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

HSBC Bank is the largest bank in Hong Kong and second largest group in the world after Citicorp. Before moving its headquarter to London in 1990, it was headquartered in Hong Kong. HSBC India is having branches in Ahmedabad, Bangalore, Chennai, Chandigarh, Coimbatore, Gurgaon, Hyderabad, Jaipur, Kochi, Kolkata, Ludhiana, Mumbai, New Delhi, Noida, Pune, Thane, Trivandrum and Visakhapatnam.

HSBC NRI centres are located in Asia-Pacific, the Middle East, Europe and North America. HSBC NRI centres provide full range of personal and private banking products in India and overseas. HSBC Internet banking adds to the services of HSBC India abroad.

HSBC India, along with HSBC Investment product and HSBC Insurance, it offers international Gold Card and Classic Credit Cards from VISA and MasterCard and debit cards from Visa. HSBC in India gives 24 hour banking services, extensive network of ATMs, integrated Call Centre and also HSBC e-banking.

HSBC Bank India Fact File

The HSBC Group develops and applies advanced technology to the efficient and convenient delivery of banking and related financial services. HSBC Bank India provides the following:

* Self-service banking with over 150 in-branch and off-branch ATMs and 24-hour phonebanking.
* Trade and corporate banking services with real-time access to a centralised information database
* Instantaneous inter-city transactions through online connections between all branches

* A state-of-the-art treasury dealing system

* A sophisticated card system supporting debit and credit cards, domestic and international VISA, MasterCard, and co-branded cards

* A dedicated acquiring system for both MasterCard and Visa transactions

* online@hsbc, HSBC internet banking service, provides customers with an integrated and secure platform to access their accounts.

* Internet Payment Gateway handles credit card transactions on the internet

HSBC online

HSBC Internet Banking is available countrywise. Customer can get into HSBC online and can operate their account from anywhere. HSBC online banking is a real time banking. The following are websites of HSBC Bank in some of the major countries.

Global : www.hsbc.com
UK : www.hsbc.co.uk
Canada : www.hsbc.ca
Australia : www.hsbc.com.au
Hong Kong : www.hsbc.com.hk
India : www.hsbc.co.in

Labels: HSBC BANK

Posted by santhosh at 2:54 AM | Permalink | Comments

ICICI Limited, was established in 1955 by the World Bank, the Government of India and the Indian Industry, for the promotion of industrial development in India by giving project and corporate finance to the industries in India.

ICICI Bank has grown from a development bank to a financial conglomerate and has become one of the largest public financial institutions in India. ICICI Bank has financed all the major sectors of the economy, covering 6,848 companies and 16,851 projects. As of March 31, 2000, ICICI had disbursed a total of Rs. 1,13,070 crores, since inception.

ICICI Bank Fact Files

Total assets : Rs.146,214 crore (December 31, 2004)
Network : 530 branches
ATMs : Over 1,880
Abaroad Subsidiaries : United Kingdom and Canada
Abroad branches : Singapore and Bahrain
Representative offices : United States, China, United Arab Emirates, Bangladesh and South Africa.

* You need to send any two items from No. 3 to 6 in addition to a copy of your passport and Visa countersigned by you.
*In case you are unable to comply with above category, you should, in the alternative, send a photocopy of the passport countersigned by an official of Indian Consulate,High commission, embassy abroad or your banker abroad. For Joint Accounts, the above documents are required by all account holders.

Note: The Local P O Box is a service offered directly by ICICI Bank India, and the USA Representative Office would not be involved in this service.

Bahrain Branch
ICICI Bank Ltd.
Manama Centre
Manama
Kingdom of Bahrain
Tel: + 973 17 576 161
Fax: + 973 17 221 200

Bangladesh Representative Office
ICICI Bank Ltd.
Suite 11-01, Level 11
Unique Trade Centre, 8 Panthapath
Kawran Bazar, Police Station
Tejgaon, Dhaka
Bangladesh
Tel: + 88 02 912 4985

Canada Subsidiary
ICICI Bank Canada
Exchange Tower,
130 King Street West, Suite 2130
Toronto ON M5X 1B1
Canada
Tel: + 1 416 360 0909
Fax: + 1 647 436 1178

China Representative Office
ICICI Bank Ltd.
2805-2806,Bank of China Towers
200 Yincheng(M) Road
Pudong
Shanghai 200 120
P.R. China
Tel: + 86 21 5888 2413
Fax: + 86 21 5888 2347

Dubai Representative Office
ICICI Bank Ltd.
Suite No. 404, The Business Centre Building
Khalid Bin Al Waleed Street
Near Burjuman
Dubai U.A.E.
Tel: + 971 4 396 5333
Fax: + 971 4 396 6994

Singapore Offshore Branch
ICICI Bank Ltd.
9 Raffles Place
# 50-01 Republic Plaza
Singapore- 048619
Tel: + 65 6723 9288
Fax: + 65 6723 9268

South Africa Branch
ICICI Bank Limited
Nelson Mandela Square
2nd Floor, West Tower
Maude Street, Sandown
PO Box No. 785553
Sandton 2146
Johannesburg
Tel: + 27 11 8815922 / 24
Fax: + 27 11 8815611

UK Subsidiary
ICICI Bank UK Ltd.
21 Knightsbridge
London SW1X 7LY
U.K.
Tel: + 44 207 201 1000
Fax: + 44 207 201 1046 / 1048

USA Representative Office*
ICICI Bank Ltd.
500 Fifth Avenue, Suite 2830
New York NY 10110
U.S.A.
Toll Free No.: 1 866 ICICI 4U

*Please Note: USA Representative office does not offer NRI services.This office will not accept documents pertaining to NRI Banking Services in India offered by ICICI Bank. For couriering documents related to such services, please use the following address.

NRI Services Center
ICICI Bank Ltd., INDIA
C/O G3 Worldwide
BLR/ FRG/ 24390/002
P.O. Box 9018
Jericho NY 11753-8918

ICICI Prudential Life Insurance Company

Incorporation : July 20, 2000
Authorized capital : Rs 2300 million
Paid up capital : 1900 million
Joint venture : Prudential plc UK (26%)

The Prudential ICICI is now operational in Mumbai, New Delhi, Pune, Chennai, Kolkata, Bangalore, Chandigarh, Ahmedabad, Hyderabad and Lucknow. The Delhi and Mumbai contact address are given below:

Delhi Office :
ICICI Prudential Life Insurance Company
Videocon Towers
3rd Floor
Jhandewala Extension
Rani Jhansi Road
New Delhi 110055
Phone : +91-011-368 3694/ 368 3695

ICICI Bank Head Office :
ICICI Bank
9th Floor, South Towers
ICICI Towers
Bandra Kurla Complex
Bandra (E)
Mumbai
Phone : +91-022-653 7914
E-Mail: wecoveru@icici.com ; lifeline@icici.com

Prudential ICICI website
http://www.iciciprulife.com/* You need to send any two items from No. 3 to 6 in addition to a copy of your passport and Visa countersigned by you.
*In case you are unable to comply with above category, you should, in the alternative, send a photocopy of the passport countersigned by an official of Indian Consulate,High commission, embassy abroad or your banker abroad. For Joint Accounts, the above documents are required by all account holders.

Note: The Local P O Box is a service offered directly by ICICI Bank India, and the USA Representative Office would not be involved in this service.

Bahrain Branch
ICICI Bank Ltd.
Manama Centre
Manama
Kingdom of Bahrain
Tel: + 973 17 576 161
Fax: + 973 17 221 200

Bangladesh Representative Office
ICICI Bank Ltd.
Suite 11-01, Level 11
Unique Trade Centre, 8 Panthapath
Kawran Bazar, Police Station
Tejgaon, Dhaka
Bangladesh
Tel: + 88 02 912 4985

Canada Subsidiary
ICICI Bank Canada
Exchange Tower,
130 King Street West, Suite 2130
Toronto ON M5X 1B1
Canada
Tel: + 1 416 360 0909
Fax: + 1 647 436 1178

China Representative Office
ICICI Bank Ltd.
2805-2806,Bank of China Towers
200 Yincheng(M) Road
Pudong
Shanghai 200 120
P.R. China
Tel: + 86 21 5888 2413
Fax: + 86 21 5888 2347

Dubai Representative Office
ICICI Bank Ltd.
Suite No. 404, The Business Centre Building
Khalid Bin Al Waleed Street
Near Burjuman
Dubai U.A.E.
Tel: + 971 4 396 5333
Fax: + 971 4 396 6994

Singapore Offshore Branch
ICICI Bank Ltd.
9 Raffles Place
# 50-01 Republic Plaza
Singapore- 048619
Tel: + 65 6723 9288
Fax: + 65 6723 9268

South Africa Branch
ICICI Bank Limited
Nelson Mandela Square
2nd Floor, West Tower
Maude Street, Sandown
PO Box No. 785553
Sandton 2146
Johannesburg
Tel: + 27 11 8815922 / 24
Fax: + 27 11 8815611

UK Subsidiary
ICICI Bank UK Ltd.
21 Knightsbridge
London SW1X 7LY
U.K.
Tel: + 44 207 201 1000
Fax: + 44 207 201 1046 / 1048

USA Representative Office*
ICICI Bank Ltd.
500 Fifth Avenue, Suite 2830
New York NY 10110
U.S.A.
Toll Free No.: 1 866 ICICI 4U

*Please Note: USA Representative office does not offer NRI services.This office will not accept documents pertaining to NRI Banking Services in India offered by ICICI Bank. For couriering documents related to such services, please use the following address.

NRI Services Center
ICICI Bank Ltd., INDIA
C/O G3 Worldwide
BLR/ FRG/ 24390/002
P.O. Box 9018
Jericho NY 11753-8918

ICICI Prudential Life Insurance Company

Incorporation : July 20, 2000
Authorized capital : Rs 2300 million
Paid up capital : 1900 million
Joint venture : Prudential plc UK (26%)

The Prudential ICICI is now operational in Mumbai, New Delhi, Pune, Chennai, Kolkata, Bangalore, Chandigarh, Ahmedabad, Hyderabad and Lucknow. The Delhi and Mumbai contact address are given below:

Delhi Office :
ICICI Prudential Life Insurance Company
Videocon Towers
3rd Floor
Jhandewala Extension
Rani Jhansi Road
New Delhi 110055
Phone : +91-011-368 3694/ 368 3695

ICICI Bank Head Office :
ICICI Bank
9th Floor, South Towers
ICICI Towers
Bandra Kurla Complex
Bandra (E)
Mumbai
Phone : +91-022-653 7914
E-Mail: wecoveru@icici.com ; lifeline@icici.com

Prudential ICICI website
http://www.iciciprulife.com/

Labels: ICICI BANK

Posted by santhosh at 2:51 AM | Permalink | Comments

HDFC 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 from Housing Development Finance Corporation Limited (HDFC), in 1994 during the period of liberalisation of the banking sector in India. HDFC India was incorporated in August 1994 in the name of 'HDFC Bank Limited'. HDFC India commenced operations as a Scheduled Commercial Bank in January 1995.

HDFC India deals in varieties of products like home loan, standard life insurance, mutual fund, securities, credit cards, etc. HDFC has branch offices in all major cities in India like Calcutta, Chennai, Delhi, Bangalore, Hyderabad, Ahmedabad apart from HDFC Mumbai.

Headquarter HDFC Bank India :
'Trade Star', 2nd floor, 'A' Wing,
Junction of Kondivita and M.V. Road,
Andheri-Kurla Road,
Andheri (East), Mumbai - 400 059.
Tel: (Board) 2822 0055 / 55516666 (Fax) : 2822 9998 / 2822 2414

Network : More than 468 branches over 212 cities across the country

ATMs : The ATMs of HDFC India can be accessed by all domestic and international Visa/Master Card, Visa Electron/Maestro, Plus/Cirrus and American Express Credit/Charge cardholders.

Authorised capital : Rs. 450 crore

Paid-up capital : Rs. 282 crore

Equity : Holds 24.2%

Listing : HDFC India has been listed on the Stock Exchange, Mumbai and the National Stock Exchange. The bank's American Depository Shares are listed on the New York Stock Exchange (NYSE) under the symbol "HDB".

HDFC Product Range

HDFC Bank India provides the following range of products:

* Savings Account
* HDFC Bank Preferred
* Sweep-In Account
* Super Saver Account
* HDFC Bank Plus
* Demat Account
* HDFC Mutual Fund
* HDFC Standard Life Insurance

HDFC India innovative services

* HDFC Phone Banking
* HDFC ATM
* HDFC Inter-city/Inter-branch Banking
* HDFC Net Banking
* HDFC International Debit Card
* HDFC Mobile Banking
* HDFC Bill Pay

HDFC Bank Loans

* HDFC Personal Loan
* HDFC New Car Loan and Used Car Loan
* HDFC Loan Against Shares
* HDFC Two Wheeler & Consumer Loan
* HDFC Home Loan

Labels: HDFC BANK

Posted by santhosh at 2:50 AM | Permalink | Comments

CCitibank India is since 1902. Citibank India was the first bank to lend actively to individuals. Citibank is the largest Consumer Finance lender in the world. Citibank India follows the following principles while dealing to its customers:

* Truth in Lending
* Superior Products and Services
* Quick and Transparent Credit Decisions
* Lending is not a transaction, but a relationship
* Custodian of Public Funds

Citibank online banking

With citibank online banking one can enjoy the following services from anywhere in the world. For citibank online banking one has to log on to www.citibank.co.in

* Redeem your rewards points
* Pay Bills Online
* Send Demand Draft anywhere in India
* Get statements by e-mail
* Register for Instant alerts
* Mobile Banking
* Citibank online Security Tips

Citibank Suvidah

With the Citibank Suvidah Account, one can get the following benefits:

* Shop n' win Rewards
* Secure your child's future
* nstant cash upto thrice your salary
* Get rewarded for your account

Citibank Suvidha Account Holders holds over 150,000 highly tech-savvy Account Holders from Bangalore, Mumbai and Delhi alone.

Citibank Cards

Citibank cards are available in a range of flexible and personalized credit and charge that can be managed online. Undermentioned are few types of Citibank Credit Cards in India.

* MTV Citibank Card
* IndianOil Citibank Card
* Citibank Silver International Card
* CRY Card
* WWF Card
* Times Card
* Citibank Cricket Visa Card

Citibank Direct

The Citibank Direct Current Account pays 4.59% AER (4.50% gross). The Citibank Direct is one of the best rates on the market, with no strings attached. No minimum deposit is required for Citibank Direct and no need to pay in ones salary. A minimum annual income of £15,000 is required to open Citibank Direct Account. A chequebook and automatic overdraft facility are not available in Citibank Direct. Moreover Citibank Direct Account is easy to manage.

Citibank NRI

Citibank NRI holds over 160,000 Citibank NRI Account. Citibank NRI Account Holders, holds a minimum balance of Rs. 10 lakhs. Citibank NRI is voted as the most preferred bank of the NRIs.

Citibank South Asia

Singapore Office:

Hock Kern Chua, Country Sales Manager
PROGRESS SOFTWARE CORP (S) PTE. LTD.
No. 1 International Business Park
#03-11 The Synergy
Singapore 609917

Tel: 65 563 1500

Labels: CITI BANK

Posted by santhosh at 2:49 AM | Permalink | Comments

Canara Bank in India has a history of nine decades and is the largest public sector banks in India. Canara Bank India has a deposit advance base of Rs.640 bn and Rs 332 bn (figure in the year 2002).

Canara Bank of India has a total of 47,843 employees and is spread with 2409 branches throughout the country. Canara Bank India has an exposure to petroleum, engineering, infrastructure, factoring, investment management, venture capital, home finance and securities.

Canara Bank entered Forex arena in 1953 with the opening of its first Foreign Exchange Department in Mumbai. The Bank has 5 forex dealing rooms located in Mumbai, New Delhi, Calcutta, Chennai and Bangalore in India and one in London branch. Canbank provides a wide range of services and products like sale and purchase of 7 world currencies, swap currency and forward bookings.

Canara Bank Loan

Canara Bank provides provides loans to almost every section of the society.
Some of the loans are mentioned as under:

* Agriculture & Rural Credit
* Kisan Credit
* Loans for AgriClinic
* Minor Irrigation Loans
* Farm Machinery Loans
* Farm Development Loans
* Vehicle Loan for Agriculturists
* Loan for Plantation Crops
* Loan for Marine Fisheries
* Loan for Inland Fisheries
* Loan for Sericulture
* Loan for Purchasing Agricultural Land
* Loan for Poultry
* Export Credit for Agro Products
* Other Agricultural Loans
* Loans to SSIs
* Charter for SSIs

Canara Bank for Women

The Centre for Entrepreneurship Development for Women was established by Canara Bank in India at the Bank's Corporate Office, Bangalore during the year 1988 with an objective of assisting the potential women entrepreneurs to select income generating activities and starting ventures of their own.

Subsequently 9 such CEDs were opened and are functioning at Circle Offices situated at various State Capitals. The CED at corporate office brings out a newsletter VIKAS every bi-monthly.

Mahila Banking branch:

An exclusive branch for women and Mahila banking division - an exclusive division for women within a branch opened, which is the 1st of kind in the banking industry.

Details are enlisted below:

* Mahila Banking Branch, Jayanagar , Bangalore, Karnataka
* Mahila Banking Division, Mandipet Branch, Davangere, Karnataka
* Mahila Banking Division, M G Road Branch, Agra, UP
* Mahila Banking Division, N V Street Branch, Madurai, Tamilnadu
* Mahila Banking Division, West Palace Road, Thrissur, Kerala
* Mahila Banking Division, West Hill, Kozhikode, Kerala
* Mahila Banking Division, Shimoga Main Branch, Karnataka

These specialised branch and divisions offer all banking services to women.

Objectives:

* To identify, select and train women Entrepreneurs.
* To conduct EDPs and Skill development programmes (EDPs) for different target groups.
* To assist potential Women Entrepreneurs to start/establish/run an Enterprise professionally.
* To guide existing entrepreneurs to improve the working and modernisation of an existing unit.
* To co-ordinate with Government/Voluntary organisations engaged in promoting entrepreneurship among women.
* To offer counselling services to the Entrepreneurs existing as well as new.
* To assist in the formation of self-help groups.

Canara Bank Shares

Canara Bank Shares are listed at Bangalore, Mumbai and National Stock exchanges.

The Bank has appointed the under mentioned as its share transfer agent to whom communications regarding change of address, change in Bank Mandate, transfer of shares , Mandate for ECS etc. should be addressed.

M/s. Karvy consultants ltd
46, Avenue 4
Street No.1
Banjara Hills
Hyderabad- 500 034

Interms of SEBI guidelines, the Registrar and Transfer agent of the Bank is extending the facility of simultaneous transfer -cum dematerialisation of shares to the investors. On transfer of shares in the name of the transferee , they are being apprised to submit letters to their depository participants for dematerialisation of shares. On receipt of Demat request forms, the shares are dematerialised and confirmation through electronic mode is sent. If the demat request number is not received within a period of 30 days, the duly transfered share certificate is despatched to the transferee.

Labels: CANARA BANK

Posted by santhosh at 2:47 AM | Permalink | Comments

Central Bank
Central Bank of India (CBI) was established in 1911. This was the first Indian commercial bank to be wholly owned and managed by Indians. The establishment of the Central Bank of India was the ultimate realisation of the dream of Sir Sorabji Pochkhanawala, founder of the Bank. Sir Pherozesha Mehta was the first Chairman of a truly 'Swadeshi Bank'.

The following are some of the facts of Central Bank of India.

* 1921: CBI Introduction to the Home Savings Safe Deposit Scheme to build saving/thrift habits in all sections of the society.

* 1924: An Exclusive Ladies Department to cater to the Bank's women clientele.

* 1926: Safe Deposit Locker facility and Rupee Travellers' Cheques.

* 1929: Setting up of the Executor and Trustee Department.

* 1932: Deposit Insurance Benefit Scheme.

* 1962: Recurring Deposit Scheme.

* 1976: The Merchant Banking Cell was established.

* 1980: Centralcard, the credit card of the Bank was introduced.

* 1986: 'Plantinum Jubilee Money Back Deposit Scheme' was launched.

* 1989: The housing subsidiary Cent Bank Home Finance Ltd. was started with its headquarters at Bhopal in Madhya Pradesh.

* 1994: Quick Cheque Collection Service (QCC) & Express Service was set up to enable speedy collection of outstation cheques.

Among the Public Sector Banks, Central Bank of India can be truly described as an All India Bank, due to distribution of its large network in 27 out of 28 States as also in 4 out of 7 Union Territories in India. Central Bank of India holds a very prominent place among the Public Sector Banks on account of its network of 3146 branches and 275 extension counters at various centres throughout the length and breadth of the country.

In view of its large network of branches as also number of savings and other innovative services offered, the total customer base of the Bank at over 25 million account holders is one of the largest in the banking industry.

Central Bank International Banking

The International Banking division of Central Bank of India offers special benefits to non-resident Indians.
To become a Central Bank of India account holder, all you need to do is to open a Non-Resident (External) Account in Indian Rupees or a Foreign Currency Non-Resident Account (FCNR) in Pound Sterling, U.S. Dollar, Deutsche Mark or Japanese Yen.

Choose your place of transaction from over 3110 branches across 27 Indian states. This offer is only applicable to Indian nationals or those of Indian origin residing abroad, overseas companies, partnership firms, societies and other corporate bodies, which are owned to the extent of atleast 60% by non-residents of Indian nationality/origin and overseas trusts in which atleast 60% of the beneficial interest is irrevocably held by such persons.

Either joint holders or a member of the family who has been granted the power of attorney or a letter of authority are entitled for transaction of such accounts, provided they make withdrawals for local payments only. The resident power of attorney holder will not be allowed to repatriate funds held in the accounts outside India and make gift payments.

The advantages of this service:

* No tax will be charged by the Indian Income Tax department on interest earned on such accounts.

* No wealth-tax applies for these deposits.

* No complication for repatriation in case of NRE and FCNR accounts and no enquiries about source of money. You can get your money back any time you want it. It will be repatriated in time, in the currency in which the deposit account is maintained, to your country of residence or in foreign exchange at the rate of exchange prevailing on the day of remittance to any other country or external account group without an approval from the Reserve Bank of India (RBI).

* Any amount may be withdrawn for local disbursement. However, once withdrawn, it cannot be recredited to Indian rupees to the account without RBI's approval.

* You can also invest your valuable deposits on a repatriable basis and on non-repatriable basis in shares, debentures, National Savings Certificates and other government securities. You can also invest in residential property and Central Bank will provide you the services through HDFC and LIC.

Central Bank of India Public Grievances Cell

Dy.General Manager(Operations)
NCL Building,
5th floor, Operations Department
Bandra Kurla Complex,
Bandra(East)Mumbai - 400 051
Telephone : 022 -26590395
Fax : 022 - 26590207
E mail: oprndept@mtnl.net.in

Central Bank of India Website
www.centralbankofindia.co.in

Labels: CENTRAL BANK

Posted by santhosh at 2:46 AM | Permalink | Comments

Indian Overseas Bank (IOB) is a one of the major bank based in Chennai, with over 1,400 domestic branches and 6 branches abroad.

India Overseas Bank was established in 1937 to encourage overseas banking and foreign exchange operations. The Indian Overseas Bank started simultaneously with three branches. They are:

* Indian Overseas Bank Chennai
* Indian Overseas Bank Rangoon
* Indian Overseas Bank Singapore

From the begining Indian Overseas Bank served Chettinad, Ceylon (Sri Lanka), Burma (Myanmar), Malaya, Singapore, Java, Sumatra and Saigon.

In 1960 Indian Overseas Bank absorved five weaker private sector banks including Kulitali Bank.

In the year 2000 India Overseas Bank India engaged in IPO which brought the government's share in the bank's equity down to 75%.

IOB International expansion

* 1937-38: As mentioned above, IOB was international from its inception with branches Indian Overseas Bank Rangoon, Indian Overseas Bank Penang, and Indian Overseas Bank Singapore.

* 1941: IOB opened a branch in Malaya that presumably closed almost immediately because of the war.
* 1946: IOB opened a branch in Ceylon.

* 1947: IOB opened a branch in Bangkok and re-opened others.

* 1948: United Commercial Bank (see below) opened a branch in Malaya.

* 1949: IOB opened a branch in Bangkok.

* 1963: The Burmese government nationalized IOB's branch in Rangoon.

* 1973: IOB, Indian Bank and United Commercial Bank established United Asian Bank Berhad. (Indian Bank had been operating in Malaysia since 1941 and United Commercial Bank Limited had been operating there since 1948.) The banks set up United Asian to comply with the Banking Law in Malaysia, which prohibited foreign government banks from operating in the country. Also, IOB and six Indian private banks established Bharat Overseas Bank as a Chennai-based private bank to take over IOB's Bangkok branch. The Baharat Overseas Bank is the only private bank that the Reserve Bank of India has permitted to have a branch outside India. The ownership was: Indian Overseas Bank (30%), Bank of Rajasthan (16%), Vysya Bank (14.66%), Federal Bank (19.67%), Karur Vysya Bank (10%), South Indian Bank (10%) and Karnataka Bank (8.67%). Bharat Overseas serves the Indian ethnic community in Thailand.

* 1977: IOB opened a branch in Seoul.

* 1991: Bank of Commerce (BCB), a Malaysian bank, acquired United Asian Bank (UAB). In 1999 BCB merged with Bank Bumiputra Malaysia to form Bumiputra-Commerce Bank Berhad.

Indian Overseas Bank Credit Card

Indian Overseas Bank has a credit card with the name CANCARD-VISA. This card is valid for use in India and Nepal only. Indian Overseas Bank Credit Card is acceptable in more than 1 lakh member establishments for purchase of goods and services.

For any queries regarding Indian Overseas Bank Credit Card, one can contact the undermentioned address.

The Deputy Chief Officer
Indian Overseas Bank Credit Card Division
Central Office
763, Anna Salai,
CHENNAI 600 002
Phone Nos. (044) 28519574/ 28519573 / 28519575
Indian Overseas Bank email: crcard@iobnet.co.in

Indian Overseas Bank Equity Shareholders

Indian Overseas Bank has been constituted as a Corresponding New Bank under the Banking Companies (Acquisition and Transfer of Undertakings) Act 1970.

The Bank had offered for subscription 11,12,00,000 shares of Rs. 10 each for cash at par aggregating Rs. 111.20 crores (including reservation of 1,11,20,000 equity shares of Rs. 10 each for cash at par to regular/permanent employees and working Director, aggregating Rs. 11,12,00,000).

The issue which opened on September 25, 2000, closed before October 5, 2000. The equity shares of the Bank are listed in The Madras Stock Exchange (Regional), The Stock Exchange, Mumbai and National Stock Exchange of India Ltd., Mumbai.

For any queries regarding shares, the following address is to be contacted.

Deputy General Manager
Investors Relation Cell,
Accounts Department,
Central Office,
763, Anna Salai,
Chennai - 600 002
Tel no: 0091-44-851 9438
0091-44-851 5702
E-mail: iobfunds@md4.vsnl.net.in

Labels: OVERSEAS BANK

Posted by santhosh at 2:44 AM | Permalink | Comments

Bank of India, founded on 7th September in the year 1906 was nationalised along with 13 other banks in July 1969. Then its paid-up capital was Rs.50 lakh with only 50 employees and the only office in Mumbai.

Today Bank of India has been spread with 2594 branches including 93 specialised branches controlled by 48 Zonal Offices.

Bank of India came up with its maiden public issue in the year 1997 and the total number of shareholders stands to 3,17,890 as on 30/06/2004.

Bank of India was the first fully computerised branch among the nationalised banks with ATM facility at the Mahalaxmi Branch, Mumbai is the year 1989.

It is an association that has blossomed into a joint venture with BSE, called the BOI Shareholding Ltd. to extend depository services to the stock broking community.

Bank of India abroad

Bank of India was the first Bank in India to open branch office outside the country, at London, in 1946, and even it is the first to open a branch office in Europe, Paris in 1974.

The Bank has sizable presence abroad, with a network of 21 branches (including three representative office ) at key banking and financial centres viz.

* London
* New York
* Paris
* Tokyo
* Hong-Kong
* Singapore

Labels: BANK OF INDIA

Posted by santhosh at 2:41 AM | Permalink | Comments

Andhra Bank was founded by Dr.Bhogaraju Pattabhi Sitaramayya. The Bank was registered on 20th November 1923 and commenced business on 28th November 1923 with a paid up capital of Rs 1.00 lakh and an authorised capital of Rs 10.00 lakhs.

Andhra Bank total business as on 31.03.2005 stood at Rs.45,461 Crores and the Bank is rendering services through 1,672 Business Delivery Channels, consisting of 1,168 Branches, 136 Extension Counters, 330 ATMs and 38 Satellite Branches, spread over 21 States and 2 Union Territories as at the end of March, 2005.

The Bank has entered into ATM sharing arrangements with IDBI, UTI Bank, SBI, Indian Bank, HDFC Bank, thus offering over 9,000 ATMs spread across the country for use by Customers. Instant Funds Transfer Facility is provided through 566 Branches.

Andhra Bank Services

Andhra Bank India provides a number of good services to both domestic customers as well as NRIs. In India it supports Small Scale Industries as well as big business with its attractive and easily available loan schemes. The following are few of the services at a glance:

Personal Baning

* Savings account
* Current account
* Term deposits
* Loans

Corporate Banking

* Small Scale Industries
* Loans against Shares and Securities

International Business Services

* Assistance to Exporters in India
* Assistance to Importers in India
* Services to International Tourists
* Student Services
* Services to Businessmen
* Services for Medical Treatment Abroad

NRI Services

* FCNR(B)
* NRE
* ONR
* Loans to NRIs
* Transfer of funds to and out of India
* Travelling NRIs
* Currency Exchange
* Baggage Rules

Andhra Bank Credit Card

The first international credit card was issued to a restricted number of customers by Andhra Bank in 1987 through the Visa program, after getting special permission from the Reserve Bank of India.

Andhra Bank has also launched Co-Branded card with ICFAI University. This Andhra Bank Credit Card helps the student in the following ways:

* Register Online for the examinations and download the admit card immediately there by avoiding the anxiety of waiting for up linking of admit card on the website from Hyderabad.

* Timely payment of Annual Service charges and have uninterrupted services.

* Avoid going to the Bank each time to get a demand draft for making any payment to ICFAI.

* Avoid the bank charges for making the demand draft.

* Get interest free credit period of a maximum of 45 days.

Andhra Bank Loans

Like all other Indian and Foreign Banks, Andhra Bank also has a package of loans to suit every individual in the country with a competitive interest rates. The following are the five loans which Andhra Bank provides:

* Housing Loans
* Educational Loans
* Automobile Loans
* Consumer Loans
* Contingency Loans

Andhra Bank Head Office

Andhra Bank
JC Road,
Bangalore - 560002.

Phone: +91-80-248 8856.

Andhra Bank Website
www.andhrabank-india.com

Labels: ANDHRA BANK

Posted by santhosh at 2:36 AM | Permalink | Comments