Nainital Bank is surely one of the oldest established banks in the country, and talking about this specific one, well, it was established way back in 1922, yes, a little earlier than India’s independence itself. Though, for those who have no idea about this bank, it is actually backed by Bank Of Baroda, which means Nainital Bank is a subsidiary of Bank Of Baroda. Sure, this bank is super small and only has about 170 branches in the country, but still, it is a decent player in the banking scene in many states like Uttarakhand, Uttar Pradesh, Delhi, Haryana, and Rajasthan. That’s enough of the introduction stuff, now let’s get to the part where we talk about Nainital Bank Net Worth & Market Cap, which is why you’re here, right? Alright then, here we go.
| Detail | Information |
| Founded | 31st July 1922 |
| Headquarters | Nainital, Uttarakhand, India |
| Parent Company | Bank of Baroda (98.6% stake) |
| Number of Branches | 170 |
| Market Cap | N/A |
| Net Worth (2024) | ₹117.45 crore |
How Much Is Nainital Bank Worth?
Well, there is no straight-up net worth number available for Nainital Bank, but if we take a good look at some financial numbers, you’ll see that this bank’s total paid-up capital is about ₹117.45 crore (as of March 2024), which can also be considered as the net worth. So yes, for now, we’re just going with that number. The overall financial performance of this bank has been kinda decent, but let’s talk about that a little more.
Like, back in 2006, this bank had a net worth of around ₹112 crore, and then came the year 2010, and that was the time when they raised ₹300 crore through a rights issue to strengthen its capital. Looking at these old records of this bank, and if you compare them to the current financial situation, this might not seem like a huge jump, but it’s still pretty decent.
And just so you’re wondering, the bank’s revenue was reported at ₹700.09 crore in 2017, with a net profit of ₹48.46 crore, which is also pretty decent in a way.
What About The Market Cap Nainital Bank?
Well, that number right there is something we can’t tell you because it is not available. Why? You see, for market cap, a bank or company number be listed on the stock market of the country, and since Nainital Bank is not listed on the stock market or there are no publicly traded shares of this bank, there is no market capitalization number, Simple as that.
