About Smriti Bank
Smriti Bank is a company based in Mandsaur (India) founded in 1999 by Narendra Nahata. It operates as a B2C, and B2B. Smriti Bank offers products and services including Mobile Banking, Deposit Schemes, Loan Schemes, and ATM Services. Smriti Bank operates in a competitive market with competitors including Abhyudaya Co-Operative Bank, Saraswat Co-operative Bank, The Greater Bombay Co-operative Bank, PMC Bank and Shamrao Vithal Co-operative Bank, among others.
- Headquarter Mandsaur, India
- Founders Narendra Nahata
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Smriti Nagrik Sahakari Bank Maryadit
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Annual Revenue
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Net Profit
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Products & Services of Smriti Bank
Smriti Bank offers a comprehensive portfolio of products and services, including Mobile Banking, Deposit Schemes, Loan Schemes, and ATM Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables banking transactions via mobile for convenient access.
Offers various accounts for saving and earning interest.
Provides loans for housing, vehicles, and personal needs.
Facilitates cash withdrawals and transactions at ATMs.
Funding Insights of Smriti Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Smriti Bank
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Smriti Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Smriti Bank Comparisons
Competitors of Smriti Bank
Smriti Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Abhyudaya Co-Operative Bank, Saraswat Co-operative Bank, The Greater Bombay Co-operative Bank, PMC Bank and Shamrao Vithal Co-operative Bank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Functions as a reliable co-operative bank offering essential financial services.
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| domain | founded_year | HQ Location |
Operates as an urban cooperative bank offering financial services to individuals and businesses.
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| domain | founded_year | HQ Location |
Functions as an urban co-operative bank for financial services.
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| domain | founded_year | HQ Location |
Co-operative banking services are provided in Delhi, India.
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| domain | founded_year | HQ Location |
Urban co-operative banking services are provided in Mumbai since 1906.
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| domain | founded_year | HQ Location |
Functions as an urban co-operative bank providing financial services to members.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Smriti Bank
When was Smriti Bank founded?
Smriti Bank was founded in 1999.
Where is Smriti Bank located?
Smriti Bank is headquartered in Mandsaur, India. It is registered at Mandsaur, Madhya Pradesh, India.
What does Smriti Bank do?
Smriti Nagrik Sahakari Bank, established in 1999 in Mandsaur, India, operates as a cooperative bank serving individuals, businesses, and communities. It provides various financial services such as deposit schemes, loan advancements including housing and vehicle loans, and digital options like mobile banking and ATMs. The bank facilitates transactions through NEFTRTGS and offers insurance products, aiming to promote savings and financial inclusion in regions like Malwa.
Who are the top competitors of Smriti Bank?
Smriti Bank's top competitors include Saraswat Co-operative Bank, Cosmos Bank and Abhyudaya Co-Operative Bank.
What products or services does Smriti Bank offer?
Smriti Bank offers Mobile Banking, Deposit Schemes, Loan Schemes, and ATM Services.