The Nainital Bank Limited is a scheduled commercial bank in India. It was founded in the year 1922 by Bharat Ratna Pandit Govind Ballabh Pant to meet the banking and financial needs of the people residing in the Kumaon region of the then United Provinces and current Uttarakhand. In the year 1973, the RBI directed a leading public sector bank, Bank of Baroda, to take over the management of Nainital Bank. It remains a subsidiary of Bank of Baroda, which holds majority stakes in it.
| Particular | Details |
| Bank Name | The Nainital Bank Limited |
| Type | Private Sector |
| Founded | 31st July 1922 |
| Founder | Pandit Govind Ballabh Pant |
| Headquarters | Nainital, Uttarakhand, India |
| MD & CEO | Sushil Kumar Lal |
| Chairman | Gopal Singh Gusain |
| Regulator | RBI |
| Services | Consumer Banking, Corporate Banking, Investment Banking and more |
| Branch Network | 176 |
| Customer Base | N/A |
| Total Deposits | INR 8,255.82 crore |
| Total Advances | INR 4,969.86 crore |
| CASA Ratio | 60.20% |
| Bank Type Focus | Retail and Corporate Banking, Agriculture Banking and Digital Banking |
| Official Website | www.nainitalbank.bank.in |
Net Worth and Market Cap
Net Worth of The Nainital Bank Limited was approximately INR 877 crore on 31st March 2025. Since the bank is not listed on the stock exchange, it does not have a publicly-traded market capitalisation.
Corporate Leadership
Sushil Kumar Lal is holding the posts of Managing Director and CEO of The Nainital Bank Limited since April 2025. Gopal Singh Gusain is the Chairman, while Binita Shah is the Independent Director of the bank.
Overview of the Products and Services
The Nainital Bank Limited operates in multiple banking segments, such as retail banking, business or corporate banking, agriculture or rural banking, digital banking and more. The bank also offers wealth management services, insurance products and government-backed schemes.
Apart from standard savings accounts, the customers get access to small accounts for minors, illiterate persons and economically disadvantaged sections. Fixed deposits are available in multiple variants like short-term deposits, re-investment deposits and Naini Gold Sweep-In.
Retail loan options include housing loans like Apna Ashiyana Scheme, vehicle loans like Suhana Safar for salaried individuals, personal loans like Naini Sahyog and others. Business loan products include MSME/trader loans and agricultural loans.
The bank offers investment and wealth management services for mutual funds, demat accounts and more. Its insurance products cover life, general and health. A dedicated mobile app, Naini NEO, integrates various functions like checking balance, fund transfers, bill payments, mini statements and more.
Operational Network
The Nainital Bank Limited is headquartered in Nainital, Uttarakhand, India. Its network comprises of 176 branches operating in Uttarakhand, Uttar Pradesh, Delhi, Rajasthan and Haryana. Majority of the branches are located in Uttarakhand.
