Centurion Bank has an extensive network of branches across India. Major
shareholders of the Bank are Bank Muscat, Sabre Capital, Keppel
Corporation, Singapore and Asian Development Bank.
Centurion Bank has merged with Bank of Punjab on June 29, 2005 to form
Centurion Bank of Punjab at swap ratio to 4:9. This mean that for every
four shares of Bank of Punjab, its shareholders will receive nine shares
of Cunturion Bank.
The following is the pro-forma combined figures as of March 2005:
| Branches and ext. Counters
|
235 |
| ATMs |
382 |
| Number of Customers |
2.2 million |
| Net Worth (Rs. Crores) |
696 |
| Total Assets |
9,395 |
| Deposits (Rs. Crores) |
7,837 |
| Operating Profit (Rs. Crores) |
43 |
Centurion Bank NRI Services
Centurion Bank offers the following services to NRIs:
Bank Accounts and Deposits
- NRE Accounts - Principal/interest repatriable
- FCNR(B) - Principal/interest repatriable
- NRO Accounts - Current earnings repatriable
- Repatriation from NRO Balances
Other Investments on repatriation basis
- Government dated securities/treasury bills.
- Units of domestic mutual funds.
- Bonds issued by a public sector undertaking (PSU) in India.
- Shares in Public Sector Enterprises being dis-invested by the
Government of India, provided the purchase is in accordance with the
terms and conditions stipulated in the notice inviting bids.
- Shares and convertible debentures of Indian companies under FDI
scheme (including automatic route & FIPB).
- Shares and convertible debentures of Indian companies through
stock exchange under Portfolio Investment Scheme.
Other Investments on
non-repatriation basis
- Units of Money Market Mutual Funds in India.
- The capital of a firm or proprietary concern in India, not
engaged in any agricultural or plantation activity or real estate
business.
- Deposits with a company registered under the Companies Act, 1956
including NBFC registered with RBI, or a body corporate created
under an Act of Parliament or State Legislature, a proprietorship
concern or a firm out of rupee funds which do not represent inward
remittances or transfer from NRE/FCNR(B) Accounts into the NRO
Account.
Investment in immovable Property
- May acquire immovable property in India other than
agricultural/plantation property or a farmhouse out of repatriable
and non repatriable funds
- Housing Loan in rupees availed of by NRIs from ADs/Housing
Financial Institutions can be repaid by the close relatives in India
of the borrower.
May repatriate
- Sale proceeds of immovable property acquired in India to the
extent of repatriable funds used for acquiring the property, without
any lock-in period, upto two residential properties. The balance
will be repatriable through NRO Account subject to conditions
mentioned at item (I)(d).
- Refund of (a) application/earnest money/purchase consideration
made by house-building agencies/seller on account of non-allotment
of flats/plots and (b) cancellation of booking/deals for purchase of
residential/commercial properties, together with interest, net of
taxes, provided original payment is made out of NRE/FCNR(B)
account/inward remittances.
Facilities to returning NRIs/PIOs
- May continue to hold, own, transfer or invest in foreign
currency, foreign security or any immovable property situated
outside India, if such currency, security or property was acquired,
held or owned when resident outside India.
- May open, hold and maintain with an authorised dealer in India a
Resident Foreign Currency (RFC) Account to transfer balances held in
NRE/FCNR(B) accounts. Proceeds of assets held outside India at the
time of return, can be credited to RFC account. The funds in RFC
accounts are free from all restrictions regarding utilisation of
foreign currency balances including any restriction on investment in
any form outside India.
Centurion Bank e-Pay Solutions
e-Pay payment solution facilitates a flexible, secure and a medium
independent payment gateway service to online merchants and businesses.
The merchants need not deviate from their customary operating
procedures, as the solution slots into transaction systems that are
already in place providing a secure payment authentication mechanism for
settlement of transactions in various modes.
Centurion Bank offers solutions for the following:
- B2B (Business-to-Business)
- B2C (Business-to-Consumer)
- Supply Chain integration with ERPs and SCM platforms
Centurion Bank Offices
Corporate Office
1201, Raheja Centre,
Free Press Journal Marg,
Nariman Point,
Mumbai - 400 021.
Tel: +91-22- 22047234/22047238
Fax: +91-22-22845860
Administrative Office
Centurion Bank Limited
Central Bombay Infotech Park
Ground Floor, 101
K. Khadye Marg
Mahalaxmi, Mumbai 400 011.
Board No. +91-22- 5554 0000
Fax No. +91-22- 5554 0011/22
Website of Centurion Bank
www.centurionbank.com
