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the Nainital Bank
3.4
based on 49 Reviews
Company Overview
Company Locations
Working at the Nainital Bank
Company Summary
The Nainital Bank functions within the banking industry, providing comprehensive banking services across multiple northern Indian states since its establishment in 1922.
Overall Rating
3.4/5
based on 49 reviews
Highly rated for 
Salary
Critically rated for
Promotions, Company culture, Work satisfaction
Work Policy
Alternate Saturday off
62% employees reported
Strict timing
78% employees reported
No travel
50% employees reported
Day shift
100% employees reported
View detailed work policy
Top Employees Benefits
Health insurance
3 employees reported
Job/Soft skill training
3 employees reported
View detailed benefits
About the Nainital Bank
Founded in1922 (103 yrs old)
India Employee Count501-1k
Global Employee Count--
India HeadquartersNainital, India
Office Locations
--
Websitenainitalbank.co.in
Primary Industry
--
Other Industries
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The Nainital Bank Limited was established in the year 1922 with the objective to cater banking needs of the people of the region. In the year 1973, the Reserve Bank of India directed the Bank of Baroda, a premier nationalized bank, to manage the affairs of the Nainital Bank Limited.
The Bank is having 135 branches operating in five states i.e. Uttarakhand, Uttar Pradesh, Delhi, Haryana, and Rajasthan. All the branches of the Bank are operating on the CBS platform. Bank is also providing RTGS, NEFT, SMS Alerts, RuPay ATM cum Debit Card, NainiNet Internet Banking, and Mobile Banking facilities to its customers.
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the Nainital Bank Ratings
based on 49 reviews
Overall Rating
3.4/5
How AmbitionBox ratings work?
5
12
4
17
3
8
2
2
1
10
Category Ratings
3.8
Salary
3.5
Work-life balance
3.2
Job security
2.9
Skill development
2.9
Work satisfaction
2.8
Company culture
2.8
Promotions
the Nainital Bank is rated 3.4 out of 5 stars on AmbitionBox, based on 49 company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
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the Nainital Bank Reviews
Top mentions in the Nainital Bank Reviews
+ 2 more
Compare the Nainital Bank with Similar Companies
|  Change Company |  Change Company |  Change Company | |
|---|---|---|---|---|
Overall Rating | 3.4/5 based on 49 reviews | 3.8/5 based on 1.6k reviews | 4.4/5 based on 1.6k reviews | 3.7/5 based on 2.4k reviews |
Highly Rated for | Salary | Work-life balance | Company culture Work-life balance Job security |  No highly rated category |
Critically Rated for | Company culture Promotions Skill development | Promotions |  No critically rated category | Promotions |
Primary Work Policy | - | Work from office 59% employees reported | Work from office 67% employees reported | Work from office 88% employees reported |
Rating by Women Employees | 2.6 Poor rated by 7 women | 3.1 Average rated by 113 women | 4.4 Good rated by 88 women | 3.5 Good rated by 322 women |
Rating by Men Employees | 3.6 Good rated by 38 men | 3.9 Good rated by 1.4k men | 4.4 Good rated by 1.4k men | 3.8 Good rated by 1.9k men |
Job security | 3.2 Average | 3.5 Good | 4.3 Good | 3.4 Average |
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the Nainital Bank Salaries
the Nainital Bank salaries have received with an average score of 3.8 out of 5 by 49 employees.
Branch Manager
(16 salaries)
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₹8 L/yr - ₹14 L/yr
Credit Officer
(7 salaries)
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₹6.2 L/yr - ₹10 L/yr
Probationary Officer
(6 salaries)
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₹7 L/yr - ₹7.6 L/yr
Branch Head
(6 salaries)
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₹11 L/yr - ₹15.8 L/yr
IT Officer
(5 salaries)
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₹8.5 L/yr - ₹10.2 L/yr
Clerk
(5 salaries)
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₹3.5 L/yr - ₹4.8 L/yr
Officer Scale 1
(5 salaries)
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₹5.1 L/yr - ₹13.5 L/yr
Clerical Staff
(4 salaries)
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₹5 L/yr - ₹6.5 L/yr
Officer Grade 1
(4 salaries)
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₹7.2 L/yr - ₹10 L/yr
IT Manager
(4 salaries)
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₹9 L/yr - ₹20 L/yr
the Nainital Bank News
Halt disinvestment of Govt and LIC’s equity in IDBI to private entities: AIBOA
- The All India Bank Officers' Confederation (AIBOA) has demanded the halt of disinvestment of government and LIC equity in IDBI to private entities.
- AIBOA is also calling for the merger of Nainital Bank with Bank of Baroda, adequate recruitment in all cadres, and the implementation of a 5-day week in the banking industry.
- The demands were part of the notice sent by AIBOA to the Indian Banks' Association and the Chief Labour Commissioner, announcing a two-day nationwide bank strike on March 24 and March 25, 2025.
- AIBOA emphasizes the importance of public sector banks (PSBs) as nation-building instruments, opposing the sale and dilution of stake in various PSBs, and calling for matching recruitments in all cadres and the implementation of a 5-day banking week.
HinduBusinessLine | 9 Mar, 2025
RBI imposes ₹68 lakh penalty on two banks
- RBI has imposed a penalty of ₹61.40 lakh on Nainital Bank Ltd for non-compliance with certain directions.
- RBI has also imposed a penalty of ₹6.70 lakh on Ujjivan Small Finance Bank for non-compliance with certain directions.
- Additionally, RBI has levied a penalty of ₹5.80 lakh on Shriram Finance, a non-banking entity, for non-compliance with certain provisions.
- These penalties are based on deficiencies in regulatory compliance and do not indicate the validity of any transaction or agreement with customers.
HinduBusinessLine | 15 Feb, 2025
RBI Imposes Total Penalty Of Rs 68 Lakh On Nainital Bank, Ujjivan Small Finance Bank
- The Reserve Bank of India (RBI) has imposed a penalty of Rs 61.40 lakh on Nainital Bank for non-compliance with certain directions on 'Interest Rate on Advances' and 'Customer Service in Banks'.
- RBI has also imposed a penalty of Rs 6.70 lakh on Ujjivan Small Finance Bank for non-compliance with certain directions on 'Loans and Advances - Statutory and Other Restrictions'.
- Additionally, RBI levied a penalty of Rs 5.80 lakh on Shriram Finance for non-compliance with certain provisions, including Know Your Customer (KYC) guidelines and directions on 'Data format for furnishing of credit information to credit information companies'.
- The penalties are based on the deficiencies in regulatory compliance and are not intended to pronounce upon the validity of any transaction or agreement.
Bloomberg Quint | 14 Feb, 2025
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the Nainital Bank Perks & Benefits
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the Nainital Bank FAQs
When was the Nainital Bank founded?
the Nainital Bank was founded in 1922. The company has been operating for 103 years.
Where is the the Nainital Bank headquarters located?
the Nainital Bank is headquartered in Nainital.
How many employees does the Nainital Bank have in India?
the Nainital Bank currently has approximately 700+ employees in India.
Does the Nainital Bank have good work-life balance?
the Nainital Bank has a Work-Life Balance Rating of 3.5 out of 5 based on 40+ employee reviews on AmbitionBox. 59% employees rated the Nainital Bank 4 or above, while 41% employees rated it 3 or below on work-life balance. This indicates that the majority of employees feel a generally balanced work-life experience, with some opportunities for improvement based on the feedback. We encourage you to read the Nainital Bank reviews for more details.
Is the Nainital Bank good for career growth?
Career growth at the Nainital Bank is rated as poor, with a promotions and appraisal rating of 2.8. 41% employees rated the Nainital Bank 3 or below on promotions / appraisal. This rating reflects a negative sentiment among employees for career growth. We recommend reading the Nainital Bank reviews for more detailed insights.
What are the pros and cons of working in the Nainital Bank?
Working at the Nainital Bank comes with several advantages and disadvantages. It is highly rated for salary & benefits. However, it is poorly rated for promotions / appraisal, company culture and work satisfaction, based on 40+ employee reviews on AmbitionBox.
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