Financial conditions in the global banking system improved following monetary easing measures taken
by the central banks of various economies.
The global economy grew at a slow pace in 2012. Global banks continued their effort for repairing their balance sheets and improving their capital ratios.
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 reduce cost of lending according to the official presentation made at the time of announcing the merger.
As per the finance minister, the merger would help to manage the capital more efficiently. The amalgamation of the PSBs is based on bad loan intensity and regional factors.
Corporation Bank and Andhra Banks was merged with Union Bank of India, Syndicate Bank was merged with Canara Bank, Oriental Bank of Commerce and United Bank of India were merged with Punjab National Bank. While Allahabad Bank was merged with Indian Bank. These got operational from April 2020.
Mentioned below which might com handy in times of need:
| Branch Code | Address |
IFSC Code: IDIB000A063
MICR Code: 395019003
Branch Code: 00A063 | Branch: ATHWALINES
CORNER POINT SHOPPING COMPLEX CITY LIGHT 395007
Contact:
0261 2220047 |
IFSC Code: IDIB000A130
MICR Code: 395019006
Branch Code: 00A130 | Branch: ADAJAN
UG - 1 SANGHVI TOWER ADAJAN SURAT 395009
Contact:
0261 2782670 |
IFSC Code: IDIB000B089
MICR Code: 395019005
Branch Code: 00B089 | Branch: BHATAR
A - 42 Jivkornagar Nr.Roopali Nehar Opp. Swami Vivekanand Garden Bhatar Road, Surat – 395001
Contact:
0261 2240466 |
IFSC Code: IDIB000S039
MICR Code: 395019002
Branch Code: 00S039 | Branch: Surat
Ring Road, Belgium Tower, Surat, Gujarat PIN 395003 Ph:
Contact:
0261 2425737, 2418880 |
IFSC Code: IDIB000N146
MICR Code: 395019007
Branch Code: 00N146 | Branch: NEW ADAJAN
GANGESHWAR MAHADEV, MANDIR ROAD, ADAJAN, SURAT DIST, GUJARAT, PIN 395009
Contact:
2734200 |
IFSC Code: IDIB000B854
MICR Code: NON-MICR
Branch Code: 00B854 | Branch: SURAT BOMBAY MARKET
SURAT ADITYA AWAS BOMBAY MARKET SAHARA GATE SURAT
|
IFSC Code: IDIB000I052
MICR Code: NON-MICR
Branch Code: 00I052 | Branch: IND MSME, SURAT
SHLOK BUSINESS PARK, SHOP NO.10, GF- FF, UDHNA DARWAZA, RING ROAD, SURAT, GUJARAT, PIN-395002
Contact:
261-2367908 |
IFSC Code: IDIB000K330
MICR Code: NON-MICR
Branch Code: 00K330 | Branch: KATARGAM
301, PLOT NO. A3, A4 AND A5 EMPIRE SQUARE BUILDING OPPOSITE LAKE GARDEN KATARGAM
Contact:
0-2612482711 |
IFSC Code: IDIB000P252
MICR Code: NON-MICR
Branch Code: 00P252 | Branch: PARVAT PATIA
GROUND FLOOR 9-10, TIMES SQUARE, NEAR VAKIL WADI, SURAT KADODARA ROAD, PARVAT PATIYA, SURAT DIST, GUJARAT, PIN-395010
Contact:
0-9558303876 |
IFSC Code: IDIB000S295
MICR Code: NON-MICR
Branch Code: 00S295 | Branch: SALABATPURA
SHOP NO. 4 GROUND FLOOR, TRADE HOUSE RING ROAD SALABATPURA
Contact:
0-9461485993 |
IFSC Code: IDIB000S800
MICR Code: NON-MICR
Branch Code: 00S800 | Branch: NANA VARACHA
VARACHHA ROAD G 5 6 & 7 GF SARATHI COMPLEX HIRABAUGH NANAVARACHHA
|
IFSC Code: IDIB000V150
MICR Code: NON-MICR
Branch Code: 00V150 | Branch: VARACHHA
801-A GROUND FLOOR, MOHAN NAGAR BLDG, NR. JEEVAN DHARA HOTEL GEETANJALI CHOK, VARACHHA ROAD
Contact:
0-2612559384 |
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