symbolizes unmatched commitment to deliver convenience banking. It has key products and services in Personal, Corporate, NRI, Priority and MSME, and E-banking.
Union Bank of India
Established in 1919, Union Bank of India has its headquarters in Mumbai, operating through more than 3500 branches across the country. The bank has been continuously playing a proactive role in India’s economic growth, extending banking and credit for diverse requirements across different sectors. Industries, trading, exports, infrastructure, agriculture and individual segments are different sectors in which Union Bank of India has deployed credit to boost economic growth and form a well-diversified portfolio of assets. The bank offers a wide range of products and services across Personal, Corporate, NRI, Priority and MSME, International, and E-banking segments.
Apart from these there are many other banks in Kolkata that serves its customers in organized manner. Both Public Sector and Private Sector banks are present in the City of Joy. Together they are rendering valuable services to the people of Bengal and steadily contributing in the economy of Kolkata and West Bengal.
Other bank branches in Kolkata are:
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