Banks in Jaipur
Banks in Jaipur are almost at an international level with millions of tourists throughout the year and it helps in the easy transactions thus making a comfortable journey. All the banks are present here of which following have limited branches.
The government in August 2019, announced a merger of ten public sector banks to four. One of the benefits of consolidation is higher operational efficiency gains to reduction of the cost of lending according to the official presentation made at the time of announcement.
RBI by virtue of Section 35A and Section 44A of the Banking Regulation Act, 1949 issued a Master Directions named “Reserve Bank of India (Amalgamation of Private Sector Bank) Direction, 2016.
Under Indian Law, Mergers and Acquisitions safeguards the interest of the secured creditors, in the case of SEBI and Competition law, it tareget to shield investors and adverse effect on trade-related competition covered under Companies Act, SEBI and Competition Act 2002.
List of banks available in Jaipur
- Punjab National Bank
- Citibank
- Syndicate Bank
- Deutsche Bank
- Allahabad Bank
- Bandhan Bank
- UCO Bank
- Bank of India
- Bank of Baroda
- Union bank of India
- Indusind Bank
- IDFC Bank
- IDBI Bank
- Canara Bank
- Axis Bank
- Kotak Mahindra
- ICICI Bank
- HDFC Bank
- SBI Bank