Saraswat Bank
Encyclopedia
Saraswat Bank is an urban co-operative banking institution based in Maharashtra
, India
and operating as a co-operative bank since 1918.
In 1988, it was conferred with scheduled status by Reserve Bank of India
.
The bank has observed good growth during the 2000s with total business growing from 40 billion rupees in 2000 to 230 billion rupees in 2010 (approx. 5 billion US$). The bank has been granted a pan-India operation license by the Reserve Bank.
Maharashtra
Maharashtra is a state located in India. It is the second most populous after Uttar Pradesh and third largest state by area in India...
, India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
and operating as a co-operative bank since 1918.
In 1988, it was conferred with scheduled status by Reserve Bank of India
Reserve Bank of India
The Reserve Bank of India is the central banking institution of India and controls the monetary policy of the rupee as well as US$300.21 billion of currency reserves. The institution was established on 1 April 1935 during the British Raj in accordance with the provisions of the Reserve Bank of...
.
The bank has observed good growth during the 2000s with total business growing from 40 billion rupees in 2000 to 230 billion rupees in 2010 (approx. 5 billion US$). The bank has been granted a pan-India operation license by the Reserve Bank.