Canara Bank

  • PSU established in 1906, holds 51% share in the JV
  • Distribution network of 5682 branches (as on 31st March, 2015)
  • 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 2014-15, further expanded its network by adding 930 branches and 2221 ATMs, taking the number of branches to 5682 and ATMs to 8533 as at March 2015. The Bank's total business crossed Rs.8,00,000 crore as on 25th May 2015.

The Bank is catering to 6.6 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, over 100 million customer base
  • 6100 offices in 71 countries and territories

HSBC   http://www.hsbc.co.in/

HSBC in India

The Hongkong and Shanghai Banking Corporation Limited in India offers a full range of banking and financial services through its 50 branches and 140 ATMs across 29 cities. HSBC is one of India's leading financial services groups, with over 32,000 employees in its banking, investment banking and capital markets, asset management, insurance, software development and global resourcing operations in the country. It is a leading custodian in India, and a leading international bank for individuals and companies with global aspirations, facilitating their needs with presence in 72 countries. The Bank is at the forefront in arranging deals for Indian companies investing overseas and foreign investments into the country. With its extensive reach across Asia, the Americas and Europe, HSBC has the capacity to offer complete banking and financial solutions to India's burgeoning economy. It has also formed a joint venture life insurance company with Canara Bank and Oriental Bank of Commerce.

HSBC's network of branches is located at Ahmedabad, Bengaluru, Chandigarh, Chennai, Coimbatore, Gurgaon, Guwahati, Hyderabad, Indore, Jaipur, Jodhpur, Kochi, Kolkata, Ludhiana, Lucknow, Mumbai, Mysore, Nagpur, Noida, New Delhi, Nashik, Patna, Pune, Raipur, Surat, Thiruvanthapuram, Thane, Vadodara and Visakhapatnam.

The HSBC Group

HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from over 6,100 offices in 72 countries and territories in Asia, Europe, North and Latin America, and the Middle East and North Africa. With assets of US$2,549bn at 30 September 2015, HSBC is one of the world’s largest banking and financial services organisations.

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.