BANK FINANCIAL POSITION IN INDIA

Standard Chartered Bank in India is the largest international banking Group in India. The Combined Balance Sheet (as at March 31, 2001) of SCB India is Rs. 24515.9 cr. and is having a combined customer base of 2.4 million in retail banking and over 1200 corporate customers.

The key businesses of Standard Chartered Bank in India include consumer banking - primarily credit cards, mortgages, personal loans and wealth management - and - wholesale banking, where the Bank specializes in the provision of cash management, trade, finance, treasury and custody services.

Standard Chartered India was the first to issue first global credit card in India, the first to issue Photocard, the first Picture Card and was the first credit card issuer to be awarded the ISO 9002 certification.

Some other product innovations of Standard Chartered Bank in India include the 'Sapnay' credit card, the international debit card that provides free access to over 1500 Visa ATM's, a first in the banking industry, Mileage, an overdraft facility against the security of a car and Smart Credit, a personal line of credit for salaried customers.

The name is derived from Standard & Chartered. Standard Bank of British South Africa merged with Chartered Bank of India, Australia and China in 1969.

Standard Chartered Bank Quick Facts

Combined Balance Sheet : Rs. 24515.9 cr as on March 31, 2001
Customer base : 2.4 million
Corporate customers : Over 1200
The First : In issuing global credit card in India, in issuing photcard and pucture card in India.
Visa ATMs : 1500

Standard Chartered Grindlays Bank

In the onset of new millennium, Standard Chartered Bank purchased the Grindlays Bank from ANZ Group for $1.34 billion and was named Standard Chartered Grindlays Bank and also the acquisition of the Chase Consumer Banking operations in Hong Kong for $ 1.32 billion. Previously, when with ANZ Group, it was known as ANZ Grindlays Bank where ANZ is Australia and New Zealand.

Standard Chartered Credit Cards

Standard Chartered Credit Card can get you going with the privileges within the country. With Standard Chartered Bank Credit Card one is also rewarded with exciting benefits and unique features.

Standard Chartered Credit Cards are of many varieties. Atleast one type of SCB Credit Card out of the entire range can fit to the need of a single person. The varieties of Standard Chartered Credit Cards are as follows:

* Standard Chartered Bank Classic
* Standard Chartered Bank Classic
* Standard Chartered Bank Cricket
* Standard Chartered Bank Diva
* Standard Chartered Bank Executive
* Standard Chartered Bank Executive
* Standard Chartered Bank Gold
* Standard Chartered Bank Gold
* Standard Chartered Bank Sapnay
* Standard Chartered Grindlays Classic
* Standard Chartered Grindlays Gold
* Standard Chartered Grindlays Star TV

Add-on Card is given free with Standard Chartered Bank Credit Card. SCB Credit Card come with the following insurances.

* Air accident Cover
* General Accident Cover
* Add-On Card Cover
* No Cover Baggage Cover
* Credit Shield on death
* No Charge Purchase Protection Cover


In India Standard Chartered Bank has branches in the following cities

* Ahmedabad
* Amritsar
* Bangalore
* Chennai
* Coimbatore
* Delhi
* Ernakulam
* Gurgaon
* Guwahati
* Hyderabad
* Kanpur
* Kolkata
* Mumbai
* Noida
* Pune

Standard Chartered Website
www.standardchartered.com
www.standardchartered.com/in (for India)

Labels: STANDARD CHARTERED BANK

Posted by santhosh at 3:20 AM | Permalink | Comments

State Bank of India (SBI) was nationalised in July 1955 under the SBI Act of 1955. Seven banks of SBI formed subsidiary and was nationalised on 19th July, 1960.

The State Bank of India is India's largest commercial bank and is ranked one of the top five banks worldwide. It serves 90 million customers through a network of 9,000 branches and it offers -- either directly or through subsidiaries -- a wide range of banking services.

Subsidiary of State Bank of India

* State Bank of Bikaner & Jaipur
* State Bank of Hyderabad
* State Bank of Indore
* State Bank of Mysore
* State Bank of Saurastra
* State Bank of Travancore

The services of SBI Bank

* Personal Banking
* Gold Banking
* NRI Banking
* International Banking
* Corporate Banking
* Small Scale Industries
* Small Business Finance
* Rural Banking
* Government Business
* Home Loans

SBI Credit Card

The SBI Credit Card offers a Classic VISA card duly acceptable in India and Nepal. It transfers all the advantages provided by the VISA Card. The present eligibilty for applying for the SBI Credit Card is Rs. 75,000 for salaried and Rs. 60,000 p.a. for businessmen (kindly verify the rate with SBI before applying).

SBI Credit Card is acceptable over 1,05,000 merchants in India and Nepal. The SBI Credit Card is accepted to 117 cashpoint locations in 57 cities from Leh to Port Blair. The daily withdrawl limit is Rs. 10,000.

SBI Credit Card comes with an insurance of Rs. 2 lakhs on road and Rs. 4 lakhs by air.

Worldwide network of SBI Bank

SBI Bank India has 52 Foreign Offices in 34 countries. SBI India serves the international needs of its foreign customers, in addition to conducting retail operations. The focus of the offices of SBI is India-related business. Few of the countries where SBI Bank has branches are as under:

* Australia
* Bahamas
* Bahrain
* Bangladesh
* Belgium
* Bhutan
* Canada
* France
* Germany
* Hong Kong
* Japan
* Maldives
* Mauritious
* Muscat
* Nepal
* Nigeria
* Oman
* Russia
* Singapore
* Sri Lanka
* South Africa
* UK
* USA

SBI Central Office

State Bank of India,
State Bank Bhawan,
8th floor, Madame Cama Road,
Mumbai-400 021,
Telephone No. 22029456 or 22029451,
Fax no. 22885369.

SBI Bank Websites

Global : www.statebankofindia.com
General : www.sbi.co.in
Mutual Fund : www.sbimf.com
Online Banking : www.onlinesbi.com
Capital market : www.sbicaps.com
Card : www.sbicard.com
SBI Commercial & International Bank Ltd. : www.sbici.com

Labels: STATE BANK

Posted by santhosh at 3:16 AM | Permalink | Comments

Headquartered in Calcutta, United Bank of India continues to grow from strength to strength, adding not only to profits but also to Capacities to undertake new business. Total business increased by 19.3% from Rs 31,179 crore to Rs 37,187 crore. The following are some of the major facts of UBI.

* Deposit increased to Rs 25,348 crore registering a growth of 11.4%.

* During the year, the Bank registered an increase of Rs 3,418 crore in Gross advances from Rs 8,421 crore in March 2004 to Rs 11,839 crore in March 205 recording an all time high growth rate of 40.6%.

* Credit-Deposits Ratio (CDR) rose to 46.7% from 37.0% in March 2004.

* Operating profit increased to Rs 690 crore during 2004-05 compared to Rs 613 crore in the previous year.

* Net profit after making provisions was Rs 300 crore.

* The Bank is focusing on lending to agriculture, small scale industries, infrastructure, retail and corporates.

* The Bank met the directives of Government of India for doubling the flow of credit to agriculture and its disbursement to agriculture amounted Rs 1066 crore forming 41.5% over the disbursement made in agriculture in the previous year.

* Priority sector credit increased from Rs 3534 crore to Rs 4557 crore.

* Agricultural credit increased from 1222 crore to Rs 1607 crore.

* SSI credit increased from Rs 511 crore to Rs 820 crore.

* During the year, retail lending increased from Rs 961 crore to Rs 1808 crore forming 15.3 % of total advances.

* The percentage of standard assets increased to 94% in March 2005 compared to 91% in March 2004.

* Net NPA ratio dropped to 2.43% from 3.76% in the previous year.

* During the year the Bank completed 100% computerization of its 1310 branches.

* Bank has successfully participated in the Real Time Gross Settlement (RTGS) system during the year. The facility is now available from 39 branches across the country.

* With a view to enlarge the coverage of potential centers, the bank opened 10 branches. Three branches in metropolitan areas were merged. First branch in the State of Sikkim opened.

* The Bank continued to maintain its safety net by achieving Capital Adequacy Ratio at 18.16% as against the stipulated norm of 9%.

* Staff productivity increased during the year. Business per employee increased to Rs 2.08 crore in March 2005 from Rs 1.69 crore in March 2004.

* Business per branch increased from Rs 23.9 crore to Rs 28.4 crore.

United Bank of India Head Office
United Bank Of India
Street 16, Old Court House Street,
Kolkata City
Kolkata
Zip 700 001
State West Bengal
Country India
Phone 248-7470 Fax 248-0897

United Bank Of India Website
www.unitedbankofindia.com

Labels: UNITED BANK OF INDIA

Posted by santhosh at 3:02 AM | Permalink | Comments

Industrial Development Bank of India (IDBI) is the tength largest bank in the world in terms of development. The National Stock Exchange (NSE), The National Securities Depository Services Ltd. (NSDL), Stock Holding Corporation of India (SHCIL) are some of the institutions which has been built by IDBI. IDBI is a strategic investor in a plethora of institutions which have revolutionized the Indian Financial Markets.

IDBI Bank, promoted by IDBI Group started in November 1995 with a branch at Indore with an equity capital base of Rs. 1000 million.

Main functions of IDBI

IDBI is vested with the responsibility of co-ordinating the working of institutions engaged in financing, promoting and developing industries. It has evolved an appropriate mechanism for this purpose. IDBI also undertakes/supports wide-ranging promotional activities including entrepreneurship development programmes for new entrepreneurs, provision of consultancy services for small and medium enterprises, upgradation of technology and programmes for economic upliftment of the underprivileged.

IDBI's role as a catalyst

IDBI's role as a catalyst to industrial development encompasses a wide spectrum of activities. IDBI can finance all types of industrial concerns covered under the provisions of the IDBI Act. With over three decades of service to the Indian industry, IDBI has grown substantially in terms of size of operations and portfolio.

Developmental Activities of IDBI

Promotional activities

In fulfilment of its developmental role, the Bank continues to perform a wide range of promotional activities relating to developmental programmes for new entrepreneurs, consultancy services for small and medium enterprises and programmes designed for accredited voluntary agencies for the economic upliftment of the underprivileged. These include entrepreneurship development, self-employment and wage employment in the industrial sector for the weaker sections of society through voluntary agencies, support to Science and Technology Entrepreneurs' Parks, Energy Conservation, Common Quality Testing Centres for small industries.

Technical Consultancy Organisations

With a view to making available at a reasonable cost, consultancy and advisory services to entrepreneurs, particularly to new and small entrepreneurs, IDBI, in collaboration with other All-India Financial Institutions, has set up a network of Technical Consultancy Organisations (TCOs) covering the entire country. TCOs offer diversified services to small and medium enterprises in the selection, formulation and appraisal of projects, their implementation and review.

Entrepreneurship Development Institute

Realising that entrepreneurship development is the key to industrial development, IDBI played a prime role in setting up of the Entrepreneurship Development Institute of India for fostering entrepreneurship in the country. It has also established similar institutes in Bihar, Orissa, Madhya Pradesh and Uttar Pradesh. IDBI also extends financial support to various organisations in conducting studies or surveys of relevance to industrial development.

Website of IDBI
www.idbibank.com

Labels: IDBI BANK

Posted by santhosh at 3:01 AM | Permalink | Comments

Oriental Bank of Commerce India was established in the year 1943 on 19th February in Lahore. After partition, Oriental Bank of Commerce shifted its Registered Office from Lahore to Amritsar paying every rupee to its departing customers.

Oriental Bank of Commerce was nationalised on 15th April in 1980. Then OBC bank had 307 branches with Rs. 282.61 crores as deposits and as advance Rs. 152.69.


The National Institute of Bank Management (NIBM), rated OBC Bank as "Customer Friendly" Bank.

Oriental Bank of Commerce Fact File

* Amongst the strongest banks in India
* High Capital Adequacy Ratio
* Consistent Profit-making Bank
* One of the Lowest Spreads in Banking Industry
* Total Working crosses the 35700 crore mark
* CRISIL Ratings
* The Highest Productivity per Employee
* NPA - One of the lowest

OBC India Grameen Project

OBC India is implementing Grameen Projects in places like Dehradun in UP and Hanumangarh in Rajasthan. The Grameen Project of OBC India venture aims to alleviate poverty alongwith to identify the reasons responsible for the future or success.

OBC has formulated the pattern of Bangladesh Grameen Bank with a unique feature of disbursing small loans ranging from Rs. 75 onwards. The Bank is providing

training to rural people in using locally available raw material to produce pickles, jams etc. This inreturn increases self-employment and adds in increasing the income levels.

OBC India is also working upon The Comprehensive Village Development Programme. At present it is covering number of villages in Punjab, Haryana, Rajasthan. Under this programme, Oriental Bank of Commerce is focussing upon comprehensive and integrated package to rurals.

Profitability of OBC

The gross profit OBC Bank stood at Rs. 1533 Crore as against Rs. 1163 Crore last year. After providing for contingencies and more than required provisions against non performing assets, the Bank has earned a handsome net profit of Rs. 686 Crore as against Rs. 457 Crore last year, thereby registering a growth of 50 % mainly on account of reduction in cost of deposits, strict control on expenses, efficient cash management, treasury income and large recoveries in N P A accounts.

Dividend of OBC

The Oriental Bank of Commerce has provided for payment of 30% final dividend to the shareholders in addition to 20% interim dividend already paid during the financial year 2003-04 making total dividend 50%.

Retail Portfolia of OBC

The retail loans of OBC have increased to Rs. 4318 Crores as against Rs. 2779 Crores last year, with a growth of 55.4%. These assets constitute 20.9 % of total loan assets. Oriental Bank of Commerce Housing loans account for 80% of retail portfolio.

OBC Shareholder's Equity

The Net worth of Oriental Bank of Commerce has improved by Rs.567.46 Crore and reached a level of Rs. 2676.79 Crore against Rs. 2109.33 Crore last year.

The OBC Business

The total business of Oriental Bank of Commerce has gone up to Rs. 56286 Crore from Rs. 46333 Crore last year thus registering a growth of 21.5%, due to high growth in deposits as well as advances. The deposit growth of OBC has been to the extent of 19.7 %(previous year 4.63%) while in advances the growth is 25.5 % (previous year 10.7%).

Technology Implementation

Oriental Bank of Commerce of India has implemented Centralized Banking Solution in 21 branches till date. It will give freedom of anywhere and anytime banking to customers. The business captured has resulted in 97% live computerized environment as against 93% last year. More than 350 branches have been networked.

Oriental Bank of Commerce Addresses

Main Pune Office
Dinshaw House,
917 / 918, Synagogue Street, Near Gita Society,
Pune - 411001. Maharashtra. INDIA.
Telephone : 91 020 612 7537, 613 5492
Fax No. : 91 20 613 2083
Email : orientalbank@gnpun.global.net.in

Head Office
Harsha Bhawan,
E- Block, Connaught Place,
New Delhi - 110001
INDIA
Telephone : 91 011 23417121, 23416691
Fax No. : 91 011 25760544
E mail : obc@obcindia.com, obc@id.eth.net

New Delhi Office
Oriental Bank of Commerce
4 - N Block Market,
GRETAER KAILASH, Part - I
New Delhi - 110 048.
Telephone : 011-26281560, 26281561
Fax. : 011-26281559

Mumbai Office
Oriental Bank of Commerce
Corporate Group Finance Branch
181 - A, Maker Tower. 'E', 18th Floor,
Cuffe Parade, MUMBAI - 400005.
Telephone No.: 91 -22 - 22153836, 22154243
Fax : 91 -22-22153533, 22165849

Labels: ORIENTAL BANKOF COMMERCE

Posted by santhosh at 2:58 AM | Permalink | Comments

Punjab National Bank with 4497 offices and the largest nationalised bank is serving its 3.5 crore customers with the following wide variety of banking services:

* Corporate banking
* Personal banking
* Industrial finance
* Agricultural finance
* Financing of trade
* International banking

Punjab National Bank has been ranked 38th amongst top 500 companies by The Economic Times. PNB has earned 9th position among top 50 trusted brands in India.

Punjab National Bank India maintains relationship with more than 200 leading international banks world wide. PNB India has Rupee Drawing Arrangements with 15 exchange companies in UAE and 1 in Singapore.

PNB Online

Punjab National Bank of India is also a member of SWIFT and more than 150 PNB Branches are connected with terminals in Mumbai. It promotes "Any Time, Any Where Banking".

PNB offers Internet Banking services for both to the Corporates and Individuals. It provides 24 hours, 365 days banking from the PC of the user. A user can operate anytime and from anywher its accounts. The following are some of the services available online:

* Access to account
* Complete details of transactions and statement of account
* Online information of deposits, loans overdraft account etc.
* Online Payment Facility for railway reservation through IRCTC Payment Gateway Project
* Online Utility Bill Payment Services which allows Internet Banking account holders to pay their telephone, mobile, electricity, insurance and other bills anytime from anywhere from their desktop.

Punjab National Bank Card user can buy goods and enable services from 45,000 merchant outlet in India and can withdraw cash from over 4500 ATMs with its own 450 ATMs.

Punjab National Bank Branches

Punjab National Bank has its Branches in all the 7 metropolitan and cosmopolitan cities in Inadi namely New Delhi, Mumbai, Calcutta, Chennai, Bangalore, Hyderabad and Ahmedabad. It even has its branches in small town in both urban as well as rural areas.

PNB is always focussing on expanding abroad and till date has identified some emerging economies abroad. They are in few of these places.

* Almaty
* Kazakhktan
* Shanghai
* China
* London
* Kabul
* Afghanistan

Punjab National Bank Housing Loan

Any individual can avail Punjab National Bank Housing Loan for any of the following purpose:

* For construction of house.
* For purchase of house/ flat.
* For purchase of house/ flat from the original allottee, i.e. on First Power of Attorney basis.
* For carrying out repairs/ renovation/ additions/ alterations in the existing house.

Approximately 80% of the cost of project is sanctioned by PNB Housing Finance, subject to a maximum of Rs. 50 lac. In case of carrying out repairs/ renovation/ additions/ alterations in the existing house, the ceiling is Rs. 5 lac. The loan is available for a period of 5 years to 20 years or before the borrowers attain the age of 65.

Interest of Punjab National Bank Home Loan is charged on reducing balance and the amount to be sanctioned depends upon the repaying capability of the borrower.

The following securities are required by the cell of PNB Housing Loan:

* Mortgage of property for which finance is being given.

* In case of purchase of house flat from housing board/ society where mortgage cannot be created immediately, a tripartite agreement shall be executed amongst the housing board/society, borrower and the Bank.

* In case of purchase of house/ flat on first power of attorney, additional security by way of mortgage of some other property or pledge of Bank's Fixed Deposit Receipt/ LIC policy/ Govt. securities has to be provided.

* Suitable third party guarantee acceptable to the Bank which may include guarantee from family members/ other relatives.

PNB Mutual Fund

PNB Mutual Fund services are distributed under the scheme of Principal PNB Asset Management Company from its assigned branches. The varieties of Punjab National Bank Mutual Fund are as under:

* Principal Growth Scheme
* Principal balanced Fund
* Principal Income Fund
* Principal Income Fund - Short Term Debt
* Principal Cash management Fund
* Principal Index Fund
* Principal government Securities Fund

PNB Office Addresses

Head Office
Punjab National Bank
Street 7, Bhikaji Cama Place
New Delhi 110066
India
Tel : 91-11-26102303

For ATM related queries
Punjab National Bank
ATM Card Centre,
5, Sansad Marg
New Delhi - 110001
Tel : 91-11 - 23352019

24 hours toll free PNB Call Centre number
1600 12 2222

Website of Punjab National Bank
www.pnbindia.com

Labels: PUNJAB NATIONAL BANK

Posted by santhosh at 2:57 AM | Permalink | Comments

Since 1906, Corporation Bank in India is dedicated to give vast, varied and versatile services to the nation with a comfort and zeal stealing the common say in the Banking Sector, "The Bank of Pride". Close to hit the mark '100 years at your service', Corporation Bank India has regularly tried to keep a personal touch with customers.

Corporation Bank India is one of the well-run Public Sector Bank in India. The key factor of the success of Corporation Bank India is its young and dynamic manpower which gives service with efficiency and dedication. Even in this era of technology and stiff competition, Corp Bank is rapidly growing confidence among its clients.

Corp Bank came out with its Initial Public Offer (IPO) in October 1997. 37.87% of share Capital is presently held by the Public and Financial Institutions. 57.17% of Share Capital is held by the Government of India. On 31.12.2003, the Net Worth of Corporation Bank was Rs.2,755 crore.

US GAAP

Among the Public Sector Bank, Corporation Bank of India is the first to publish the results under US GAAP. It has been doing it since 1998-99. With this method, the consolidated net profit is registered to be Rs. 415.99 for the year 2002-03.

Human Resource of Corporation Bank in India

10,176 fulltime dedicated employees (as on 31.03.04) is encouraging the Corporation Bank to perform to the best possible and comfortable service provider to customers

It facilitates the following deposit schemes for NRIs:

1. Schemes without repatriation facility
1. NRO deposits
2. Schemes with repatriation facility
1. NRE deposits
2. FCNR(B) deposits
3. RFC deposits(on return)

Type of deposits in [a] and [b]

* Current accounts [not in FCNR (B)]
* Savings Bank accounts [not in FCNR (B)]
* Fixed Deposits
* Cash Certificates
* Money-Flex deposits
* Recurring deposits [not in FCNR (B)]

Awards and Rewards of Corporation Bank India

* Best Bank Award for Excellence in Banking Technology in the financial year 2001-2002.

* Best Award for Innovative use of Banking applications on INFINET in the financial year 2002-03.

* Best Bank Award - Delivery Channels from the Institute for Development and Research in Banking Technology (IDRBT) during the year 2003-2004.

* 'The Asian Banker', Singapore, rated as the Second Strongest Bank in Asia and the Strongest in India.

* The 'Forbes Global', Hongkong, included it in the list of the Best 200 Companies worldover outside the US having turnover under a billion US $.

* Business Today - KPMG survey' rated as the Best Public Sector Bank.

* Bagged the Best Public Sector Bank Award instituted by the personal finance magazine - Outlook Money.

Centenary Year Mission

To achieve a total business of Rs. 70,000 crore comprising Rs. 45,000 Crore Deposits and Rs.25,000 Crore Advances.

Milestone

* Founded in 1906 at the temple town of Udupi (Karnataka).

* Corp Bank became the third bank in the country in 1952 to receive a licence from the RBI as Scheduled Bank.

* The Bank of Citizens was merged with it in the year 1961.

* It was nationalised in April 1980.

Corporation Bank Website
www.corpbank.com

Labels: CORPORATION BANK

Posted by santhosh at 2:55 AM | Permalink | Comments