IIT Bombay, the second in the chain of IITs, was set up in 1958. It was the first IIT to be set up with foreign assistance. The funds came from UNESCO in Roubles from the Soviet Union. In 1961, the Parliament decreed IITs as 'Institutes of National Importance'. Since then, IIT Bombay has grown from strength to strength, to emerge as one of the top technical universities in the world. IIT Bombay has a total of 14 academic departments, six centres, one school, and three interdisciplinary programmes. It is recognised worldwide as a leader in the field of engineering education and research. It is reputed for the quality of its faculty and the outstanding calibre of students graduating from its undergraduate and postgraduate programmes.
Widely known for customer centricity, Canara Bank was founded by Shri Ammembal Subba Rao Pai, a great visionary and philanthropist, in July 1906, at Mangalore, then a small port town in Karnataka. The Bank has gone through the various phases of its growth trajectory over a hundred years of its existence. Growth of Canara Bank was phenomenal, especially after nationalization in the year 1969, attaining the status of a national level player in terms of geographical reach and clientele segments. The Eighties was characterized by business diversification for the Bank. In June 2006, the Bank completed a century of operations in the Indian banking industry. The eventful journey of the Bank has been characterized by several memorable milestones. Today, Canara Bank occupies a premier position in the comity of Indian banks. With an unbroken record of profits since its inception, Canara Bank has several firsts to its credit.
Itz Cash Card Ltd., a pioneer in the prepaid payment sector in India, initiated the concept of prepaid payment solution to the Indian consumer and various business entities heralding the beginning towards enabling a cashless transacting society. ItzCash continues to build on its innovation augmenting its product portfolio, expanding the card distribution network and continuing to provide robust technology driven service delivery platforms. It constantly invests in upgrading technology towards creating world class prepaid payments solutions architecture of the future.
RuPay is the Indian domestic card payment network being set up by National Payments Corporation of India (NPCI) at the behest of banks in India. This project had been conceived by Indian Banks Association and had the approval of Reserve Bank of India. The objectives to be fulfilled are :
