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the Nainital Bank
3.3
based on 46 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
3.3/5
based on 46 reviews
Critically rated for
Company culture, Promotions, Work satisfaction
Work Policy
Alternate Saturday off
56% employees reported
Strict timing
79% employees reported
No travel
44% 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 46 reviews
Overall Rating
3.3/5
How AmbitionBox ratings work?
5
12
4
15
3
7
2
2
1
10
Category Ratings
3.6
Salary
3.2
Job security
3.2
Work-life balance
2.9
Skill development
2.8
Work satisfaction
2.7
Promotions
2.6
Company culture
the Nainital Bank is rated 3.3 out of 5 stars on AmbitionBox, based on 46 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 | 3.3/5 based on 46 reviews | 3.6/5 based on 1k reviews | 4.0/5 based on 193 reviews | 3.4/5 based on 463 reviews |
Highly Rated for | No highly rated category | No highly rated category | Job security Skill development Salary | Salary Job security |
Critically Rated for | Company culture Promotions Work satisfaction | Promotions Work satisfaction Work-life balance | No critically rated category | Work satisfaction Company culture Promotions |
Primary Work Policy | - | Work from office 95% employees reported | Work from office 90% employees reported | Work from office 92% employees reported |
Rating by Women Employees | 2.1 Poor rated by 6 women | 3.4 Average rated by 153 women | 4.1 Good rated by 35 women | 3.2 Average rated by 114 women |
Rating by Men Employees | 3.6 Good rated by 36 men | 3.6 Good rated by 837 men | 3.9 Good rated by 147 men | 3.5 Good rated by 310 men |
Job security | 3.2 Average | 3.5 Good | 4.1 Good | 3.8 Good |
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the Nainital Bank Salaries
the Nainital Bank salaries have received with an average score of 3.6 out of 5 by 46 employees.
Branch Manager
(19 salaries)
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₹7.5 L/yr - ₹14 L/yr
Credit Officer
(8 salaries)
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₹5.6 L/yr - ₹7.5 L/yr
Probationary Officer
(7 salaries)
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₹7 L/yr - ₹7.6 L/yr
Branch Head
(7 salaries)
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₹11 L/yr - ₹16 L/yr
Clerk
(6 salaries)
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₹3.5 L/yr - ₹5 L/yr
Credit Manager
(5 salaries)
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₹9 L/yr - ₹11 L/yr
IT Officer
(5 salaries)
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₹8.5 L/yr - ₹10.2 L/yr
Officer Scale 1
(5 salaries)
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₹5.1 L/yr - ₹15 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
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 3.2 out of 5 based on 40+ employee reviews on AmbitionBox. 41% employees rated the Nainital Bank 3 or below, while 59% employees rated it 4 or above for work-life balance. This rating suggests that while some employees recognize efforts towards work-life balance, there is scope for improvement based on employee feedback. We encourage you to read the Nainital Bank work-life balance 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 2.7. 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 cons of working in the Nainital Bank?
Working at the Nainital Bank does have some drawbacks that potential employees should consider. The company is poorly rated for company culture, promotions / appraisal and work satisfaction, based on 40+ employee reviews on AmbitionBox.
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