Selected Tag: Unusual Banks
Selected Tag: Unusual Banks

Unusual Banks

IDBI Bank — The Private Bank the Government Never Let Go

The RBI calls IDBI Bank a private sector lender. Why maintain this classification when the government and LIC hold nearly 95% of the bank?

T. Bijoy Idicheriah

April 23, 2026 at 8:36 AM IST

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Via WikiCommons

Unusual Banks

Jammu & Kashmir Bank — A Private Bank With Public Sector DNA

J&K Bank is classified as a private sector lender, but its majority owner is the government. That contradiction has never been fully resolved.

T. Bijoy Idicheriah

April 22, 2026 at 4:17 PM IST

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iStock.com

Unusual Banks

State Bank of Sikkim — A Bank Outside the System

State Bank of Sikkim was outside the RBI's jurisdiction for decades. Now nominally brought in, it remains opaque, troubled, and poorly accounted for.

T. Bijoy Idicheriah

April 21, 2026 at 3:25 PM IST

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iStock.com

Unusual Banks

Paytm Payments Bank — Neither Alive Nor Shut

More than two years after the RBI’s action, Paytm Payments Bank remains in limbo, its licence alive but operations effectively frozen, raising questions about regulatory finality.

T. Bijoy Idicheriah

April 20, 2026 at 7:57 AM IST

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Paytm

Unusual Banks

When a Co-operative Still Carries the Bank Tag

REPCO Bank has long been allowed to use the word “bank” even though it is legally a multi-state co-operative society rather than a bank. The arrangement reflects a legacy exception that now sits uneasily with the RBI’s broader regulatory stance.

T. Bijoy Idicheriah

March 21, 2026 at 5:01 AM IST

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repcobank.com

Unusual Banks

When a Private Bank Is Almost Entirely State-Owned

A bank owned almost entirely by Bank of Baroda still carries the tag of a private sector bank. Nainital Bank reveals a regulatory paradox.

T. Bijoy Idicheriah

March 13, 2026 at 3:10 AM IST

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www.nainitalbank.bank.in

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