Canara Bank

  • PSU established in 1906, holds 51% share in the JV
  • Distribution network of 6083 branches (as on 31st March, 2017)
  • One of the largest nationalized banks in India in business volume

Canara Bank   http://www.canarabank.com/

Canara Bank was established in 1906, and has completed over a century of operations in the Indian banking industry. It is recognized today as the largest nationalized bank in India in terms of aggregate business volume.

As one of the leading public sector banks in India, Canara Bank during 2016-17, further expanded its network by adding 234 branches and 1268 ATMs, taking the number of branches to 6083 and ATMs to 10519 as at March 2017. The Bank's total business stood at Rs. 8.37 lakh Crore as on 31st Mar 2017.

The Bank is catering to 7.79 crore customer accounts. The Bank continues to invest in delivery channels, IT infrastructure, customer service, business process reengineering, innovative products/services and staff knowledge to strengthen market position.

HSBC

  • Holds 26% share in the JV through HSBC Insurance (Asia-Pacific) Holdings Limited
  • International Bank established in 1865, serve more than 45 million customers
  • 4400 offices in 71 countries and territories

HSBC in India   http://www.about.hsbc.co.in/hsbc-in-india

HSBC's origins in India date back to 1853 when the Mercantile Bank of India was established in Mumbai. The bank has grown steadily and now offers products and services to corporate and commercial banking clients and retail customers.

The Mercantile Bank of India, London and China was founded in Bombay (now Mumbai). By 1855, the Mercantile Bank had opened offices in London, Madras (Chennai), Colombo, Kandy, Calcutta (Kolkata), Singapore, Hong Kong, Canton (Guangzhou) and Shanghai. In 1950 it moved into its new head office building at Flora Fountain in Mumbai.

The Mercantile Bank was bought in 1959 by The Hongkong and Shanghai Banking Corporation Limited. Founded in 1865 to serve the needs of the merchants of the China coast and finance the growing trade between China, Europe and the US, HSBC has been an international bank from its earliest days.

HSBC in India has been active in the development of the Indian banking industry - even giving India its first ATM in 1987.

The HSBC Group  http://www.about.hsbc.co.in

HSBC is one of the world’s largest banking and financial services organisations. We serve more than 45 million customers through four global businesses: Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking. Our network covers 71 countries and territories in Europe, Asia, the Middle East and Africa, North America and Latin America.

With around 4,400 offices worldwide, we aim to be where the growth is, connecting customers to opportunities, enabling businesses to thrive and economies to prosper, and ultimately helping people to fulfil their hopes and realise their ambitions.

OBC

  • PSU established in 1943, holds 23% share in the JV
  • Distribution network of 2251 branches (as on 31st March, 2015)
  • AA+/FAAA/P1+ from CRISIL

Oriental Bank Of Commerce   http://www.obcindia.co.in/

Oriental Bank of Commerce was established in 1943 and is currently the 9th largest Nationalised Bank in India in terms of assets. The Government of India owns 59.13% of Oriental Bank of Commerce. The Bank has a credit rating of AA+/FAAA/P1+ from CRISIL.

The Bank has its presence in all parts of the Country with a network of 2251 Branches and 34 Regional Offices as at end of March 2015.

Bank’s total delivery channels increased to 4,739 from 4,254 during FY 14-15 and as on 31 st March 2015, it comprises of 2,251 Branches and 2,488 ATMs. During FY 14-15, 125 new Branches were opened and 360 new ATMs were installed.