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		Bank of Ceylon
				The Bank of Ceylon has its office and branch in Chennai, India. The bank was set up and started its operations in Sri Lanka in the year 1939. Since its inception, the bank has been providing customized solutions and services in a number of financial fields and segments to become a trusted name in the banking industry. The Bank of Ceylon India is also known as Ceylon Bank. Bank of Ceylon India offers an array of specialized facilities and services for its customers.
		The best think about these services is that they are designed keeping in mind the changing trends in the market. By being a customer of the bank, customers and enjoy great financial stability. Due to the high quality corporate banking facilities, renowned corporate houses and companies are becoming trusted customers of the Ceylon Bank. The corporate banking services offer the customized services which are meant to fulfill various business and marketing needs of the companies in India.
		Bank of Ceylon India Head Office No.1090 Poonamallee High Road Chennai 600 084 Tel:  +91 44 2642 0972 - 74 Fax: +91 44 2532 5590 Website: www.boc.lk Banking Hours‎: Mon - Fri : 9.30am - 5.00pm‎ Swift Code : BCEYIN5M
Foreign banks like Bank of Ceylon have brought latest technology and latest banking practices in India. They have helped made Indian Banking system more competitive and efficient. Government has come up with a road map for expansion of foreign banks in India. The road map has two phases. During the first phase between March 2005 and March 2009, foreign banks may establish a presence by way of setting up a wholly owned subsidiary (WOS) or conversion of existing branches into a WOS. The second phase commenced on April 2009 after a review of the experience gained after due consultation with all the stake holders in the banking sector. The review has examined issues concerning extension of national treatment to WOS, dilution of stake and permitting mergers/acquisitions of any private sector banks in India by a foreign bank.
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