BOR Full Form in Banking: History, Merger, and Key Facts
Are you searching for the BOR full form for an exam, assignment, or general awareness? Understanding banking acronyms is important for students, especially in competitive exams or interviews. Here, you’ll discover the exact meaning, origin, and practical facts about BOR, with clear explanations to support your learning. Let’s explore how the term BOR shapes Indian banking, using simple language that anyone can follow.
| Acronym | Full Form | Main Role |
|---|---|---|
| BOR | Bank of Rajasthan | Private sector bank in India (merged with ICICI Bank) |
What is BOR Full Form?
The BOR full form is Bank of Rajasthan. BOR stood for a major private sector bank in India, founded in 1943. It provided various banking services to individuals and businesses, especially across Rajasthan. BOR operated independently until it merged with ICICI Bank in 2010.
BOR: Meaning, History, and Significance
BOR stands for Bank of Rajasthan, a well-known name in Indian banking history. Established in Udaipur, it played an essential role in providing financial services, loans, deposit schemes, and branch banking in Rajasthan and nearby areas. Its merger with ICICI Bank marked an important change in the Indian private sector banking landscape.
BOR’s Impact on Indian Banking
Before its merger, the Bank of Rajasthan held a strong presence, with hundreds of branches and a large customer base. It allowed easy access to banking for people in rural and urban Rajasthan, supporting state development, trade, and daily transactions.
Common Usages and Contexts for BOR
Students, professionals, and job seekers frequently encounter BOR as a banking acronym in:
- Competitive exams and quizzes (Banking, SSC, UPSC, State-level)
- Bank interviews and current affairs questions
- Banking/finance textbooks and GK resources
- Historical references to Indian private sector banks
BOR Full Form in Other Domains
While BOR usually refers to Bank of Rajasthan in Indian banking, the acronym also appears in different fields:
- Insurance: BOR can mean “Broker of Record,” a specialist who manages insurance policies.
- Construction/Technical: In construction, BOR may refer to “Bill of Resources.”
- Medical: In medical terms, BOR can signify “Blood Oxygen Ratio.”
Always confirm context to identify if “BOR full form” asks about banking, insurance, or any other field.
Key Facts About Bank of Rajasthan
- Founded in 1943 in Udaipur, Rajasthan
- Expanded to over 450 branches before the merger
- Merged with ICICI Bank in 2010
- Played a major role in rural and semi-urban banking
- BOR IFSC codes no longer active after integration with ICICI
Why is BOR Full Form Important for Students?
Knowing the BOR full form is important for exam success and interviews in banking, finance, and general studies. It often appears in multiple-choice, match-the-following, and current affairs sections of exams like SSC, Banking PO, and state-level GK quizzes. Understanding the history behind Indian banks also prepares you for group discussions and personal interviews. Vedantu resources ensure that you get the most syllabus-relevant and up-to-date definitions.
BOR Merger and What It Means Today
In 2010, all Bank of Rajasthan branches and accounts merged with ICICI Bank. Customers received new account numbers and IFSC codes. Today, the legacy of BOR lives on through ICICI’s services across the region. For financial transactions, students should look up ICICI details, not BOR codes, in current scenarios.
BOR Full Form vs. Other Banking Acronyms
The Indian banking sector is filled with acronyms like HDFC, BOB, IDFC, and others. Understanding these helps in exam preparation, current affairs, and banking awareness. You can also learn more about essential banking terms like IFSC, NEFT, and RTGS directly from Vedantu’s full form resource pages.
Quick Reference: Related Full Forms You Should Know
- IFSC Full Form
- NEFT Full Form
- RTGS Full Form
- BOB Full Form
- IDFC Full Form
- ATM Full Form
- KYC Full Form
Page Summary: What You’ve Learned
This page explained the BOR full form—Bank of Rajasthan—its background, its importance in Indian banking, and how it’s relevant for exams, interviews, and banking awareness. You explored other BOR meanings, learned about the ICICI merger, and found useful links to related banking terms. For more detailed explanations and success-focused resources, Vedantu offers trusted academic support on all full forms and exam topics.
FAQs on What Is the Full Form of BOR (Bank of Rajasthan)?
1. What does BOR stand for in banking?
BOR stands for Bank of Rajasthan. It was a significant private sector bank in India, primarily operating in Rajasthan, before its merger with **ICICI Bank** in 2010. Understanding the BOR full form is crucial for anyone studying Indian banking history or financial acronyms.
2. What is the BOR full form in insurance?
The full form of BOR is typically not used in the insurance sector. In banking, BOR stands for Bank of Rajasthan. The acronym is not commonly associated with insurance terminology.
3. Is Bank of Rajasthan a government or private sector bank?
Bank of Rajasthan (BOR) was a private sector bank. It was acquired by **ICICI Bank** in 2010, ceasing to exist as an independent entity. Therefore, it is no longer relevant to classify it in either sector.
4. When did BOR merge with ICICI Bank?
Bank of Rajasthan (BOR) merged with ICICI Bank in **2010**. This merger significantly impacted the Indian banking landscape and is a notable event in the history of private sector banking in India.
5. How can I find the IFSC code for a BOR branch?
Since Bank of Rajasthan (BOR) no longer exists as an independent entity after merging with **ICICI Bank** in 2010, you cannot find a separate IFSC code for a BOR branch. Any former BOR branches now operate under the **ICICI Bank** network, so you need to search for their **IFSC codes** on the **ICICI Bank** website.
6. What is the BOR full form in Hindi?
The Hindi translation of BOR's full form, Bank of Rajasthan, is राजस्थान बैंक (Rajasthan Bank).
7. What is the meaning of BOR?
BOR primarily means Bank of Rajasthan in the context of Indian banking. It's important to note the context to understand its meaning accurately, as acronyms can have multiple meanings depending on the field.
8. What is the full form of Bor in business?
In the business context, the most likely full form of BOR is Bank of Rajasthan, referring to the former Indian bank. However, it's important to check the context to confirm.
9. What is bor short for?
BOR is short for Bank of Rajasthan, a significant private sector bank in India that merged with **ICICI Bank** in 2010.
10. What is the full name of Bor?
The full name of BOR is Bank of Rajasthan. This bank played a notable role in the Indian banking sector before its merger with **ICICI Bank**.
11. What is BOR in government?
While BOR (Bank of Rajasthan) was a private sector bank, its operations were of course regulated by the Indian government. The acronym itself doesn't directly represent a specific government entity.
12. What is BOR's acquisition year?
Bank of Rajasthan (BOR) was acquired by **ICICI Bank** in **2010**.
