History of Bank of Rajasthan Ltd.
The Bank is engaged in the activities of accepting deposits, advances, treasury & investment management, interenational banking, export credit, merchant banking, lending to priority sector etc.
2000 - Kali Mohan Bhattacharya has joined Bank of Rajasthan as managing director.
- The Bank has tied up with Infosys Technologies for revamping its infotech infrastructure, which will allow the bank to fully computerise 50 branches, besides paving the way for a foray into internet banking & other e-commerce services to customers.
-Bank of Rajasthan Ltd plans tie-ups with Bajaj Allianz & Tata AIG for distributing general insurance & life insurance products respectively. The board of directors of bank has recently approved the bank entry into insurance distributorship & the letters of intention [LoIss] were being signed with these two companies in this regard, said Mr K.M. Bhattacharya.
2002
-Introduces a new scheme called 'gaadi-bangla scheme' to provide loan to buy house & car.
-Implements a comprehensive IT infrastructure called NetServices Software, developed by Novell Software limited
-Receives RBI permission to start its new eight branches & three extension counters.
-Devyani Foods, acquires 14% equity stake in the bank
-Navin Tayal resigns from the Directorship of Bank of Rajasthan.
-Bank of Rajasthan Ltd has informed that RBI has approved the appointment of Mr Pravin Kumar Tayal as part-time Chairman of Bank for a period of 2 years w e f August 10, 2002 on honorary basis.
-Signs a memorandum of understanding with Bajaj Allianz General Insurance Comp. to act as its exclusive corporate agent in Rajasthan
-Bank of Rajasthan Ltd has informed BSE that members at their AGM of Bank passed resolution regarding appointment of 1. Mr Saurabh Tayal2. Mr Ajay Gupta.
-Signs a MoU with Birla Sun Life Insurance for distributing Insurance Products.
-Corporation Bank ties up with the bank for sharing the teller machine networks.
2003
-The Hon'ble High Court, Jaipur has approved the scheme of merger of Rajasthan Bank Financial Services Ltd into the Bank
-Promoters shifted their shares to their own private corporate companies.
-NOBO blames the CEO and MD of bank for illegally purchasing shares worth Rs.9 cr for Rs.1.2cr.
-Members approve for delisting of Comp. from 3 stock exchanges
-SEBI bans Mr Pravin Kumar Tayal , Chairman of bank & two other directors of KSIL, Mr Navin K Tayal & Mr Sanjay K Tayal from accessing the capital market for 2 years.
-UTI enters into ATM sharing venture by joining hands with the bank.
-Bank of Baroda signs MoU with the bank to issue co-branded international Visa Electron Debit Card.
-Hon'ble High Court, Jaipur approved the scheme of merger of Rajasthan Bank Financial Services Ltd into the Bank.
2004
-BoR set up Corp office in Mumbai
-Delists from M.P. Stock Exchange with effect from September 10, 2004.
2005
-Bank of Rajasthan Ltd in a tie-up with Visa International is coming out with credit card in month time.
2006
-BoR forges alliance with SBI for ATM sharing
-Bank of Rajasthan Ltd has appointed Shri Vipual Dhirajlal Mehta & Shri K G Kurian as Directors of Bank w.e.f. October 27, 2006.
2007
-Bank of Rajasthan Ltd has informed that Shri. Sekhar Bhatnagar & Shri. A Madhavan have been appointed as Additional Directors on the Board of Bank by Reserve Bank of India w.e.f. September 26, 2007 for a period not exceeding three years.
-The Comp. has issued Bonus Shares in the Ratio of 1:4.
2008
- Bank of Rajasthan Ltd has informed that the Board of Directors in its meeting held on January 23, 2008 co-opted Shri. S B Mathur as an additional Director on the Board of Bank subject to approval of Reserve Bank of India.
-The Comp. has issued Bonus Shares in the Ratio of 1:5.
