Are you looking to know about Bank names full form list? If yes, then you came to right blog article.
In this article you get to know about Bank name full forms. This article is written after referring and reading more than 51 articles related to the above topic. Many people in India does not know about Bank name full forms.
ICICI BANK FULL FORM
ICICI Bank full form refers to Industrial Credit and Investment Corporation of India.
ICICI was formed in 1955 by the World Bank. Its main goal was to create a financial institution that provides long-term financing to Indian businesses. Initially, ICICI focused on financing projects. The bank’s registered office is in Vadodara, Gujarat, and its corporate office is in Mumbai, Maharashtra. ICICI Bank is a well-known financial institution.
ICICI Bank was established in 2002 has its headquarters in Mumbai, Maharashtra, India. The bank operates in 17 countries around the world. In 2014, ICICI Bank held the position of India’s second-largest investment bank and the third-largest in terms of market capitalization.
These services and products are designed to provide convenience and meet the diverse financial requirements of ICICI Bank’s customers.
- Cards services like Debit cards, credit cards, and business cards
- Different types of Loans like Home loans, personal loans, auto loans, and 2-wheeler loans.
- Investments like Tax strategies, mutual funds
- Insurance like Health insurance, life insurance, and general insurance.
- Deposit schemes like Fixed Deposit (FD) and Recurring Deposit (RD) schemes etc.
HDFC BANK FULL FORM
HDFC Bank full form refers to Housing Development Finance Corporation.
it is an Indian banking and financial services company headquartered in Mumbai, Maharashtra. It is the largest private sector bank in India based on assets and market capitalization as of April 2021. With approximately 120,000 employees, it is also one of the largest employers in India.
HDFC Bank was incorporated in 1994 and is primarily focused on housing finance, providing loans to low and middle-income individuals for purchasing homes and funding residential projects for builders. It is listed on the Indian stock exchanges and ranks third in terms of market capitalization.
Core Values of HDFC Bank
HDFC Bank is committed to the following core values: trust, professional service, integrity, and transparency. It aims to provide housing finance and ownership in a professional and systematic manner.
Strategies of HDFC Bank
The bank focuses on maintaining a low level of Gross Non-Performing Assets (NPAs), improving operational efficiency by reducing the cost-to-income ratio, and increasing shareholder value by improving the return on equity.
Network And Shareholders Of Hdfc Bank
HDFC Bank has a vast network of approximately 2,400 branches and 14,533 ATMs across 2,866 cities and towns in India. It also has international branches in London, Dubai, Singapore, and other Middle Eastern countries. While the company operates in India, its major shareholders are foreign institutional investors (FIIs).
AU BANK FULL FORM
AU Bank does not have any full form but you need to understand that what’s most valuable to everyone? Throughout history, people have always considered gold as something very important and valuable. In India, gold is seen as a symbol of prosperity and economic power. That’s why the organization AU Small Finance Bank chose to have “AU” in its name, which comes from the Latin word for gold. Gold is considered lucky in many parts of India. AU Bank, also known as AU Small Finance Bank, doesn’t have a full form. It’s just called AU Bank.
AU BANK HISTORY
AU Bank started in 1996 as a company that provided loans for vehicles. Then, in 2017, it became a small finance bank. The founder of AU Bank is Sanjay Agarwal. AU Bank has more than 23,000 employees and is listed as one of the top 500 companies in India. The Reserve Bank of India recognized AU Bank as a Scheduled Commercial Bank in 2017. Unlike other banks, AU Bank focuses more on giving loans that are backed by collateral, like a house or a car.
AU BANK MEANING
AU Bank has a special meaning. “AU” stands for Inclusiveness, Progress for all, Simplicity, Action, and Urgency. It shows what AU Bank values and aims to achieve.
In simple terms, AU Bank is a bank that started as a vehicle finance company and now offers various banking services. It doesn’t have a full form, but its name comes from the word for gold. The bank focuses on providing secured loans and has a special meaning behind its name.
AXIS BANK FULL FORM
AXIS Bank is a popular Indian bank that doesn’t have a specific full form. It was previously called UTI Bank and was established in 1994. UTI Bank was known as one of the largest private banks in India. However, the bank decided to change its name to AXIS, which doesn’t stand for anything in particular.
Overview Of Axis Bank
As the third largest private sector bank in India, AXIS Bank offers a wide range of financial services to different types of customers, including large and mid-sized companies, small businesses, farmers, and individual consumers. The bank has a large presence across the country with 4,903 domestic branches and 15,953 ATMs as of March 31, 2023. It also has international offices in Singapore, Dubai, and London. These offices focus on providing various banking services to businesses and individuals.
AXIS Bank’s History and Shareholders
AXIS Bank started its operations in 1994 and was among the first new generation private sector banks in India. It was jointly promoted by several organizations including Unit Trust of India (now known as SUUTI), Life Insurance Corporation of India (LIC), and General Insurance Corporation of India (GIC), among others. Over time, the ownership of the bank changed, and currently, SUUTI and LIC are the main shareholders.
AXIS Bank Financial Performance
AXIS Bank has shown steady growth over the years. As of March 31, 2023, the bank had a balance sheet size of Rs. 13,17,326 crores. It has consistently increased its assets, advances, and deposits over the past five years.
AXIS Bank is a well-known Indian bank that started as UTI Bank and later changed its name. It provides a wide range of financial services and has a strong presence in India. The bank has a notable history and has been performing well financially.
IDBI BANK FULL FORM
IDBI Bank full from refers to Industrial Development Bank of India, is a government-owned bank established in 1964 with the aim of driving business development in the country. It is recognized as the 10th largest development bank in the world and operates as a commercial bank under the ownership of the Government of India.
IDBI Bank’s Transformation
Formerly known as Industrial Development Bank of India (IDBI), the bank underwent a significant transformation to become IDBI Bank Ltd. It transitioned from being an apex Development Financial Institution (DFI) to a full-service universal bank. This change allowed IDBI Bank to offer a comprehensive range of banking services to customers across various segments.
Legacy and Evolution of IDBI Bank
IDBI Bank inherited a rich legacy from its predecessor, Industrial Development Bank of India, which served as a prominent DFI from July 1, 1964, to September 30, 2004. During its DFI phase, IDBI played a crucial role in project financing and contributed to the balanced development of industries, particularly in economically backward areas. It also played a pivotal role in nurturing a vibrant capital market.
Expansion and Name Change of IDBI Bank
On October 1, 2004, IDBI underwent a significant transition and became IDBI Ltd., a banking company that embraced a wider scope of banking activities while continuing its DFI role. Over time, IDBI Ltd. merged its subsidiaries, including IDBI Bank, IDBI Home Finance Ltd., IDBI Gilts, and the United Western Bank Ltd., to strengthen its business growth. Eventually, IDBI Ltd. changed its name to IDBI Bank Ltd. to reflect its expanded business functions.
IDBI Bank Products and Services
As a universal bank, IDBI Bank offers a comprehensive range of banking products and services that cater to the diverse needs of millions of Indians. In addition to traditional banking services, the bank has a significant presence in associated financial sector businesses, such as capital markets, investment banking, and mutual funds. IDBI Bank is committed to providing relevant financial solutions, ensuring customer convenience through accessible branches, ATMs, and digital offerings, and delivering excellent customer service.
HSBC BANK FULL FORM
HSBC Bank full form refers to Hongkong and Shanghai Banking Corporation Limited.
HSBC is a bank that has been in India for a long time. It started as the Mercantile Bank of India in 1853. Over the years, it has grown and now offers services to different types of customers, including businesses and individuals.
Acquisition and Expansion
In 1959, the Mercantile Bank of India was acquired by HSBC. HSBC is an international bank that was founded in 1865 to help with trade between China, Europe, and the US. Since then, it has expanded its operations in India and has made important contributions to the Indian banking industry.
HSBC Group Members in India
HSBC operates in India through different entities. These include the Hongkong and Shanghai Banking Corporation Limited, as well as other companies related to HSBC that offer various services.
HSBC Bank Businesses and Services
HSBC provides services through three main divisions:
1. Wealth and Personal Banking: This division offers services to Indian customers living in different parts of the world.
2. Commercial Banking: This division serves business and corporate clients, providing them with different banking solutions.
3. Global Banking & Markets: This division offers financial services to corporate and institutional clients, such as transaction banking, investment banking, and treasury services.
HSBC Additional Entities and Functions
HSBC in India also includes other entities and functions, such as investment management, software development, audit services, and insurance services.
HSBC has a long history in India and offers a wide range of banking services. It serves different types of customers, including businesses and individuals. With its global reach and expertise, HSBC continues to be a significant player in the Indian banking sector.
ESAF BANK FULL FORM
ESAF Bank full form refers to Evangelical Social Action Forum. It is Small Finance company is a licensed small finance bank in India, authorized by the Reserve Bank of India in 2016. With its headquarters in Thrissur, Kerala, the bank operates across 16 states and 1 union territory, providing a wide range of financial products and services to its customers.
Product and Services Offered by ESAF Bank
- Accounts and Deposits
ESAF Small Finance Bank offers savings and current accounts, as well as fixed deposits and recurring deposits, providing customers with secure and convenient banking options.
- Loans and Credit Facilities
The bank provides various loan options, including personal loans, business loans, agriculture loans, and microfinance loans, supporting the financial aspirations of individuals and businesses.
- Insurance:
ESAF Small Finance Bank offers insurance products to safeguard customers’ interests, providing coverage for life, health, and property.
- Financial Inclusion Initiatives
The bank is dedicated to promoting financial inclusion and reaching out to underserved communities, especially in rural and semi-urban areas. It conducts financial literacy programs and educational initiatives to empower individuals with knowledge about financial management.
ESAF Bank Recognition and Awards
ESAF Small Finance Bank has received several accolades for its significant contributions to the microfinance sector and its commitment to promoting inclusive growth. These awards reflect the bank’s dedication to serving the financial needs of marginalized sections of society and supporting economic development at the grassroots level.
ESAF Small Finance Bank is a trusted financial institution in India, focusing on empowering underserved communities and promoting financial inclusion. With its wide range of products and services, along with its commitment to customer education and support, the bank plays a vital role in driving socioeconomic progress and creating a more financially inclusive society.
CONCLUSION
Dear reader in this article you get to know about ICICI Bank full form, HDFC Bank full form, AU Bank full form, AXIS Bank full form, IDBI Bank full form, HSBC Bank full form, ESAF Bank full form. If you have any query regarding this article kindly comment below.
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