Nainital Bank

Public Bank in India

The Nainital Bank Ltd

Company type| Scheduled commercial bank
Industry| Banking
Financial services
Investment services
Founded| 1922
Headquarters| Nainital, Uttarakhand, India

Key people

| 1\. Sushil Kumar Lal
(MD & CEO)

2.Kuldeep Singh
(Executive Director )[1] 3\. Dr. Deepak Pant
(Chief Executive Officer )[2]

4\. Mahesh Kumar Goyal
(Chief Financial Officer )[3]
Products| Finance and insurance
Consumer banking
Corporate banking
Investment banking
Investment management
Private banking
Revenue| ₹751.85 crore (US$89 million) (2025)[3]

Operating income

|  ₹89.02 crore (US$11 million) (2025)[3]

Net income

|  ₹50.61c (US$Formatting error: invalid input when rounding) (2025)[3]
Total assets| ₹9,360.48 crore (US$1.1 billion) (2025)[3]

Number of employees

| 1188[3]
Parent| Bank of Baroda, Ministry of Finance, Government of India[4]
Website| www.nainitalbank.co.in

The Nainital Bank Limited (NTB) (known as Nainital Bank)[5] is a scheduled commercial bank founded in 1922. The bank is a subsidiary of Bank of Baroda which is under the ownership of Ministry of Finance of the Government of India. The bank has expanded to Uttar Pradesh,Uttarakhand, Rajasthan, Delhi and Haryana and has 173 branches.[4][6][7]

## Overview

[edit]

Nainital Bank was founded by Govind Ballabh Pant.[8] In 1922, 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.[4][8]

The bank had a net worth of around Rs 8.37  billion on as on 31 March 2025.[9] It bank launched its rights issue in September 2009, to expand its capital adequacy ratio (CAR) to 14 per cent, this came after it previously withdrew its plans for an IPO due to adverse market conditions in 2007; by April 2010, the right issue had raised ₹300 million (US$3.5 million).[7][10]

Nainital bank is associated with Bank of Baroda, Currently, NBL has 173 branches in Uttarakhand, Uttar Pradesh, Delhi, Haryana and Rajasthan.[8][11] It also provide online facilities, apart from Personal Banking, Business Banking, Rural and Agricultural Banking. The Nainital Bank Limited is registered as scheduled commercial bank with Reserve Bank of India (RBI), the central bank of India.[12][13]

## Branch Locations

[edit]

The Nainital Bank Limited has 173 branches presently in the following Indian states.[11]

* Uttarakhand
* Uttar Pradesh
*   * Delhi
* Rajasthan
* Haryana

## See also

[edit]

* Banks portal

* Banking in India
* List of banks in India
* Reserve Bank of India
* Indian Financial System Code
* List of largest banks
* List of companies of India
* Make in India

## References

[edit]

1. ^ Cite error: The named reference `ED` was invoked but never defined (see the help page).
2. ^ Cite error: The named reference `CEO` was invoked but never defined (see the help page).
3. ^ a b c d e f "Balance Sheet 31.03.2017". nainitalbank.co.in (15 March 2018).
4. ^ a b c "Domestic: Subsidiary". Bank of Baroda.
5. ^ "Nainital Bank".
6. ^ "Growth potential for Bank of Baroda is pretty high: Arihant Capital Markets". The Economic Times. 28 May 2010. Retrieved 20 August 2010.
7. ^ a b "Nainital Bank drops plan for public issue". The Economic Times. 21 June 2007. Archived from the original on 27 May 2012.
8. ^ a b c "BoB to merge its associate bank". The Financial Express. 25 July 2006.
9. ^ "Banks struggle with RBI norms". The Times of India. 1 October 2006. Archived from the original on 27 September 2012.
10. ^ "Nainital Bank raises Rs 30 cr". Business Standard. India. 1 April 2010.
11. ^ a b Branches NBL
12. ^ ."RBI Private Bank-Indian Bank". Reserve Bank of India.
13. ^ Chip Dickson; Oded Shenkar (2009). "List of Banks in India (2009)". The Great Deleveraging: Economic Growth and Investing Strategies for the Future. FT Press. p. 217. ISBN 978-0-13-235810-1. "Nainital Bank."

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Kerala|

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Rescued|

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Acquired|

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| PSB|

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|

Wound up|

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Liquidated|

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Networks|

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ATM networks|

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Related topics|

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Rates &
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| Rates|

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|

Ratios|

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Regulators|

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Legislation|

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Companies|

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Legislation|

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* FEMA, 1999

Tribunals|

* Company Law - NCLT
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Measures|

* Prompt Corrective Action

Other|

* Institute of Banking Personnel Selection
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