Bank of Rajasthan

The Bank is engaged in the activities of accepting deposits, advances,
 treasury and investment management, interenational banking, export
 credit, merchant banking, lending to priority sector etc. 
 
 2000 - Kali Mohan Bhattacharya has joined Bank of Rajasthan as
 managing
        director.
 
     - The Bank has tied up with Infosys Technologies for revamping
 its
        infotech infrastructure, which will allow the bank to fully
        computerise 50 branches, besides paving the way for a foray
 into
        internet banking and other e-commerce services to customers.
 
  -Bank of Rajasthan Ltd plans tie-ups with Bajaj Allianz and Tata AIG
 for distributing general insurance and life insurance products
 respectively. The board of directors of the bank has recently
 approved the bank's entry  into insurance distributorship and the
 letters of intention (LoIs) were being signed with these two
 companies in this regard, said Mr K.M. Bhattacharya.
 
 2002
 
 -Introduces a new scheme called 'gaadi-bangla scheme' to provide loan
 to buy house and car.
 
 -Implements a comprehensive IT infrastructure called NetServices
 Software, developed by Novell Software Ltd. 
 
 -Receives RBI permission to start its new eight branches and three
 extension counters.
 
 -Devyani Foods, acquires 14% equity stake in the bank
 
 -Navin Tayal resigns from the Directorship of Bank of Rajasthan.
 
 -Bank of Rajasthan Ltd has informed that RBI has approved the
 appointment of Mr Pravin Kumar Tayal as part-time Chairman of the
 Bank for a period of 2 years w e f August 10, 2002 on 
 honorary basis.
 
 -Signs a memorandum of understanding with Bajaj Allianz General
 Insurance Company to act as its exclusive corporate agent in
 Rajasthan
 
 -Bank of Rajasthan Ltd has informed BSE that members at their AGM of
 the Bank passed resolution regarding appointment of 1. Mr Saurabh
 Tayal2. Mr Ajay Gupta.
 
 -Signs a MoU with Birla Sun Life Insurance for distributing Insurance
 Products.
 
 -Corporation Bank ties up with the bank for sharing the teller
 machine networks.
 
 2003
 
 -The Hon'ble High Court, Jaipur has approved the scheme of merger of
 Rajasthan Bank Financial Services Ltd into the Bank
 
 -Promoters shifted their shares to their own private corporate
 companies.
 
 -NOBO blames the CEO & MD of the bank for illegally purchasing shares
 worth Rs.9 cr
 for Rs.1.2cr.
 
 -Members approve for the delisting of the company from 3 stock
 exchanges
 
 -SEBI bans Mr Pravin Kumar Tayal , Chairman of the bank and two other
 directors of KSIL, 
 Mr Navin K Tayal and Mr Sanjay K Tayal from accessing the capital
 market for 2 years.
 
 -UTI enters into ATM sharing venture by joining hands with the bank.
 
 -Bank of Baroda signs MoU with the bank to issue co-branded
 international Visa Electron Debit
 Card.
 
 -Hon'ble High Court, Jaipur approved the scheme of merger of
 Rajasthan Bank Financial Services Ltd into the Bank.
 
 2004
 
 -BoR set up Corp office in Mumbai
 
 -Delists from M.P. Stock Exchange with effect from September 10,
 2004.
 
 2005
 
 -Bank of Rajasthan Ltd in a tie-up with Visa International is coming
 out with credit card in month's time.
 
 2006
 
 -BoR forges alliance with SBI for ATM sharing
 
 -Bank of Rajasthan Ltd has appointed Shri Vipual Dhirajlal Mehta and
 Shri K G Kurian as Directors of the Bank w.e.f. October 27, 2006.
 
 2007
 
 -Bank of Rajasthan Ltd has informed that Shri. Sekhar Bhatnagar and
 Shri. A Madhavan have been appointed as Additional Directors on the
 Board of the Bank by the Reserve Bank of India w.e.f. September 26,
 2007 for a period not exceeding three years.