NRI Banking - That Which You Have To Know
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
project girl
Moderator
*****

Posts: 10,114
Joined: Nov 2012
#1
12-11-2012, 02:31 PM


NRI Banking - That Which You Have To Know


.docx   NRI Banking.docx (Size: 45.56 KB / Downloads: 14)

Being an NRI you need to be toiling difficult to generate much more to become in a position to satisfy your costs and conserve that additional bit for the family members back again house. When transferring cash back again house, you may require an NRI bank account and solutions of the remitter to make sure that your difficult attained cash reaches secure fingers. With the growing quantity of Indians shifting overseas for function or research NRI banking has witnessed a constant boom within the previous couple of many years.
Much more and much more individuals are benefiting from NRI banking amenities for conserving in addition to for investment functions. If you are a Non Resident Indian preparing to open up an account in an Indian bank, you may wish to possess a fast perception into what's NRI banking all about.
To start with, a Non Resident Indian is really a one that is definitely an Indian citizen, or is of Indian origin and stays overseas for employment, for company or vocation, or for schooling. NRI account services are accessible having a quantity of Indian banking institutions; each personal and public. If you are searching for a remitter to transfer cash in India, the very first pre-requisite would be to open up a Non Resident Indian bank account.
In present day globalized atmosphere, numerous Indian's are shifting abroad to be able to generate and conserve cash. If you are a Non-Resident Indian (NRI) who desires to open up an account in an Indian bank, you are able to go in to get a NRI bank account. Via an NRI bank account you are able to effortlessly deliver cash for your family members back again house. Whilst opening a NRI bank account offers and simple use of your money, it conserve each money and time when you do not need to operate to some Union bank or inquire somebody to get a favors of offering the cash for your close to one. Having an easy mouse-click you are able to transfer cash on-line.

NRI Banking

Banking is a single of the most governing segments of the fiscal zone. Banking refers to the act of storing income for savings, issuing loans and credit score, checking out accounts or for exchange. It simply is the transactions carried out between an personal and a bank. Financial institutions give different services for an person. Some of the notable kinds are creation of bank accounts to keep income, credit creation, issuing of financial loans, investments in insurance policies and liquid assets, issuing credit and debit cards and many others. In the Indian economic sector, in the discipline of banking, one more facility has been included which caters to the specific wants of the Non Resident Indians or NRI’s. With very a handful of Indian citizens transferring up and migrating to distinct components of the entire world it grew to become required to formulate policies and restrictions for the control of their financial institution accounts. The banking institutions could not shed out on buyers just because they were relocating out of the place.
Reply
Guest
Thinking To Register

 
#2
07-09-2016, 10:57 PM

What are the 5 creative ways to increase Bank NRI portfolio
Reply
Dhanabhagya
Super Moderator
******

Posts: 660
Joined: May 2016
#3
09-09-2016, 02:24 PM


Abstract

ICICI Bank is India's largest private sector bank with total assets of Rs. 7,206.95 billion (US$ 109 billion) at March 31, 2016 and profit after tax Rs. 97.26 billion (US$ 1,468 million) for the year ended March 31, 2016. ICICI Bank currently has a network of 4,450 Branches and 14,240 ATM's across India.

ICICI Bank was originally promoted in 1994 by ICICI Limited, an Indian financial institution, and was its wholly-owned subsidiary. ICICI's shareholding in ICICI Bank was reduced to 46% through a public offering of shares in India in fiscal 1998, an equity offering in the form of ADRs listed on the NYSE in fiscal 2000, ICICI Bank's acquisition of Bank of Madura Limited in an all-stock amalgamation in fiscal 2001, and secondary market sales by ICICI to institutional investors in fiscal 2001 and fiscal 2002. ICICI was formed in 1955 at the initiative of the World Bank, the Government of India and representatives of Indian industry. The principal objective was to create a development financial institution for providing medium-term and long-term project financing to Indian businesses.

In the 1990s, ICICI transformed its business from a development financial institution offering only project finance to a diversified financial services group offering a wide variety of products and services, both directly and through a number of subsidiaries and affiliates like ICICI Bank. In 1999, ICICI become the first Indian company and the first bank or financial institution from non-Japan Asia to be listed on the NYSE.

After consideration of various corporate structuring alternatives in the context of the emerging competitive scenario in the Indian banking industry, and the move towards universal banking, the managements of ICICI and ICICI Bank formed the view that the merger of ICICI with ICICI Bank would be the optimal strategic alternative for both entities, and would create the optimal legal structure for the ICICI group's universal banking strategy. The merger would enhance value for ICICI shareholders through the merged entity's access to low-cost deposits, greater opportunities for earning fee-based income and the ability to participate in the payments system and provide transaction-banking services. The merger would enhance value for ICICI Bank shareholders through a large capital base and scale of operations, seamless access to ICICI's strong corporate relationships built up over five decades, entry into new business segments, higher market share in various business segments, particularly fee-based services, and access to the vast talent pool of ICICI and its subsidiaries.

In October 2001, the Boards of Directors of ICICI and ICICI Bank approved the merger of ICICI and two of its wholly-owned retail finance subsidiaries, ICICI Personal Financial Services Limited and ICICI Capital Services Limited, with ICICI Bank. The merger was approved by shareholders of ICICI and ICICI Bank in January 2002, by the High Court of Gujarat at Ahmedabad in March 2002, and by the High Court of Judicature at Mumbai and the Reserve Bank of India in April 2002. Consequent to the merger, the ICICI group's financing and banking operations, both wholesale and retail, have been integrated in a single entity.
Reply

Important Note..!

If you are not satisfied with above reply ,..Please

ASK HERE

So that we will collect data for you and will made reply to the request....OR try below "QUICK REPLY" box to add a reply to this page

Quick Reply
Message
Type your reply to this message here.


Image Verification
Please enter the text contained within the image into the text box below it. This process is used to prevent automated spam bots.
Image Verification
(case insensitive)

Possibly Related Threads...
Thread Author Replies Views Last Post
  Report on Core banking study tips 2 496 24-03-2016, 02:16 PM
Last Post: mkaasees
  GUIDELINES FOR ELECTRONIC BANKING seminar projects maker 0 311 28-09-2013, 01:18 PM
Last Post: seminar projects maker
  ORGANIZATIONAL STRESS AMONG EMPLOYEES OF BANKING SECTOR AT CHENNAI seminar projects maker 0 352 27-09-2013, 04:10 PM
Last Post: seminar projects maker
  EMPLOYEE’S PERCEPTION TOWARDS ORGANIZATIONAL CLIMATE IN BANKING INDUSTRIES AT TRICHY seminar projects maker 0 391 27-09-2013, 04:10 PM
Last Post: seminar projects maker
  An Overview of Marketing Strategies on Banking Sector in the present Scenario seminar projects maker 0 455 27-09-2013, 03:52 PM
Last Post: seminar projects maker
  A STUDY ON CUSTOMER PERCEPTION TOWARDS MOBILE BANKING: IDENTIFYING MAJOR CONTRIBUTING seminar projects maker 0 425 27-09-2013, 03:50 PM
Last Post: seminar projects maker
  PERFORMANCE APPRAISALS OF BANKING EMPLOYEES PRACTICE AND EFFECTIVENESS seminar projects maker 0 326 27-09-2013, 03:36 PM
Last Post: seminar projects maker
  CRM STRATEGIES TO LEVERAGE THE COOPERATIVE BANKING SERVICES seminar projects maker 0 365 27-09-2013, 03:35 PM
Last Post: seminar projects maker
  MOBILE BANKING IN THE NEW MILLINEUM seminar projects maker 0 315 27-09-2013, 03:32 PM
Last Post: seminar projects maker
  A brief overview of the Banking regulations in the United State of America seminar projects maker 0 270 27-09-2013, 03:31 PM
Last Post: seminar projects maker