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Canara Bank established its international division in 1976. In 1983, Canara Bank opened its first overseas office, a branch in London. Two years later, Canara Bank established a subsidiary in Hong Kong, Indo Hong Kong International Finance. In 2008–9, Canara Bank opened its third foreign operation, this one a branch in Shanghai.
As one of the top five financial centres worldwide, Hong Kong has one of the highest concentrations of banking institutions in the world, with 70 of the largest 100 banks in the world having an operation in Hong Kong. As of 2019, there were 164 licensed banks, 17 restricted licence banks and 13 deposit-taking companies in business, constituting ...
Canara HSBC Life Insurance is an Indian life insurance company, headquartered in Gurugram. [5] Established in 2008, Canara HSBC Life Insurance [6] was a joint venture between Canara Bank (51%), HSBC Insurance (Asia Pacific) Holdings Limited (26%) and Punjab National Bank (23%). On 15 June 2022, the company renamed itself as Canara HSBC Life ...
UCO Bank is the only Government of India owned bank in the east India. UCO Bank's headquarter is in BTM Sarani, Kolkata. As of 31 March 2024 the bank had 4,000 plus service units & 43 zonal offices spread all over India. It also has two overseas branches in Singapore and Hong Kong . UCO bank is one of the special bank which facilitates the ...
Founded in 1970, HSBC Insurance (Asia-Pacific) Holdings Limited was named in 1996 and is now the holding company of HSBC Insurance (Asia) Limited, which in turn wholly owns HSBC Life (International) Limited. Since then, HSBC Insurance has further consolidated its operations in other locations such as Singapore, India, Malaysia and mainland China.
Vincent Cheng. Vincent Cheng Hoi-Chuen GBS OBE JP ( Chinese: 鄭海泉, 16 July 1948 – 28 August 2022) [4] was a Hong Kong banker who was an executive director of HSBC Holdings plc. He was also chairman of The Hongkong and Shanghai Banking Corporation Limited, the Asia-Pacific branch of HSBC, and founding member of the group, from 2005 to 2010.
Bank of Baroda bought out its partners in IUB International Finance in Hong Kong in 1998. Apparently this was a response to regulatory changes following Hong Kong's reversion to Chinese control. IUB became Bank of Baroda (Hong Kong), a restricted licence bank.
HSBC is one of the three commercial banks which are authorised to issue banknotes for Hong Kong - the other two being the Bank of China (Hong Kong) and Standard Chartered Bank (Hong Kong). [6] Of the total notes in circulation measured by value, HSBC is the most prolific issuer, its notes representing 67.7% of those in issue.