What is the full form of BOR?
The BOR full form is the Bank of Rajasthan. Multiple instances make use of the abbreviation BOR. This page concentrates on the Bank of Rajasthan.
BOR was an Indian private-sector bank that merged with ICICI Bank in 2010. RBI criticized BOR’s promoters for not lowering their stake in the company. BOR was combined with ICICI Bank for 30 billion rupees. Each 118 BOR share would be converted into 25 ICICI Bank shares dated October 12, 1998.
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History of BOR
- In 1943, BOR has created in Udaipur with an initial capital of Rs. 10,00 lacs.
- Seth Shri Govind Ram Seksaria, a famous industrialist, served as the company’s initial chairman, while Late Shri Dwarka Prasad Gupta served as the company’s first general manager.
- In 1948, it was classified as a Scheduled Bank. The bank also established Mewar Anchlik Gramin Bank in the Udaipur District of Rajasthan on January 26, 1983.
- The bank’s central headquarters is located in Jaipur, however, its registered office is in Udaipur. The bank has 463 branches across 24 states, including 294 in Rajasthan.
