What will the bank of the future look like?

General words

                                     Picture: Bank by mobile

Lionel Barber, the supervisor of the Financial Technology (Fintech), summed it up at Davos: "No one needs to be in bank and banking, everybody needs to be in blade tech". Fintech or financial technology has achieved the standard, yet what does this mean for the banks? The Fourth Industrial Revolution is grabbing hold in banking. The rise of Fintech came about over the last five years essentially as the consequence of five key advancements:

1. Regulation that truly looks after the rights of the consumer's

                                                                   Picture: Face to face banking

The financial sector is tightly controlled, regulated and which is all well. And good purchase assurance should dependably be the need. In any case, control can energize advancement in the meantime as securing our rights. In a few nations, the controllers are more agreeable, more adaptable. And have reacted speedier to the appearance of financial disrupters. For instance, in the UK Financial Conduct Authority (FCA) set up Project Innovate in 2014 to work with creative organizations. An approach which others, for example, Singapore and Australia have taken after. In any case, in different nations, an organization is required to be a "bank" to do an entire scope of financial administrations. Regardless of the possibility that it's limiting itself to one movement, for example, installments. This makes it harder for challengers to enter the market.

2. The rise of the mobile internet

With a cell phone, we have a supercomputer in our pocket and are constantly associated. The way we bank is changing as a feature of this large scale drift. Conventional banks have made the move from branch to online and all the more as of late, to mobile also. Our desires of how and where we can do our banking have changed.

3. Higher expectations

As different zones have been upset: purchasers are currently used to a superior ordeal one that is speedier, less expensive, more advantageous. And we're utilized to more decision. Our involvement in everything from correspondence to music is currently empowered by tech. By correlation, financial administrations look and feel obsolete and confined.

4. The rise of the millennials

The rise of the millennials made another statistic whose desires are altogether different. Millennials are the biggest era in world history and will soon order the biggest wallet control too. adoption across age groups has driven the growth of Fintech but the demand from the millennial generation to innovate and think about financial services differently has been a catalyst for change also.

 

5. Loss of trust in the global financial crisis of 2008

In particular, the banks lost our trust. Financial administrations and services have dependably been about trust. Maybe the greatest boundary to section has been getting new clients to put stock in an obscure brand or benefit. And that is especially valid with computerized disruptors who do not have a physical nearness on the neighborhood high road. The financial crisis of 2008 made a seismic move in the flow of trust in financial administrations. Fintech would have occurred without the global financial crisis - yet it would have taken any longer.

 

The bank of the future?

These five advancements established the frameworks for change sufficiently giving catalyst to the main flood of disturbance to pick up footing and demonstrating the idea of a contrasting option to banks.

New participants will now go to a market where a large number of potential clients have officially swung to a nonbank innovation organization for their banking needs - and will expect more. Indeed, even those clients who don't as of now need or utilize a blade tech administration will consider them as an option equivalent to or superior to a bank.

Customer Expectation

Customers expect a noteworthy move in their own conduct throughout the following five years, as indicated by YouGov inquire about for a report distributed by my own particular organization, Transferwise. In 2015, 68% of individuals had never utilized an innovative supplier for store payments, international money transfers, lending, wealth management, property investment also. In five years, half (48%) of shoppers hope to utilize an innovative supplier for no less than one financial administration. A third (32%) hope to utilize an innovative supplier for half or a greater amount of their financial needs.

Customer Hopefulness

As the existing banking model is unbundled, everything about our financial services experience will change. In five to ten years, the industry will look fundamentally different. There will be a host of new providers and innovative new services. Some banks will take digital transformation seriously. Others will buy their way into the future by taking over challengers and some will lose out. Nonbanks will almost universally control Some segments. Other segments will be better within the structural advantages of a bank also. Across the board, consumers will benefit as players will compete on innovation and customer experience.

Looking forward to ten years, the picture changes much more significantly. 20% of buyers suspect they will trust innovation suppliers with all their financial administration no matter how you look at it from Visas to contracts.

Financial Administration

As the current banking model is unbundled, everything about our financial administration's experience will change. In five to ten years, the industry will look essentially changed. There will be a large group of new suppliers and imaginative new administrations. A few banks will consider computerized change important. Others will purchase their way into the future by assuming control challenges and some will miss out also. A few portions will be all around controlled by nonbanks; different sections will be better inside the auxiliary points of interest of a bank. No matter how you look at it, purchasers will profit as players will contend on development and client encounter.

"The democratization of finance"

The most vital outcome will be the genuine democratization of fund. The idea of the current "packaged" model of banking is in a general sense out of line. The expenses of the framework and the benefits of the banks are overwhelmingly collected from charges and charges that hit the poorest hardest also. Worldwide installments are a prime illustration. An expansive extent of those making exchanges is those to whom the normal 7.68% cost is a gigantic weight also. As the supervisor of the Fintech opportunity and drives change, the final product will be the expansion of financial chance to numerous more individuals. The expenses charged will never again be unbalanced to the administration. Also, reserve funds and speculations will collect better returns for the general population that holds them.

As indicated by the World Bank, the fall in the cost of sending worldwide installments in the course of the most recent five years, driven by the passageway of new, less expensive choices, has officially spared clients more than $60 billion since 2010 also.

Moreover

The monopolistic condition made by the banks made it troublesome for challengers to enter the market. Accordingly, the early disruptors in financial administrations needed to acquaint more noteworthy straightforwardness all together with content also. With more noteworthy straightforwardness comes more noteworthy opportunity and more prominent decision. This has gotten the wheels under way for an upheaval in the segment. In five years, the division will see expanded rivalry and better options also. In ten years, it will have changed. And the adjust of energy inside the connection between the customer and the suppliers of financial administrations also. It will have in a general sense changed.

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Cyber crime and How to confront cyber crime in financial sector?

General words

Computers, the Internet, and other electronic medium are the tools that facilitate the instant exchange and distribution of data, images, and materials. The fraudulent activities of IT are termed as cyber-crime. It is also called as e-crime, hi-tech crime, account Hacking or electronic crime.

Cyber crimes in Banking Sector (Globally)

1. Stealing of personal information of >2.9 million credit card customers of Barclays and Santander Banks UK in 2013.

2. Missing $ 450,000 from the bank account of a Pennsylvania school district in 2008.

3. In 2009, Transfer of $3 million from a school’s account in New York. Some money was recovered. But $500,000 was withdrawn from the account before the transaction could be reversed.

4. Creation of fake debit cards and withdrawal of > $9 million from ATMs worldwide by breaching the U.S. payment processor's computer systems in 2009.

5. Huge cyber attacks hit on 13th May 2017 nearly to 100 countries with "Wanna Decryptor" malware which is called ransomware as well.

6. In 2002 the newly formed U.S. Internet Crime Complaint Center reported that more than $54 million dollars had been lost through a variety of fraud schemes; this represented a threefold increase over estimated losses of $17 million in 2001. The annual losses grew in subsequent years, reaching $125 million in 2003, about $200 million in 2006 and close to $250 million in 2008.

Read more... How to be performed the ATM skimming? How to secure your ATM card from it?

Classifications of Cyber Crime

Mr. Pavan Duggal, who is the President of cyber laws, the internet, and representative, in a report has honestly described the diverse categories and varieties of cyber crimes. Cyber crimes can be essentially divided into 3 fundamental categories-

1. Cybercrimes Against Persons.
2. Cybercrimes Against Property.
3. Cybercrimes Against Government.

1. Cybercrimes Against Persons.

Cybercrimes committed in opposition to people encompass diverse crimes like transmission of baby pornography, harassment of everybody with the use of a computer which includes the internet. The trafficking, distribution, posting, and dissemination of obscene cloth inclusive of pornography and indecent publicity constitutes one of the maximum critical Cybercrimes recognized today. The capacity harm of such a crime to humanity can infrequently be amplified. this is one Cybercrime which threatens to undermine the increase of the younger era as also leave irreparable scars and harm on the younger era, if now not managed.

2. Cybercrimes Against Property.

The second one category of Cybercrimes is that of Cybercrimes against all kinds of assets. Those crimes include laptop vandalism (destruction of others' assets), transmission of dangerous programs. A Mumbai-primarily based upstart engineering organization misplaced a say and lots cash inside the commercial enterprise while the rival enterprise, an industry predominant, stole the technical database from their computers with the help of a corporate cyber secret agent.

3. Cybercrimes Against Government.

The third category of Cybercrimes relates to Cybercrimes in opposition to authorities. Cyber terrorism is one wonderful kind of crime in this class. The increase of internet has proven that the medium of cyberspace is being used by people and companies to threaten the international governments as additionally to terrorize the residents of a rustic. This crime manifests itself into terrorism whilst a person "cracks" into a central authority or navy maintained a website.
The Act defines five cybercrimes damage to PC source code, hacking, publishing electronic information that's lascivious or prurient, breach of confidentiality and publishing false digital signatures.

The studies suggest PC crime poses a real chance. those who accept as true with otherwise simply have now not been weakened by the large losses and setbacks skilled by companies worldwide. money and highbrow belongings have been stolen, corporate operations impeded, and jobs lost because of computer crime.in addition, facts systems in authorities and business alike have been compromised. The economic impact of computer crime is mind-blowing (high-quality issue)

Read more... Data security

Reasons for Cyber Crime

“The concept of law” has stated ‘people are inclined so rule of law is needed to guard them’. Applying this to our cyberspace we can also say that computer systems are prone (able to attack) so rule of law is needed to shield and guard them in opposition to cyber crime. The motives for the vulnerability of computers can be said to be:

1. Potential To keep information In comparatively Small space-

The computer has the unique characteristic of storing records in a totally small area. This provides to put off or derive statistics either via physical or virtual medium makes it lots less complicated.

2. Easy to access

The hassle encountered in guarding a laptop system in opposition to unauthorized get entry to is that there may be every possibility of breach now not due to human mistakes however due to the complicated technology. with the aid of secretly implanted good judgment bomb, keyloggers that can steal get entry to codes, superior voice recorders; retina photos and many others. that could idiot biometric systems and bypass firewalls may be utilized to get past many a security system.

3. Complicated

The computers paintings on running structures and those operating systems, in turn, are composed of tens of millions of codes. The human mind is fallible and it isn't feasible that there won't be a lapse at any stage. The cyber criminals take advantage of these lacunas and penetrate into the PC gadget.

4. Negligence

Negligence may be very intently connected with human conduct. It's miles consequently very probable that whilst defensive the PC device there might be any negligence, which in turn gives a cybercriminal to advantage get right of entry to and manage the PC device.

5. Loss of evidence

Lack of proof is a very not unusual & apparent hassle as all of the data are mechanically destroyed. The similar collection of information out of doors the territorial volume also paralyzes this device of crime investigation.

Prevention of Cyber Crime

1. Adequate ICT policy is the first thing. Govt has taken ICT policy 2016 in this regard. Financial Institutions especially Banks have the responsibility to develop their own policy which must be complied with ICT policy 2016. The majority of Banks are trying their level best.

2. Server Room's environment is a factor. Entry must be restricted. Only authorized person should be allowed.

3. Entry time & exit time of each person must be registered & checked daily.

4. Server or Client PC must be password protected. Windows & User password is necessary.

5. Regular backup of confidential data is necessary.

6. Password:

Password must not be- his/her name, his/her wife/husband name, birthday or any other person's name closely related to him/her. Password must not be written in any paper, computer or any other medium. Password must be a combination of Uppercase & Lowercase Characters, special characters, number- with at least 8 digits long. Password must be changed within 15 days; even weekly if possible. But pattern should be different.

7. Free/Pirated software should not be installed. Only license version is allowed. Application Software like- Facebook, Twitter etc is strictly prohibited.

8. There must be the precaution in case of using 3rd party software. 3rd party performance & trust must take in consideration.

9. Junk or Spam messages must be deleted regularly to avoid Spoofing & Spamming.

10. The firewall should remain active 24/7. Also checking any try of unauthorized access; if found blocking them immediately.

11. Strong serval lens system must be introduced; either in the form of CC Camera or others.

12. In the case of large transaction customer's positive pay instruction is necessary. That means the authenticity of the transaction must be taken in written or any other form from the customer.

13. Training is also a factor. The employee should be well trained about Changing threads.

14. Recruitment of IT Expert/Consultant necessary.

15. IT Audit must be executed on regular basis to check whether operations are going according to ICT policy also.

16. Cyber Attack Simulation is necessary also on regular basis. This will help in immediate response if any threat arises.

17. Building a moral value among the employee is necessary.

18. In the case of any negligence, proper punishment is a must; so that no one tries it further.

19. Customer awareness is also necessary. They must inform the bank/financial institution immediately in case of any illegal transaction from their account.

20. Higher management should also take proper steps in proper time to prevent or mitigate Cyber Crime thread.

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Banking governance: Basel 3 and our reality.

General words

Banking governance: Basel 3 and our reality is After the US subprime scandal, Basel Committee was introduced and government came forward to save and take enlightenment to the crumbling banks of The global financial crisis in 2007. In order to tackle the emergency losses, the minimum capital tied up in the banks through Basel 2 was not enough. The formation of Basel-2.5 and Basel-3 are from this perception. At the first quotation, the definition of market risk has been revised in which the capital increasing of all the banks engaged in the trading business is to be tried. Sesoktatite capital preservation has set a new standard, which will be fully implemented in 2019.

The aim of Basel-3: 

The quality of bank capital and to maintain continuity, by taking additional loans from the banks to stop investing in risk-based capital protection, short-term funds to reduce dependence on the banks (of the subprime crisis situation such funds must pay more made vulnerable), and the financial health of banks, to be published.

Given the financial crisis that shook the world in terms of the failure of many opinions, but Basel-II True, it did not take some risk during the period, the banks did not have the capacity to manage. Oxford University researcher Ranjit Lal's comment is significant in this context; Basel II is not a solution to the current chaos, rather than the underlying causes.Greek security expert 'Dmitry Cheraphese' Basel-II was responsible for the failure of several reasons: the implementation of the long delay, given the freedom to amend the commercial banks, more dependency on the independent rating agency to verify credit susceptibility.

According to him, the strict surveillance of the advantage gained from Basel II, but it is apparent that there is flexibility for the banks. Dmitry Basel III in his famous book, The Devil in Global Banking and wrote, The government and the regulators, the nondescript (hybrid) capital risks, customer credit ratings and tasteless speculation activities include the financial means to do was sit and pretend to be disabled, The non-stop money machines to meet social or commercial purposes, rather than for the sake of his work has been. Curiously forgot to commercial banks, their first and foremost role of the institution as a recipient of deposits'. Dmitry laments this critical moment that 2007 of the world's financial regulatory institutions, as well as the US subprime symptoms and then, pointed to the government, it is clear Because he meant 'tasteless financial instrument '(unsavory Financial Instruments) to paint the name on the credit equipment mean the high plunderer. So the American glass-Steagall act Basel-3 through legislation, says the need for global restoration.

General readers should be built, in 1929 the high declination of American stock market policymakers quarter after the Great Depression and later realized, the mastermind of this disaster commercial banks. Because they ignore the main banking activities were more enthusiastic to invest in the share market. Even as the share of its own capital investment, the depositors' money by investing in a high unlimited risk.Such activity was made in 1933 to prevent the banks from the glass-Steagall act, which is a clear line between the commercial banks and investment banks is made. It was abolished in 1999, 66 years after the enactment of the law against a new law was introduced, allowing banks to own stock brokerage houses are able to invest.

However, the bank's huge capital and a large share of the activities that could contribute to the immense body has to draw the line between banks and investment banks. This line is not very effective because the Banking Act reinstated Dmitry glass-Steagall claimed. Dmitry wrote in his book, Commercial banking is not a secure individual, family or organization can not be confident about the security of their money deposited in the bank to be able to make payments, settlement, money transfer, or credit clearing to rely on.

To prevent or to manage this type of financial mismanagement and corruption, a substantial amount of capital banks must keep in reserve for the implementation of the introduction of Basel -3.Because taxpayer money to rescue banks capital deficit able repetition is not recommended. Basel-II capital than the Basel-3 in the re-definition of the important elements of the system has been further integrated. Designation of new capital from the third level (Tier 3), besides the capital (Tier 1) and the second level (Tier II) capital has been kept in order to strengthen the first level.

According to the document of  Basel-3, the first level capital is 'Going-Concern Capital'. It's two parts again, common equity tier (level) 1 and the additional (additional) level 1. The first will be paid up capital, share premium, statutory reserves, general reserves and undistributed profit (retained earning), and so on. According to the document, the second level of public capital -3 Basel Capital Concern. In addition, the liquidity crisis banks have been prepared to uphold the protection of liquidity ratio (liquidity coverage ratio) and net stable funding ratio (net stable funding ratio). A month-long crisis in the first period and the second is to preserve liquidity necessary to meet the one-year liquidity provision system.

This document does not go into the technical details of the new word is, it's such a mechanism, through which banks during the financial crisis, with its capital in order to cope with adverse circumstances. In order to ensure the safety of these banks will be enough to save the capital.

Another notable Loading documents Basel-3 minimum capital treasures of additional capital (Capital Conservation Buffer), which can be tackled with a crisis situation, the lack of capital. The banks will have to create a buffer from its own sources, namely the distribution of dividends, repurchase of its own shares, bonus, etc. employees.If capital can be collected from other sources, it is possible to create these additional buffer. As part of the implementation of the Basel-3, from 2016 to dec-2019 this additional capital like respectively .625%, 1.25%, 1.875%, 2.5% have to be reserved.

If any of the banks to maintain capital above the minimum rate of all sectors of the buffer may not be the bank of any cash dividend or bonus will not be able to pay. However, only with the prior approval of the Central Bank will be able to issue bonus shares. Thus, in various sectors and the provision of capital by maintaining a minimum capital adequacy rate from 2016 to since 2019 will be respectively 10.625 %, 11.25 %, 11.875 % & 12.50 %. 

Basel-3 under the instruction has been given to the preservation of capital, the arguments against him have been raised from various banks and government, Dmitry them in his book merely for their political gains, 'hypocrisy', argues strongly criticized. He is the Chief Financial Officer for the failure of the Basel capital instrument, the chief executive and managers responsible for maintaining the provisions criticized, It is the capital adequacy of the budget and the actual achievements to constant surveillance. Basel-3 Full implementation of the period until 2019, he expressed dissatisfaction with the prolonged. According to him, the 'now' should be implemented. It is the implementation of the long-term and other incoherence, he has called 'great compromise' as well.

His book does not show much Dimitri anger, Bangladesh Feel free to talk in terms of the Basel document set a minimum capital of 8 percent, but the rates have been set for our banks to 10 percent, up 1 percent to 50 percent in 2019 with buffered capital. We, like other countries, to protect the capital from the Basel Committee for concessions did not eve. Dmitry dissatisfaction or concern does not apply to us for our banking profits should smugness.

Junk credit rating agencies by the start-up of some of our financial health of the bank or the borrower's corporate credit rating of some banks in the developed world compared to the apparently acceptable, though bargaining our banking situation is not too strong.The new generation of banks that preserve capital in difficult conditions to protect the shore can not play at all, we will continue with the truth so that the banks can manage their own capital without any adverse situation.

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Features and Functions of Insurance.

Features of Insurance

The decision whether to buy an Insurance policy now or later always confuses the people because at one hand you have to pay a premium which is an expense and on the other hand you have the benefit of your loss getting covered by insurance company in the event of any contingency.

Before deciding whether to take insurance or not one should know the features of insurance, given below are some of the features of insurance –

1. Insurance (excluding life insurance which tends to pay after certain period of time) is not an investment rather it is a hedge against the future probable losses.

2. It gives you the comfort that in the event of any loss from unforeseen events will be compensated by the insurance companies.

3. One has to pay premiums regularly to the companies providing insurance in order to enjoy the benefits of insurance.

4. It can be of many types like life insurance, fire, marine, health insurance and so on and one can take any of the above polices depending on the risk with which an individual is exposed to.

5. Insurance policies can be modified and offered to people depending on their risk profile and the need of the insurer.

6. There is a limit to the amount by which an insurance company will compensate for the loss incurred by the insurer.

7. The amount is mentioned in the insurance policy and the more the amount of insurance cover the more will be the premium which one has to pay to the company.

8. A person can take more than one policy, in other words there are no restrictions on the number of policies, which one can take.

Functions of Insurance Companies.

You might be wondering as you are facing another high insurance bill, why do we need insurance? It may seem as if the only function of insurance companies is to take your money, but that is not their only function. If you are to have a loss, all of those insurance premium payments will be well worth it. Insurance can serve as your umbrella against a storm of financial losses.

Restore Loss

An insurance company's main function is to restore you back to the condition you were in before a loss. Some people think if they have multiple insurance policies, they will get more money for an item. They are wrong. Over insuring an item is a waste of your money. Insurance companies will not pay you for more than an item is worth. In the event there are more than one insurance carriers, the insurance will be paid based on the percentage of insurance. 

For example, if you break a vase worth $100 and own two policies each written to cover the full amount of $100, you will not get $200 for the vase. Instead, the first insurance company will cover 50 percent, and the next will cover the other 50 percent. Insurance will not let you profit from a loss.

Spread Risk

Another function of insurance companies is to spread risk. Reinsurance is when one insurance company will turn to another to spread risks over a set amount. Insurance companies wouldn't function after a natural disaster without reinsurance.

Protection

Insurance is paying for a certain set amount to protect yourself from having to possibly pay a higher amount. Some insurance companies started as a group of individuals who pooled their money to cover any disasters that might occur to the individual. It is a community mindset similar to barn raising in which a whole community would gather to help build a barn for one family. You pay a set premium amount for coverage you may not need, but if you do need it, the money is there.

Safety

Safety is a big concern for insurance companies. Insurance lobbyist campaign for changes to laws to ensure drivers are following safer driving techniques. The Insurance Institute for Highway Safety is a scientific and educational organization funded by insurance companies. Their goal is to reduce losses from auto accidents on the road.

Profit

Insurance companies care about your safety, but not from an altruistic point of view. An insurance company's main function is to make a profit. They are a business. This is one thing many consumers tend to forget. Drivers get upset if their insurance rates go up after too many not-at-fault accidents and say it is unfair for the insurance company to punish them when it is not their fault. What they fail to realize is, from a business prospective, a loss is a loss, regardless of who is at fault. If your driving behavior causes losses, your rates will go up to cover those potential losses. If your car is a magnet for hit and runs, your insurance company will raise your rates to protect against your pattern of losses. Is it fair? No, but it is good business.

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Swift code or BIC code of All Banks of India.

NAME OF THE BANK	LOCATION		Swift Code / BIC
1. AB BANK LTD.	LIBERTY BUILDING, NEW MARINE LINES, 41/42 SIR VITHALDAS THACKERSAY, MUMBAI-400020.		ABBLINBB
2. ABHYUDAYA CO-OPERATIVE BANK LTD.	GURUKRUPA CHS LTD., OPP. PLAZA CINEN CKELKAR ROAD, MUMBAI- 400028.		ACBLINBB
3. ABU DHABI COMMERCIAL BANK	REHMAT MANZIL, VEER NARIMAN ROAD, CHURCHGATE, Mumbai- 400020.		ADCBINBB
4. ALLAHABAD BANK	WHITE HOUSE, GROUNDFLOOR, 119 PARK STREET, Kalkata (CALCUTTA)		ALLAINBB
5. ANDHRA BANK	FARIDABAD, HYDERABAD		ANDBINBB
6. ANZ BANKING GROUP LTD.	CYNERGY, GROUND FLOOR, APPA SAHEB MARATHE MARG PRABHADEVI UNIT A-1, MUMBAI- 400025.		ANZBINBX
7. AXIS BANK LTD.	MAKER TOWER, CUFFE PARADE, MUMBAI.-400005		AXISINBB
8. BANK INTERNASIONAL INDONESIA	INDIABULLS CENTRE, TOWER 2B, FLOOR 7, ELPHINSTONE ROAD (WEST), 702, MUMBAI.- 400013.		IBBKINBB
9. BANK OF AMERICA, N.A.	J K MILLENNIUM CENTRE, FLOOR 5, BLOCK B, 46 D JAWAHARLAL NEHRU ROAD , KOLKATA (CALCUTTA)		BOFAIN4X
10. BANK OF BAHRAIN AND KUWAIT B.S.C.	JOLLYMAKER CHAMBERS II, GROUND FLOOR, NARIMAN POINT, MUMBAI		BBKUINBB
11. BANK OF BARODA	NANI, KHATRIWAD, BULSAR, GUJARAT -396001.		BARBINBB
12. BANK OF INDIA	STAR HOUSE,C - 5, 'G' Block, Bandra Kurla Complex, Bandra (East), Mumbai- 400 051.		BKIDINBB
13. Bank of Maharashtra	'Lokmangal',  1501, Shivajinagar, Pune-411005.		MAHBINBB
14. THE BANK OF NOVA SCOTIA	MITTAL TOWER, B WING, NARIMAN POINT, MUMBAI- 400 021.		NBNOSCIB
15. THE BANK OF TOKYO-MITSUBISHI UFJ, LTD	CHENNAI, MADRAS		BOTKIN5M
16. BARCLAYS BANK PLC	MUMBAI		BARCINBB
17. BASSEIN CATHOLIC CO-OPERATIVE BANK Ltd	VASAI ROAD (WEST)		BSSEINBB
18. BNP PARIBAS INDIA	MUMBAI		BNPAINBB
19. BOMBAY MERCANTILE COOPERATIVE BANK LTD	MUMBAI		BMCBINBB
20. BOMBAY STOCK EXCHANGE LTD	MUMBAI		XBOMINBB
21. CANARA BANK	12, Jayachamaraja Wodeyar Rd, Kumbaragundi, Sampangi Rama Nagar, Bengaluru, Karnataka 560002, India		CNRBINBB
22. CENTRAL BANK OF INDIA	Chander Mukhi, Nariman Point, Mumbai, Maharashtra, India.		CBININBB
23. CITI BANK N.A.	Citibank Centre, 9th Floor, Plot No C 54, 55 & 61, Block G, Bandra East, Mumbai - 400051, Bandra Kurla Complex		CITIINBX
24. CITY UNION BANK LTD	CHENNAI (MADRAS)		CIUBIN5M
25. CORPORATION BANK	DELHI		CORPINBB
26. CREDIT AGRICOLE CIB	MUMBAI		CRLYINBB
27. CREDIT SUISSE AG	MUMBAI		CRESINBB
28. CTBC BANK CO. LTD	NEW DELHI		CTCBINDD
29. DCB BANK LIMITED	MUMBAI		DCBLINBB
30. DENA BANK	MUMBAI		BKDNINBB
31. DEUTSCHE BANK AG	MUMBAI		DEUTINBB
32. DHANLAXMI BANK LTD	MUMBAI		DLXBINBB
33. DOHA BANK Q.S.C	MUMBAI		OIBAINBB
34. EXPORT-IMPORT BANK OF INDIA	MUMBAI		EIBIINBB
35. THE FEDERAL BANK LTD.	MUMBAI		FDRLINBB
36. FIRSTRAND BANK LIMITED	MUMBAI		FIRNINBB
37. HDFC BANK LIMITED	MUMBAI		HDFCINBB
38. THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED	MUMBAI		HSBCINBB
39. ICICI BANK LIMITED (ERSTWHILE THE BANK OF RAJASTHAN LTD.)	MUMBAI		BRAJINBB
40. IDBI BANK LIMITED	MUMBAI		IBKLINBB
41. IFCI LIMITED	NEW DELHI		IFCIINDD
42.INDIAN BANK	MUMBAI		IDIBINBB
43. INDIAN OVERSEAS BANK	CHENNAI (MADRAS)		IOBAINBB
44. INDUSIND BANK LIMITED	MUMBAI		INDBINBB
45. INDUSTRIAL AND COMMERCIAL BANK OF CHINA	MUMBAI		ICBKINBB
46. JAMMU AND KASHMIR BANK LTD	MUMBAI		JAKAINBB
47. JPMORGAN CHASE BANK, N.A	MUMBAI		CHASINBX
48. JSC VTB BANK,	NEW DELHI		VTBRINDD
49. KARNATAKA BANK LTD.	MUMBAI		KARBINBB
50. THE KARUR VYSYA BANK LTD.	MUMBAI		KVBLINBB
51. KBC BANK N.V.	MUMBAI		ADIAINBB
52. KEB HANA BANK,	CHENNAI (MADRAS)		KOEXIN55
53. KOTAK MAHINDRA BANK LIMITED	MUMBAI		KKBKINBB
54. KOTAK MAHINDRA BANK LIMITED (ERSTWHILE ING VYSYA BANK LTD)	MUMBAI		INBBVYSA
55. KRUNG THAI BANK PUBLIC COMPANY LTD.	MUMBAI		KRTHINBB
56.THE.MAHARASHTRA STATE CO-OPERATIVE BANK LTD.	MUMBAI		MSCIINBB
57. MASHREQ BANK	MUMBAI		MSHQINBB
58. MIZUHO BANK, LTD	MUMBAI		MHCBINBB
59.NATIONAL AUSTRALIA BANK LTD	MUMBAI		NATAINBB
60.NATIONAL BANK OF ABU DHABI	MUMBAI		NBADINBB
61. NKGSB CO OP BANK LTD.	MUMBAI		NKGSINBB
62.ORIENTAL BANK OF COMMERCE	MUMBAI		ORBCINBB
63. PUNJAB & MAHARASHTRA COOPERATIVE BANK LIMITED	MUMBAI		PMCBINBB
64. PUNJAB AND SIND BANK	NEW DELHI		PSIBINBB
65. PUNJAB NATIONAL BANK	MUMBAI		PUNBINBB
66. RABO BANK INTERNATIONAL	MUMBAI		RABOINBB
67. RBL BANK LTD. (FORMERLY: THE RATNAKAR BANK LTD.)	MUMBAI		RATNINBB
68. RELIANCE INDUSTRIES LTD.	MUMBAI		REILINBB
69. RESERVE BANK OF INDIA	MUMBAI		RBISINBB
70. SBERBANK	NEW DELHI		SABRINDD
71. SBI CUSTODIAL SERVICES PRIVATE LTD.	MUMBAI		SBSGINBB
72. SBI FUNDS MANAGEMENT PVT LTD	MUMBAI		SBMFINBB
73. SBM BANK (MAURITIUS) LTD.	MUMBAI		STCBINBX
74. SHINHAN BANK	MUMBAI		SHBKINBB
75. SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA	MUMBAI		SIDBINBB
76. SOCIETE GENERALE	MUMBAI		SOGEINBB
77. SONALI BANK	KOLKATA (CALCUTTA)		BSONINCC
76. THE SOUTH INDIAN BANK LTD.	KOCHI		SOININ55
77. STANDARD CHARTERED BANK	MUMBAI		SCBLINBB
78. STATE BANK OF BIKANER AND JAIPUR	NEW DELHI		SBBJINBB
79. STATE BANK OF HYDERABAD	MUMBAI		SBHYINBB
80.STATE BANK OF INDIA	MUMBAI		SBININBB
81. STATE BANK OF MYSORE	MAHARASTRA		SBMYINBB
82. STATE BANK OF PATIALA	MUMBAI		STBPINBB
83. STATE BANK OF TRAVANCORE	MUMBAI		SBTRINBB
84. STOCK HOLDING CORPORATION OF INDIA LTD.	MUMBAI		SHCIINBB
85. SUMITOMO MITSUI BANKING CORPORATION	NEW DELHI		SMBCINDD
86. SYNDICATE BANK	MUMBAI		SYNBINBB
87. THE SHAMRAO VITHAL CO-OPERATIVE BANK LIMITED	MUMBAI		SVCBINBB
88. THOMAS COOK LTD.	MUMBAI		TCILINBB
89. TJSB SAHAKARI BANK LTD.	THANE		TJSKINBB
90. UCO BANK	MUMBAI		UCBAINBB
91. UNION BANK OF INDIA	MUMBAI		UBININBB
92. UNITED OVERSEAS BANK LIMITED	MUMBAI		UOVBINBB
93. VIJAYA BANK	NEW DELHI		VIJBINBB
94. WESTPAC BANKING CORPORATION	MUMBAI		WPACINBB
95. WOORI BANK	CHENNAI (MADRAS)		HVBKIN5M
96. YES BANK LIMITED	MUMBAI		YESBINBB

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