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Nainital Bank was established in 1922. In 1973, RBI directed Bank of Baroda to manage the operations of Nainital Bank. Nainital Bank celebrated its 101st founding day on 31st July 2023. It has 168 branches and 19 white label ATMs. Bank of Baroda provides a wide range of services for their customers including RTGS, NEFT, SMS Alerts, Rupay Debit Card, Mobile Banking, Naini Net Internet Banking, Gold Loans, Home Loans, Agricultural loans, discounted bills of exchange facilities, and bancassurance products.
Total business of the bank stands at `12463 crores, where total advances stood at 4654 crores and total deposit stood at 7809 crores. The CASA deposits stood at 3118 crores. The credit deposit ratio stands at 59.61% and the net interest margin stands at 3.40%. The net profit of the bank stands at 46.77 crores. and there is a significant dip in NPA which stands at 1.77% as opposed to 3.46% the previous year.