Rajasthan has a well-developed banking and financial sector, with a long history of traditional banking practices. Here's a brief overview of the history and top companies operating in the banking and financial sector in Rajasthan:
History:
Rajasthan has a rich history of banking, with the earliest evidence of banking in the state dating back to the medieval period. The Marwaris, a community of traders and bankers, played a significant role in the development of the banking sector in Rajasthan. The state is also home to several cooperative banks, which have played a vital role in providing credit to farmers and small businesses.
Top Companies:
State Bank of India (SBI): SBI is India's largest bank and has a significant presence in Rajasthan. The bank has over 700 branches and over 1,500 ATMs in the state, making it one of the top banks in terms of reach and customer base.
HDFC Bank: HDFC Bank is one of the leading private sector banks in India and has a significant presence in Rajasthan. The bank has over 300 branches and over 900 ATMs in the state, making it one of the top banks in terms of reach and customer base.
ICICI Bank: ICICI Bank is another leading private sector bank in India that has a significant presence in Rajasthan. The bank has over 200 branches and over 700 ATMs in the state.
Rajasthan State Cooperative Bank Limited (RSCB): RSCB is a state-owned cooperative bank that provides credit to farmers and small businesses in Rajasthan. The bank has over 2,000 branches in the state, making it one of the top cooperative banks in the country.
Axis Bank: Axis Bank is a leading private sector bank in India that has a significant presence in Rajasthan. The bank has over 100 branches and over 400 ATMs in the state.
Punjab National Bank (PNB): PNB is one of the leading public sector banks in India and has a significant presence in Rajasthan. The bank has over 300 branches and over 700 ATMs in the state.
Canara Bank: Canara Bank is another leading public sector bank in India that has a significant presence in Rajasthan. The bank has over 200 branches and over 400 ATMs in the state.
Bajaj Finserv: Bajaj Finserv is a leading non-banking financial company (NBFC) in India that provides a wide range of financial services, including consumer finance, wealth management, and insurance. The company has a significant presence in Rajasthan and is known for its innovative financial products and services.
Overall, Rajasthan has a well-developed banking and financial sector, with several top banks and financial institutions operating in the state. The government's focus on promoting financial inclusion and supporting small businesses has created several opportunities for companies looking to invest in the banking and financial sector in Rajasthan.
Directory of Banks & Financial Institutions in Rajasthan State : Public and Private sector banks, financial services and firms etc with short profile and contact info.