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Home » Foreign Banks in India » Cho Hung Bank India | |||||||||||||||||
Cho Hung Bank |
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Cho Hung Bank (CHB) was a bank company headquartered in Seoul, South Korea. It was one of the oldest banks in Korea, having been established on February 1, 1897. CHB was merged with Shinhan Bank on April 2, 2006 and it operates at 560 domestic and international branch locations. CHB in India offers to its customers top quality credit facilities, wide range of deposit products, NRI services, a fully equipped dealing room and a strong remittances department to give a complete banking experience. |
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Cho Hung Bank specializes in providing structured finance to mid corporate and in the SME region. CHB branch in India are equipped with full fledged NRI desk that cater to variety of needs of Non-Resident Indians like personalized banking, equity broking and wealth management. |
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Foreign Banks like Cho Hung Bank in India always brought an explanation about the prompt services to customers. After the set up foreign banks in India, the banking sector in India also become competitive and accretive. New rules announced by the Reserve Bank of India (RBI) for the foreign banks in India in Budget 2009 has put up great hopes among foreign banks which allows them to grow unfettered. Now foreign banks in India are permitted to set up local subsidiaries. The policy conveys that foreign banks in India may not acquire Indian ones (except for weak banks identified by the RBI, on its terms) and their Indian subsidiaries will not be able to open branches freely. Please see the list of Foreign banks in India till date. |
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