Washington Mutual Bank was honored with the title of Excellent Corporate citizens by Business ethics. Its long suit in the field of Home loans has made it emerge in several areas related to loan products such as adjustable-rate, fixed rate and hybrid loans. Washington Mutual Bank's endeavor also lies in the realm of insurance products that correlate to the loan products which include life insurance and other services.

The history of Washington Mutual Bank dates back to its origin in 1889, after which it changed its name to Washington Savings and Loan association. Then again it operated under its name of Washington Mutual Savings Bank. At that particular time it had around 16000 deposit owners. This took place during the First World War when the United states entered the scenario of war. Meanwhile Washington Mutual Bank's assets augmented to 68 percent. During the Great depression period in 1930, Washington Mutual Bank liberated continental mutual bank from financial ordeal.

In the recent times, as early as September 2008, the OTS annexed Washington Mutual Savings Bank from Washington Mutual and allotted it to the FDIC. The cessation of Washington Mutual Bank is considered to be the most substantial breakdown in the financial history of America. Before the deflation, Washington Mutual Bank's position was ranked 6th in the largest bakes league in the United States.

In the year 1983, Washington Mutual Bank demutualized to become a public company inspire of its name continuing to be Washington Mutual Bank. Washington Mutual Bank procured various acquisitions in the view of developing the organization.

With the concept of appropriation of companies like PNC mortgage and Home side Lending, Washington Mutual Bank stationed itself to the third position of the mortgage lender among the other companies in the United States.

Virtual Banks are also known as Internet banks. These banks have a cost saving feature. SFNB which means Security First Network Bank was the 1st virtual bank to work full functionally, whose operation began on 18th October, 1995.This bank was the first bank which got insured by Federal Deposit Insurance Corporation. It got acquired by Royal Bank of Canada after three years of its operation.

The 1st virtual bank in Asia was finatiQ which was a division of the Singapore Bank. FinatiQ was opened in 2000 on April 3rd.

OBJECTIVE:
The bank’s objective is to promote thrift, banking habit and entrepreneurship among the community of farming.

DEPOSIT SCHEME:
The bank offers the regular deposits such as current account, savings account.Apart from these deposits, it also provides a variety of term deposits to the customers of the bank. It also offers a scheme known as V-Star Savings Scheme which is an exclusive one.

V-Star Savings Scheme:
The bank provides two variety of loans under this scheme of saving.This scheme is for the depositors who have a monthly balance of minimum 5000 rupees during past 6 months.The interest rate is 1.5% lesser than the interest rate which is in the scheme.On the revolving basis, the current loans are extended.

Term Deposits:
1. Scheme of Recurring Deposit:Here the choice is left for the customers to choose whether it is variable or fixed monthly instalments.The period ranges from 6 months to 120 months with minimum of 10 rupees or its multiples.
2. VCC (Vijaya Cash Certificate):In this, with compound interest, it facilitates the customers to build capital.
3. Vijaya Stock Invest Deposit Scheme:In this account, by investing at 100 rupees, the customers are benefited by investing their money in shares and stocks.Partial amounts can be with drawn by the corresponding share holder.It is convenient, high-yielding and flexible.
4. Vijaya Shree units:The deposit amount is minimum 50 rupees. It ranges to a period of 15 days to 10 years.
5. Jeevan Nidhi:In this, collection of money is facilitated from door step.the deposit amount is minimum of 1 rupee.The deposit period may be 12 months or 39 months or 63 months.
6. Capital Gains Account Scheme:From Capital gains, to get the exemption benefit, this scheme helps a lot for an assessee of income tax.

CREDIT CARDS:
The credit cards offered by the bank are Classic, gold visa or master card, corporate card, international visa gold coins and global cards.

NRI SERVICES:
The services offered to the NRIs by the bank are NRE, non resident ordinary account, FCNR(B), RFC account.

LOANS PROVIDED FOR THE NRIs:
The loans given to the NRIs are loans against securities,shares and immovable properties and housing loan.

HISTORY:
In the year 1936, W.G aka Annasaheb Chirmule formed this bank.In the year 1951, the Scheduled Bank status was acquired by the bank. With Union Bank of Kolhapur, the bank merged in 1956. In 1961, the bank merged with Satara Swadeshi Commercial Bank Limited. In 1947, it acquired “A” class and in 1969, it acquired ‘B’ class.

MERGER OF UWB & IDBI:
In the year 1964, as a Financial Development Institution, IDBI has been formed.Later in the name of Industrial Development Bank of India Limited, it has become full-fledged banking company in the commercial field.The bank provides diverse services in agri-products, corporate banking, SME Finance and retail sector.In the year 2006, on 3rd October, IDBI and UWB merged.Since then, all the branches of UWB have been working as IDBI branches.If the customer has availed or deposited his money in any one of the UWB branches, that customer can continue to use to the services and his account from the IDBI bank i.e. he can use them as the customer of IDBI

UNITED WESTERN BANK CREDIT CARD:
The bank offers credit card to the persons if their annual income is greater than 60,000 rupees on an average.The credit card’s privileges are insurance of air travel of 2 lakh rupees, mutilated card replacement during emergency, insurance of personal accident of 1 lakh rupees, with drawl of cash in a month only for 2 occasions upto 5000 rupees, for booking air travel and rail tickets it is accepted, automatic renewal is accepted.

NRI SERVICES:
The bank offers two schemes of deposits to the NRIs such as Non-Resident Account(which is external), Foreign Currency Non Resident Account.

AWARDS:
1. MIS Asia IT Excellence Award-MIS Asia.
2. Best Annual Report-Lafferty’s Asia Bank Corporate Reporting Awards.
3. Best Local Cash Management Malaysia-Asiamoney Summer Awards
4. Best Domestic Equity House,Malaysia- Asiamoney Summer Awards and many more.

HEAD OFFICE:
The United Western Bank Ltd.
172/4, Raviwar Peth, U.W.B. Building,
Powai Naka, Shivaji Circle,
Satara - 415001
Phone : +91 (2162) 231722, 231723, 232912, 232913
E-mail : uwb@uwbankindia.com

CORPORATE OFFICE:
Department of Corporate Affairs
161, Mittal Court, `C' Wing, 16th Floor,
Nariman Point, Mumbai - 400 021
Phone : +91 (22) 22852312, 22825021, 22843636
Fax : +91 (22) 22831021

The bank offers a large range of financial products. Customer service is not at all satisfactory ands same is the case when it comes out to the interaction between customer and the staff. UFB direct lacks well managed and trained staff that’s the reason which makes all the difference about the banking services. There exists no minimum deposit to open an account and monthly balance is not necessary. Interest rates offered by this bank is competitive as its APY is 5.31%.Check writing privileges are provided by the UFB direct and if a client writes more than 3 checks per month ,a charge of $10 is to be paid for each check after that. ATM card is offered and ATM fee is refunded. Transferring money in and out is very much difficult in the UFB direct.

The black hole of UFB direct is that Electronic Funding Transfers are not accepted. Deposition of money into the account should be done either by "paying check" or at one of their ATM's.On a regular basis sending money is very difficult and UFB direct cannot be used as a primary source. It is a good place to put the emergency fund so that it can be drawn through ATM.A clear understanding is very much necessary before opening an account in the UFB direct.

The UFB direct remains as a spot in many aspects like customer service, paying bills, banking service, online communication etc....The UFB direct lacks a definite strategy and thus the organization fails to implement its services to the customers. The financial products offered by the UFB direct are worthy in the banking field. The bank fails to withstand the customers interest .UFB direct doesn’t make much of things on its own but waits for the customers to let themselves on a long way. It is drawn back due to poor functioning and weak admistration values.

Lastly...."BANKING WITH UFB DIRECT IS LIKE POKING OUR OWN NOSE AND FEELING THE PAIN”. To be in short it is a "loser’s bank"

In India standard chartered bank is largest bank in international banking sector .the annual balance sheet for this bank in India for the year 2001 march,31is about Rs 51509 cr and holding a combined customer base of about 2.4 million form retail sector and over 1200 from corporate customers
The major share and business for Standard Chartered Bank in India is wealth management and wholesale banking, consumer banking primarily credit cards, personal loans, and mortgages. This bank has got good reputation for few services such as provision of cash management, custody services, treasury, trade, finance.

standard chartered bank has created a history in India by issuing global credit card for the first time in India along with photo card .It even meet the Indian standards for this program and received ISO 9002 certification for this photo card and credit card.

There are few other products that are launched by the standard chartered bank, which have been very famous and innovative in banking industry. 'Sapnay' credit card and debit card which can be accessed in over 1500 visa tam’s .smart credit and overdraft facility for the security and personal loans for the salaried based customers.

In the recent past Standard Chartered Bank acquired Grind lays Bank which belons to ANZ GROUP for about 1.34billion $.this was later on named as Standard Chartered Grind lays Bank and similarly there was other bank which was in credit of scab is Chase Consumer Bank at hong Kong for a .02 billion $ less than the Grind lays Bank.

These are the few varieties of the credit card which are hold by the Standard Chartered Bank:
Standard Chartered Bank Diva, classic, cricket, executive, gold, sapnay and Standard Chartered Grindlays Star TV, Standard Chartered Grindlays Classic Standard Chartered Grindlays Gold. Fro these credit card subs provides little insurance like No Charge Purchase Protection Cover, Add-On Card Cover, Air accident Cover, No Cover Baggage Cover, General Accident Cover, and Credit Shield on death.

Branches for Standard Chartered Bank in India are at Chennai, Guwahati, Ahmedabad, Kanpur, Amritsar, Coimbatore, Kolkata, Bangalore, Ernakulam, Delhi, Noida, Hyderabad, Mumbai, Gurgaon, and Pune.

Standard Chartered Website
www.standardchartered.com
www.standardchartered.co.in

As mentioned above the bank has fully focused mainly on innovation and customer satisfaction through which the bank was awarded a special award of Excellency in the banking technology from IDBRT – the technical wing of the RBI. This award mainly focused on the security policies and information systems in which the bank had par excellence with the other banks.

An innovative step taken by the bank to enlighten the young students about the economic issues and the general knowledge is setting up a forum known as SIB student’s Economic forum. These forums discuss one theme every month in their meeting and are successful in receiving acclaim from the bankers, economists and the students.

Taking into consideration about the bank financial results the bank has net profits of Rs 56.11 cr compared with the previous year having net profits of Rs35.6 Cr as given the Bank. This indicates the strength of the bank and the faith of people with the bank. The survey conducted on the Indian banks during the financial crises in the month of September – October 2008 South India Bank emerged as best performer bank in terms of asset quality. The bank has also been rated as the best “TOP NPA Manager.

Now If you are in kerala and looking to save your hard earned money , deposit money for good interest rate or planning to take home loan or student loan your search ends here. This bank has got all the necessary policies which attract the customers.

Happy Banking!!

The Banks also participates in social welfare programs. In the year 2007 the bank has contributed nearly 43 million dollars towards the welfare of health, education, arts and culture and many more international projects.

This main vision of the bank is to create and seize opportunities to server the customers in better way and over the years they have achieved. They worked as whole team focusing towards the goal and gained customer satisfaction in all the three domains –Domestic, International Banking and Scotia Capital.

Domestic Banking provides an extensive range of banking and investment services to 7 million retail, commercial customers, and small businesses across Canada. In Canada it has more than 1000 branches, Automated Internet Banking Facility, more than 2900 automated machines and nearly 22000 employees with three call centers and 6 commercial business supporting centers. The wealth management group offers a variety range of services and products. It incorporates the personal investment and advisory activities in the Scotia Bank.

International Banking of Scotia bank performs operation in more than 40 countries outside the Canada. There are more than 5 million customers and 34000 employees working in this business line. The international Banking includes the geographic regions Central America, Latin America, Asia and the Caribbean.

Scotia Banking encompasses lending, Investment to government, cooperate and institutional clients. It has more than 17 offices and nearly 300 relation ship mergers. For the fourth consecutive year Scotia Bank has delivered record results.

Facilities offered by State Bank of Travancore to its clients are as follows:

Multi city cheques for its customers who had engaged
themselves in the business field.
Transferring funds is rapidly done.
Operation can be done from any of the branches.
Internet banking, ATM’s turn out to be a flip for the bank.
Personal finance
Deposit schemes
financial trades and services
the fixed deposit account can be opened with a minimum deposit ofrs.1000 .Interest is paid quarterly, half yearly or yearly. For monthlypayment discounted rates are provided. Up to 90% of deposit, loans can
be made available. The bank has even savings account with has certainfeatures like
Suited for persons from all classes.Cheques in Indian and foreign currency can be
collected.Withdrawal facilities are liberalMinor's above 10 yrs can open and operate an account.
Income deduction is not seenthe service levels provided by the bank are really good. The bank istransparent banking organization. It always provides explanations asand when needed by the customers. It is also said to be the honest bankin the contemporary banking world. The terms laid down by this bank areunbeatable. Bank offers high rate of interest and makes transactionsflexible. The work culture seen is a drawing factor. Personal servicesoffered is at high levels. Service is fast enough and it does not allowits customers to undergo any problem.State bank of Travancore are veryhelpful and always willing to solve out the customers problems. Thebank provides best ATM service.

In the present arena, the bank outperformed the market getting itselfto be the best one in banking services. At present equity of the bankis rs.50 crore and face value of the share is rs.100.In the recentpast the bank has improved its credit deposit ratio. Operating profithas steadily increased and non interest income has also pulled up, thusincreasing the treasury. The bank has a present profit of rs.247.13 andhope that it will retain the profit ratio .

A statement can be made regarding the state bank of travancore and is
"BANKING IS PLEASURE".

HEAD OFFICE
Poojappura
Trivandrum 695012
Kerela

The bank has got some unique features, different from other banks and
are as follows:
Minimum deposit is of Rs.10,000
Deposit period is from 1 to 10 years.
Withdrawal is allowed only in the units of 1,000 and
is allowed only up to a certain extent.
Rate of interest is applicable to term deposits.
The scheme is open to all individuals, minors.
When the issue turns out with regard to credit card, the bank has well
designed the features of credit card and are as follows:

Cash access is global
Global acceptance is seen
Credit limit is high, which acts as an outstanding act
from customer’s point of view.
Easy benefits are provide regarding traveling

Codes of conduct of this bank are listed below :

The bank has got minimum standards
Promotes good banking practices
Transparency is seen
Encourages the market forces
Operates to achieve high standards
Cordial relation ship with the members is maintained.
Confidence is assured.

Commitments made by the bank of Saurastra are :

To provide minimum banking facilities
To make sure that the products are in accordance to law and justice
To ensure dealing with principles
To perform secure operation
To increase the reliability of banking and payment system

The usage of account is provided by regular appropriate updates to the
client's. It also informs the changes in interest rates, charges
,terms without any failure. The bank handles complaints properly. It
corrects its mistakes in mean time and acts accordingly to the
situation. The bank provides suitable alternatives to the problems
raised due to technology failures. Also, informs its customers the
changes in terms through pass book, news papers etc. Privacy and
confidentiality is maintained and the bank doesn't reveal information
or data relating to accounts. Accuracy and fast service has made the
bank to become a reputed organization.

State bank of saurastra can be referred as "HARD OAK" among they
seven associates of the state bank of India.