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		Bank of Nova Scotia
				Scotiabank is proud to maintain a strong presence in India with 5 branches in Mumbai, New Delhi, Coimbatore, Bangalore and Hyderabad. Through the branch network and ScotiaMocatta, the Bank are pleased to offer a broad range of corporate and commercial services along with some retail banking products.
		Bank of Nova Scotia is committed to it's clients in India and has a well established track record and market expertise in Indian financial markets.  The bank has carved a niche for itself as a leading global financial firm, one which delivers insightful solutions to clients combined with an extended global reach and a strong emphasis on building long term relationships. The bank's India-based coverage specialists and product professionals work together to leverage Bank of Nova Scotia's global strength to meet clients' comprehensive needs including working capital needs, treasury management, trade finance & solutions, capital raising, risk management, forex and fixed income.
		Bank of Nova Scotia India Head Office 82 C Wing Mittal Tower 8th Floor Nariman Point Mumbai 400 021 Tel:  +91 22 6636 4212 Website: www.scotiabank.com Banking Hours‎: Mon - Fri : 9.30am - 5.00pm‎ Swift Code : NOSCINBB
	Foreign banks like Bank of Nova Scotia 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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