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United Arab Emirates Banks





ABN AMRO Bank UAE The network bank in the United Arab Emirates.
Abu Dhabi Commercial Bank Abu Dhabi Commercial Bank (Arabic: بنك أبوظبي التجاري‎) (ADSM:ADCB), commonly called ADCB, is a bank in the United Arab Emirates.
Abu Dhabi Investment Authority The Abu Dhabi Investment Authority (ADIA) is a sovereign wealth fund owned by Abu Dhabi, United Arab Emirates. ADIA has never published how much it has in assets. As a result of this, there is some debate on how much the fund has under control. Accepted estimates have been between $650 billion to approximately $875 billion in assets.[1] On November 26, 2007, ADIA agreed to invest $7.5 billion in Citigroup, the largest United States bank. This deal gives ADIA 4.9% of the New York-based bank, making it the largest shareholder, with Prince Alwaleed Bin Talal Al Saud of Kingdom Holding of Saudi Arabia the second-largest shareholder, with 4.3%.
Abu Dhabi Islamic Bank Abu Dhabi Islamic Bank (appr. ADIB) is an Islamic bank based in Abu Dhabi city, in the United Arab Emirates.
American Express Bank Limited American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company also has major offices in Fort Lauderdale, FL; Salt Lake City, UT; and Phoenix, AZ. The company is best known for its credit card, charge card and traveler's cheque businesses.
The company's common stock trades on the New York Stock Exchange under the ticker symbol "AXP." It is one of the 30 stocks that comprise the Dow Jones Industrial Average and is ranked as the 74th largest company by Fortune. In 2007, BusinessWeek and Interbrand ranked American Express as the 14th most valuable brand in the world, estimating the brand to be worth US$20.87 billion.
The current CEO is Kenneth Chenault, who took over in 2001.
Arab Bank Established in 1930, Arab Bank has evolved from a small bank into one of the largest financial institutions in the Middle East. Today, the Group has the largest worldwide Arab branch network, with over 400 branches in 29 countries spanning 5 continents, participating in financial markets and centers such as London, New York, Dubai, Singapore, Zurich, Paris, Frankfurt, Sydney and Bahrain.
Arab Bank sells products in personal banking, corporate and investment banking (CIB), AB Private Banking and treasury.
Bank of America Bank of America (NYSE: BAC TYO: 8648) is the largest commercial bank in the United States by deposits and market capitalization.[3][4]
It is a member of Federal Deposit Insurance Corporation (FDIC).
Bank of Baroda Bank of Baroda (BSE: 532134) is the sixth largest bank in India. It has total assets in excess of Rs. 1.78 lakh crores, or Rs. 1,780 bn., a network of over 2800 branches and offices, and about 1000+ ATMs. Bank of Baroda offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialised subsidiaries and affiliates in the areas of investment banking, credit cards and asset management.
Maharajah of Baroda Sir Sayajirao Gaekwad III founded the bank on July 20, 1908 in the princely state of Baroda, in Gujarat. The bank, along with 13 other major commercial banks of India, was nationalised on 19 July 1969, by the Government of India.
Bank of China Bank of China Limited (BOC) SSE: 601988 SEHK: 3988 (simplified Chinese: 中国银行; traditional Chinese: 中國銀行; pinyin: Zhōngguó Yínháng; often abbreviated as 中行) is one of the big four state-owned commercial banks of the People's Republic of China. Founded in 1912 to replace the Ta Ching Government Bank, it is the oldest bank in China. From its establishment until 1942, it issued banknotes on behalf of the Central Government along with the "Big Four" banks of the period: the Central Bank of China, Farmers Bank of China and Bank of Communications. Although it initially functioned as the Chinese central bank, in 1928 the Central Bank of China replaced it in that role. Subsequently, BOC became a purely commercial bank.
Bank of Credit and Commerce International The Bank of Credit and Commerce International (BCCI) was a major international bank founded in London, United Kingdom in 1972 by Agha Hasan Abedi, a leading Pakistani financier. The company was registered in Luxembourg. At its peak, it operated in 78 countries, had over 400 branches, and had assets in excess of US$ 20 billion making it the 7th largest bank in the world by assets.
BCCI became the focus in 1991 of the world's worst financial scandal and what was called a "$20-billion-plus heist". Regulators in the United States and the United Kingdom found it to be involved in money laundering, bribery, support of terrorism, arms trafficking, the sale of nuclear technologies, the commission and facilitation of tax evasion, smuggling, illegal immigration, and the illicit purchases of banks and real estate. The bank was found to have at least $13 billion unaccounted for. The bank was dubbed satirically the "Bank of Crooks and Criminals International."
Investigators in the U.S. and the UK revealed that BCCI had been "set up deliberately to avoid centralized regulatory review, and operated extensively in bank secrecy jurisdictions. Its affairs were extraordinarily complex. Its officers were sophisticated international bankers whose apparent objective was to keep their affairs secret, to commit fraud on a massive scale, and to avoid detection"; BCCI organized its own intelligence network, diplomatic corps and shipping & trading companies.
The liquidators, Deloitte & Touche, filed a lawsuit against Price Waterhouse and Ernst & Young - the bank's auditors - which was settled for $175 million in 1998. A further lawsuit against the Emir of Abu Dhabi, a major shareholder, was launched in 1999 for approximately $400 million. BCCI creditors also instituted a $1 billion suit against the Bank of England as a regulatory body. After a nine-year struggle, due to the Bank's statutory immunity, the case went to trial in January 2004. However, in November 2005, liquidators Deloitte &c. dropped any action against the Bank of England as it was no longer considered in the best interests of the creditors after a High Court ruling.
It is widely held amongst stakeholders in many Islamic countries that the Bank's closure was due to its perceived threat to Western interests. The perception of threat derived from the Bank's predominantly Islamic client base, and its loans to the Government of Pakistan at a time when the US had imposed sanctions against Pakistan, citing that government's pursuit of nuclear technology.
Bank of India Bank of India (BoI), established on 7 September 1906 is a bank with headquarters in Mumbai. Government-owned since nationalization in 1969, It is one of India's leading banks, with about 2,884 branches including 27 branches outside India. BoI is a founder member of SWIFT (Society for World-wide Inter Bank Financial Telecommunications) in India which facilitates provision of cost-effective financial processing and communication services. The Bank completed its first one hundred years of operations on 7th September, 2006.
MISSION: "To provide superior, proactive banking services to niche markets globally, while providing cost-effective, responsive services to others in our role as a development bank, and in so doing, meet the requirements of our stakeholders".
VISION: "To become the bank of choice for corporate, medium businesses and upmarket retail customers and to provide cost effective developmental banking for small business, mass market and rural markets"
Bank of New York The Bank of New York, abbrieviated BNY, ticker symbol BK, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. The BNY operated in four primary business areas (which it still continues to do):
Securities servicing
Treasury management
Investment management
Private banking
Bank Saderat Iran Bank Saderat Iran is an Iranian Bank. Its name means "the Export Bank of Iran". Bank Saderat Iran (BSI ) was founded by the prominent Mofarrah and Bolurforushan families, commenced operation on 13 November 1952 with a board of three directors and 20 employees. It quickly became the largest privately owned bank in the region with branches in Hamburg, Paris, London and New York. As of 2006, it operates 3,248 branches.
On 7 June 1979 , after the revolution, all Iranian private banks were nationalized and became state-owned. In 1980, branches and sub-branches of BSI in the Iranian provinces were turned into independent banks, named Bank Saderat Ostan (province). Today, BSI has 29 owned provincial bank subsidiaries and over 200 affiliated companies, supervised by Ghadir Investment Company.
Iranian banks are administered on the basis of a law passed by the Islamic Revolution Council on 25 September 1979 , and the provisions of its Articles of Association.
On September 9, 2006, the bank was blacklisted by the United States because it allegedly transfers money to terrorist organizations.
According to the U.S. Department of the Treasury, Bank Saderat is used by the Government of Iran to transfer money to what the US considers to be terrorist organizations, including Hezbollah, Hamas, the Popular Front for the Liberation of Palestine-General Command and Palestinian Islamic Jihad.
Under the current Iranian Transactions Regulations (31 CFR Part 560), U.S. banks may process certain funds transfers involving an Iranian bank, such as transfers for authorized or exempt transactions and "U-turn" transactions. U-turn transactions allow U.S. banks to process payments involving Iran that begin and end with a non-Iranian foreign bank. Bank Saderat will not be able to participate in any transfers involving U.S. banks, effective from the date that the amendment to the regulations is filed with the U.S. Federal Register.
By prohibiting U-turn and all other transactions with Bank Saderat, the bank is denied all direct and indirect access to the U.S. financial system.
Central Bank of India Central Bank of India is one of the oldest and largest commercial banks in India. It was established in 1911 by Sir Sorabji Pochkhanawala and was the first commercial Indian bank completely owned by Indians. The bank, with 13 others, was nationalized by the Indian Government on 19th July, 1969. The bank currently has 3,168 branches and 270 extension counters across 27 Indian states.
The present Chairperson and Managing Director, Ms. Homi. A. Daruwala, has initiated steps to bring this bank to a par with private-sector banks. She has taken decisions regarding computerisation, ATM services and core banking. The bank is planning to introduce core banking solutions (CBS) in 1,000 branches.
As of 31 March 2006, the bank achieved a landmark: crossing a business mix of Rs. 1,05,000.00 crores. The next target has been fixed at doubling this figure in the next three years. Krishnan Subharamaniam, Executive Director of the bank, in his message to staff members, has called upon them to achieve the target and suggested some steps. One of these steps is to change the manner in which employees extend service to customers across different delivery channels. He has advocated the adoption of the '3R' principles when dealing with customers - recognition, respect and response. This is asserted to be the path to make customers experience 'Customer Delight'. Subbaraman is of the view that to be able to achieve the coveted goal of at least Rs.2,00,000.00 crores in three years' time, it is urgent to add large numbers of new customers to the bank's existing portfolio. Central Bank also came with its IPO, which was oversubscribed 64 times. The bank has plans to change the bank's signboard across the country, trying to impart a new look to the bank after the IPO.
Citibank Citibank is a major international bank, founded in 1812 as the City Bank of New York, later First National City Bank of New York. Citibank is now the consumer and corporate banking arm of financial services giant Citigroup, one of the largest companies in the world. As of March 2007, it is the largest bank in the United States by holdings.
Citibank has operations in more than 100 countries and territories around the world. More than half of its 1,400 offices are in the United States, mostly in the New York City, Chicago, Miami, and Washington DC metropolitan areas, as well as in California.
In addition to the standard banking transactions, Citibank offers insurance, credit card and investment products. Their online services division is among the most successful in the field, claiming about 15 million users.
Credit Suisse The Credit Suisse Group (SWX: CSGN, NYSE: CS) is a financial services company, headquartered in Zurich, Switzerland. Credit Suisse was founded by Alfred Escher in 1856 under the name Schweizerische Kreditanstalt (SKA, Swiss Credit Institution). The bank is organized into three divisions, Investment Banking, Private Banking, and Asset Management. Shared Services, which includes functions such as IT and legal/compliance, encompasses all three major areas.
In 1942, it opened its first branch outside of Switzerland, in New York City. In 1988, it gained a controlling stake in The First Boston Corporation, hence the long-time name of its investment banking unit Credit Suisse First Boston. In 1993, Credit Suisse Group bought Schweizerische Volksbank (People's Bank of Switzerland). In 1996 the two retail banks were merged and renamed Credit Suisse. In 2000, it acquired the investment bank Donaldson, Lufkin & Jenrette (DLJ) and, with it, an e-commerce software portfolio, including DLJ Direct, that it later sold to the Bank of Montreal.
Deutsche Bank Deutsche Bank AG (literally "German Bank"; pronounced [ˈdɔɪtʃə]; ISIN: DE0005140008, NYSE: DB) is an international Universal bank with a broad private clients franchise, headquartered in Frankfurt, Germany. The bank employs more than 78,000 people in 76 countries, has a large presence in Europe, the Americas, Asia Pacific and the emerging markets.
Deutsche Bank has offices in finance-hubs, including Frankfurt, London, Birmingham, Moscow, New York, Singapore, Sydney, Hong Kong and Tokyo. Furthermore, the bank is investing in expanding markets such as the Middle East, Latin America, Central & Eastern Europe and Asia Pacific.
The bank offers financial products and services for corporate and institutional clients along with private and business clients. Services include sales, trading and origination of debt and equity, risk management products such as derivatives, corporate finance, wealth management, retail banking, fund management and transaction banking.
Deutsche Bank’s Chief Executive Officer and Chairman of the Group Executive Committee, since 2002, is Dr. Josef Ackermann. The Bank in terms of is revenues, is one of the top three investment banks in the world.[citation needed] Deutsche Bank is listed on both the Frankfurt (FWB) and New York stock exchanges (NYSE).
Dubai Islamic Bank The Dubai Islamic Bank is an Islamic bank in Dubai, established in 1975.
Since 2005, DIB has been the majority-owner (60%) of Bank of Khartoum, and since 2006, a minority owner in the newly founded Emirates and Sudan Bank in Khartoum. In 2008 Emirates and Sudan Bank will merge into Bank of Khartoum, and DIB's ownership of the merged entity, Bank of Khartoum, will drop to 28%. Dubai Islamic Bank also has a 100% owned real estate development and management subsidiary, Deyaar, as well as an islamic real estate financing subsidiary, Tamweel.
Emirates NDB
Fortis Bank Fortis (Euronext: FORA, Euronext: FORB, LuxSE: FOR) is a banking, insurance, and investment management company, and is the 20th largest business in the world by revenue.[1] The Benelux countries are Fortis' home base and its strength. Fortis' banking operations include network (retail), commercial, and merchant banking; its insurance products include life, health, and property/casualty lines. Products are sold through independent agents and brokers, financial planners, and through Fortis Bank branches. It is listed on the Euronext Brussels, Euronext Amsterdam, and Luxembourg stock exchanges.
In addition to acquiring a retail bank in Poland, Fortis acquired 89.3% of the shares of Turkey's fifth largest privately owned bank Dışbank from Doğan Group on 11 April 2005. Considering the outstanding public shares, the total bid is approximately €985 million. From 28 November 2005 on, the network of 173 branches of Dışbank was rebranded Fortis.
As of 2006 its profits were €4.56 billion according to Forbes magazine with a market value of €45.74 billion.
Fortis acquired Dryden Wealth Management from Prudential Financial on 4 October 2005.
Fortis Insurance UK has its own in-house worldwide medical emergency service, Assistance International. Fortis is the shirt sponsor of the R.S.C. Anderlecht and Feyenoord Rotterdam football clubs. Fortis is also the main sponsor of the Turkish Football Cup and the Luxembourg National Division.
Fortis was part of the consortium with Royal Bank of Scotland Group (RBS) and Banco Santander, that announced on October 8, 2007, that an offer for 86% of outstanding ABN AMRO stock had been accepted, making way for the largest ever bank takeover in history. On November 1 2007, an extraordinary shareholder meeting was held to change ABN AMRO's management. Mark Fisher from RBS took over as CEO. At that meeting the consortium stated that 97% of all shares were in their hands.
Fortis will use the ABN AMRO brand name for Fortis's retail banking operations in the Netherlands.
On July 11, 2008, the CEO of Fortis, Jean Votron, stepped down after the ABN Amro deal had depleted Fortis' capital. The total value of Fortis, as reflected by its stock value, was at that time a third of what it had been before the acquisition, and just under the value it had paid for ABN Amro's Benelux activities alone.
Habib Bank Habib Bank Limited (Urdu: حَبيب بينك) commonly referred to as "HBL" and headquartered in Habib Bank Plaza, Karachi,Pakistan, is the largest bank in Pakistan. The bank has a network of 1425 branches in Pakistan and 55 branches worldwide. It has a domestic market share of over 40%. It continues to dominate the commercial banking sector with a major market share in inward foreign remittances (55%) and loans to small industries, traders and farmers. Overseas, it has operations in the following countries:
Afganistan, Australia, Bahrain, Bangladesh, Belgium, Canada, China, France, Hong Kong, Iran, Kenya, Lebanon, Maldives, Nepal, Netherlands, Nigeria, Oman, Singapore, Sri Lanka, Turkey, UAE, UK & USA.
Hang Seng Bank Hang Seng Bank Limited is the second largest bank in Hong Kong. It is a listed company but it is majority owned (62.14% equity interest) by the HSBC Group via The Hongkong and Shanghai Banking Corporation. Hang Seng is also one of the constituent shares of the Hang Seng Index. The current vice-chairman and CEO is Raymond Or Ching-fai. Mr. Vincent Cheng has been appointed to be the Chairman (designate) of The Hongkong and Shanghai Banking Corporation. He took up the post on May 25 2005.
HSBC HSBC Holdings plc (LSE: HSBA, SEHK: 0005, NYSE: HBC, Euronext: HSB, BSX: 1077223879) is a public limited company incorporated in England and Wales, headquartered in London.[1] It is the world's largest company and the world's largest banking group, as calculated based on different metrics by the annual Forbes list of the world's largest firms published on April 2, 2008. In February 2008, HSBC was named the world's most valuable banking brand by The Banker magazine.
HSBC Holdings was established in 1991 to become the parent company to The Hongkong and Shanghai Banking Corporation Limited in preparation for its purchase of the Midland Bank in Britain and in change of domicile for the transfer of sovereignty of Hong Kong. The former was established virtually simultaneously in Hong Kong and Shanghai in 1865 to finance the growing trade between China and Europe by Scotsman Thomas Sutherland, who wanted a bank operating on "sound Scottish banking principles". Its heritage in East Asia means it is a British institution with an extensive international pedigree.
ICICI Bank ICICI Bank (BSE: ICICI) (formerly Industrial Credit and Investment Corporation of India) is India's largest private sector bank in market capitalization and second largest overall in terms of assets. ICICI Bank has total assets of about USD 100 Billion (end-Mar 2008), a network of over 1308 branches and offices, about 3954 ATMs, and 24 million customers (as of end July 2007). ICICI Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialised subsidiaries and affiliates in the areas of investment banking, life and non-life insurance, venture capital and asset management. But these data are dynamic. ICICI Bank is also the largest issuer of credit cards in India. [1]. ICICI Bank has listed its equity shares on stock exchanges at Kolkata and Vadodara, Mumbai and the National Stock Exchange of India Limited, and its ADRs on the New York Stock Exchange (NYSE).
The Bank is expanding in overseas markets and has the largest international balance sheet among Indian banks. The Bank now has wholly-owned subsidiaries, branches and representatives offices in 18 countries, including an offshore unit in Mumbai. This includes wholly owned subsidiaries in the UK, Canada and Russia, offshore banking units in Singapore and Bahrain, an advisory branch in Dubai, branches in Sri Lanka, Hong Kong and Belgium, and rep offices in the US, China, United Arab Emirates, Bangladesh, South Africa, Indonesia, Thailand and Malaysia. In particular, the bank is targeting the NRI (Non Resident Indian) population
ICICI Bank reported marked-to-market loss of $264 million as of January 31, 2008 following the USA subprime mortgage crisis.
Indian Bank Indian Bank, established in 1907, is a major Indian commercial bank headquartered in Chennai (Madras), India. It has 22,000 employees and 1,543 branches and is one of the big public sector banks of India. It has overseas branches in Colombo, Sri Lanka and Singapore, and 229 correspondent banks in 69 countries. The Government of India nationalized the bank, along with 13 other major commercial banks, on 19 July 1969.
Mashreq Bank Plc. U.A.E's leading bank.
MashreqBank Mashreqbank PSC is one of the leading banks in the United Arab Emirates (UAE), with total assets as at 31 December 2006, of US$23.86 billion, net profits of US$ 627.95 million and shareholders equity of US$ 2.01 billion. The bank is listed on the Dubai Financial Market. The Bank is also the largest privately owned Bank in the UAE
National Bank of Kuwait First opened in Kuwait in 1952, the National Bank of Kuwait (NBK) is the first national bank in the Gulf Region. Founded by Khaled Zaid Al-Khaled, NBK is currently the largest financial institution in Kuwait and one of the leading banks in the Middle East. It has branches in New York , London, Paris, Geneva, Beirut, Jordan, Bahrain, Qatar, Singapore, Vietnam, Thailand, Iraq, Jeddah, and Shanghai. With capital resources of over $2.2 billion, it is ranked in the top 300 banks of the world, and third among Arab banks.
In november 2007, National Bank of Kuwait (NBK) announced the acquisition of a 93, 77% stake of Al Watany Bank of Egypt.
"With capital resources exceeding KD 654 million ($2.2 billion), NBK is ranked amongst the top 300 banks in the world and the third amongst Arab banks. NBK reported a record net profit of $510 million in 2005 (a 24% increase over the prior year) with a return on equity of 30%, a return on assets of 2.7% and total assets of $18.9 billion."
Royal Bank of Canada The Royal Bank of Canada (Banque Royale du Canada in French) is Canada's largest company and bank.
Its master brand is RBC and that name is used on all its business units or subsidiaries. In Canada, the bank is branded as RBC Royal Bank, a combination of its new master brand and its traditional Canadian brand. Some business units of RBC are:
investment banking division RBC Capital Markets,
full service investment brokerage firm RBC Dominion Securities,
online investment site RBC Direct Investing.
RBC also has a large retail banking presence in the southeastern United States, marketing itself there as RBC Bank.
RBC has its heaquarters in Montreal and Toronto but since the late 1970s, all the decisions are made out of the Toronto headquarters at the Royal Bank Plaza. RBC ranks number 55 on the Forbes Global 2000 list (2008 edition). Its market cap fluctuates at around CAD$ 63.7 billion as of October 31, 2006.
As of 2007, RBC is the largest financial institution/bank in Canada measured in both assets and market capitalization. RBC has 1524 branches in Canada, offices in 39 countries, and serves clients from 150 countries. RBC currently serves more than 15 million customers and employs more than 70,000 full and part-time employees internationally.
Royal Bank of Scotland The Royal Bank of Scotland plc (Scottish Gaelic: Banca Rìoghail na h-Alba[1]) is one of the retail banking subsidiaries of the Royal Bank of Scotland Group plc, which together with NatWest and Ulster Bank, provides branch banking facilities in the United Kingdom. Royal Bank of Scotland has around 700 branches, mainly in Scotland though there are branches in many larger towns and cities throughout England and Wales. The Royal Bank of Scotland and its parent, the Royal Bank of Scotland Group, are completely separate from the fellow Edinburgh based bank, the Bank of Scotland, which pre-dates the Royal Bank of Scotland by 32 years. The Bank of Scotland was effective in raising funds for the Jacobite Rebellion and as a result, The Royal Bank of Scotland was established to provide a bank with strong Hanoverian and Whig ties.
Scotiabank Scotiabank (Banque Scotia) (TSX: BNS NYSE: BNS), the trademark name for The Bank of Nova Scotia, is one of Canada's Big Five banks. It is the second largest bank in Canada by assets (behind the Royal Bank of Canada), and the second largest by market capitalization (behind Royal Bank of Canada). It is Canada's most international bank, having branches in more countries than the other major Canadian banks. Scotiabank ranks number 92 on the Forbes Global 2000 list.
Standard Chartered Standard Chartered Bank (LSE: STAN, SEHK: 2888,OTCBB: SCBFF) is a British bank headquartered in London with operations in more than seventy countries. It operates a network of over 1,700 branches and outlets (including subsidiaries, associates and joint ventures) and employs 73,000 people.
Despite its British base, it has few customers in the United Kingdom and 90% of its profits come from Asia, Africa, and the Middle East. Because the bank's history is entwined with the development of the British Empire its operations lie predominantly in former British colonies, though over the past two decades it has expanded into countries that have historically had little British influence. It aims to provide a safe regulatory bridge between these developing economies.
It now focuses on consumer, corporate, and institutional banking, and on the provision of treasury services—areas in which the Group had particular strength and expertise.
Standard Chartered is listed on the London Stock Exchange and the Hong Kong Stock Exchange and is among the top 25 constituent members of the FTSE 100 Index.
Toronto Dominion Bank The Toronto-Dominion Bank (TD) (TSX: TD NYSE: TD TYO: 8640) is a bank headquartered in Toronto, Ontario, Canada. It is one of Canada's Big Five banks, being the second largest bank in the country by assets (behind RBC), and the third largest in market capitalization behind Royal Bank of Canada and Scotiabank. TD ranks number 95 on the Forbes Global 2000 list (2008 edition).
TD offers a full range of financial products and services. Operating under the corporate brand TD Bank Financial Group, the bank and its subsidiaries are organized into four key business lines: Canadian Personal and Commercial Banking, Wealth Management, Wholesale Banking, and U.S. Personal and Commercial Banking. TD has over 52,000 employees worldwide and over 10 million customers.
UTI Bank Axis Bank, previously called UTI Bank, was the first of the new private banks to have begun operations in 1994, after the Government of India allowed new private banks to be established. The Bank was promoted jointly by the Administrator of the Specified Undertaking of the Unit Trust of India (UTI-I), Life Insurance Corporation of India (LIC), General Insurance Corporation Ltd., National Insurance Company Ltd., The New India Assurance Company, The Oriental Insurance Corporation and United Insurance Company Ltd. UTI-I holds a special position in the Indian capital markets and has promoted many leading financial institutions in the country.P J Nayak is its Chairman and Managing Director.
As on the year ended March 31, 2006 the Bank had a networth of Rs. 2872.19 crores with the public holding (other than promoters) at 56.65%. Net Profit for the year was up 44.98% to Rs 485.08 crores.
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Above may be not an exhaustive list of banks in this country. Also, the information might be outdated or wrong.

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