History of Times Bank Ltd.

1994

- The Bank was incorporated on July 6th, & the Certificate of Commencement of Business was obtained on 22nd August. The Bank was promoted by Bennett, Coleman and Co. limited & its subsidiaries.

1995

- The Bank opened its first branch on 8th June at Dr. D N Road, Mumbai.

- Home banking facilities are offered at all branches & round the clock ATM facility is available at 34 branches. All the branches are fully computerised & are linked through VSAT.

- The Times Bank is 'The Convenience Bank' & has introduced innovative deposit products like 'Times Convenience Deposit' & 'Times Dual Deposit'. It also offers the facility of 'Sunday Holidays and 'Home Banking' service at the customer doorstep.

- The Bank introduced 'Service Express' a customer service request tracking system in order to enable customers to know the exact status of their transactions at any point of time.

- The Bank has a network of 35 ATMs in 34 branches & offers several facilities such as Cash withdrawals, Cash/cheque deposit, Cheque book requests, Request for Access Draft, Transfer from one Account of the Card Holder to another Acc. of his/her or that of another person.

1998

- Times Bank has tied-up with Maestro Asia/Pacific limited for their on-line PIN-based debit product which is known as Maestro.

- The Bank is in the process of tying-up with Brokering and Research Outfits for making Wealth Management Services available for its premium clients.

1999

- The new generation private bank is now launching Internet banking and pioneering newer concepts like debit cards & Millennium centres.

- Times Bank is also a Depository Participant with National Securities Depository Limited & provides services for investing in the shares and debentures in the dematerialised form.

- Times Bank will be launching the product in July & shall issue the Debit Card to all its individual customers.

- The Bank has received the approval from Cirrus Systems Inc. for usage of Cirrus ATM network which will allow the Bank cardholders to access their Acc. at 140 more locations.

- Times Bank has also commence offering cash management services to its corporate clients which encompasses a comprehensive range of products such as electronic funds transfer, cheque collections, receivables, payables management including dividend & interest warrant payments and also payroll administration.

- Times Banks has entered into a tie-up with Mastercard International to offer MasterCard Maestro debit card to all its savings account holders. The bank has also launched consumer finance products which will generate additional future income streams.

- The bank has set up four strategic business units: assets group, trade finance group, services group & syndication & advisory services group.

- TimesBank will become the first bank in the country to provide an on-line, real-time debit programme in Delhi & Mumbai.

- TimesBank Ltd has introduced a comprehensive range of cash management products to help corporates improve their cash, liquidity & treasury management operations.

- The bank is setting up one of largest cash management service centre networks spanning 22 centres, all networked on a real time basis.

- The Bank is coming out with an initial public issue of 3,50,00,000 No. of Equity Shares of Rs 10 each for cash at par aggregating Rs 35 crore.

- TimesBank has become the first bank in India to implement a straight-through-processing & integrated enterprise-wide portfolio risk management system.

- The proposed amalgamation of TimesBank & HDFC Bank is the first of its kind in India where two profitable private banks have agreed to merge on a negotiated basis.

2000

- HDFC Bank shareholders on Saturday approved the proposal amalgamation of TimesBank with their bank at an extraordinary general meeting [EGMs].