 | |
| 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 3. Dr. Deepak Pant (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] |
| ₹89.02 crore (US$11 million) (2025)[3] | |
| ₹50.61 crore (US$6.0 million) (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 |
The Nainital Bank Limited (NTB) (known asNainital Bank)[5] is a scheduled commercial bank founded in 1922. The bank is asubsidiary ofBank of Baroda which is under theownership ofMinistry of Finance of theGovernment of India. The bank has expanded toUttar Pradesh,Uttarakhand,Rajasthan,Delhi andHaryana and has 173 branches.[4][6][7]
Nainital Bank was founded byGovind Ballabh Pant.[8] In 1922, the government-ownedBank 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 itsrights issue in September 2009, to expand itscapital adequacy ratio (CAR) to 14 per cent, this came after it previously withdrew its plans for anIPO 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 withBank 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 withReserve Bank of India (RBI), thecentral bank of India.[12][13]
In December 2024, Nainital Bank upgraded its RTGS, NEFT, and net-banking systems to comply with RBI and IFTAS guidelines, aiming to provide customers with faster, more secure, and seamless online fund transfer services using advanced encryption technologies.[14]
The Nainital Bank Limited has 173 branches presently in the following Indian states.[11]
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