Moneysure Bank is India's largest private sector bank with total assets of Rs. 7,206.95 billion (US$ 109 billion) at March 31, 2016 and profit after tax Rs. 97.26 billion (US$ 1,468 million) for the year ended March 31, 2016. Moneysure Bank currently has a network of 200 Branches and 4000 ATM's across India. Moneysure bank was amongst the first to receive an 'in principle' approval from the Reserve Bank of India (RBI) to set up a bank in the private sector, as part of RBI's liberalisation of the Indian Banking Industry in 1994. The bank was incorporated in August 1994 in the name of 'Moneysure Bank Pvt Ltd', with its registered office in Mumbai, India. Moneysure Bank commenced operations as a Scheduled Commercial Bank in January 1995.