Examples of Subsidiary Banks in a sentence
However payment of any such amount by way of Bank Guarantee, if so permitted as per Bid documents / RFP should be from any nationalized Bank other than SBI or its Subsidiary Banks and promising payment of the guaranteed sum to the BUYER on demand within three working days without any demur whatsoever and without seeking any reasons whatsoever.
ANNEXURE-I(c) PERFORMANCE GUARANTEE( PROFORMA OF BANK GUARANTEE ) THIS DEED OF GUARANTEE made and executed on the day of(year), by the (Bank), registered under the Companies Act 1956/Nationalised Bank constituted under the Banking Companies (acquisition and transfer of undertakings) Act constituted under the State Bank of India Act / Subsidiary Banks Act, having its registered / head office at represented herein by its Branch Manager /authorised representative Sri.
The allowance for probable loan losses primarily consists of the aggregate loan loss allowances of the Subsidiary Banks.
Certain of the Subsidiary Banks also provide services to key market segments through their women’s financial, diverse markets, private client services, and executive banking groups.
The Subsidiary Banks each operate under a different name and each has its own board of directors, chief executive officer, and management team.