Abu Dhabi Commercial Bank
Abu Dhabi Commercial Bank (ADCB) is one of largest commercial banks in United Arab Emirates (UAE).
ADCB was incorporated in UAE in July 1985 merging three major UAE banks such as Emirates Commercial Bank, the Federal Commercial Bank as well as Khalij Commercial Bank.
The ADCB plays a vital role in the banking systems of UAE, providing various financial services to its customers.
The advent of advanced communication facilities, cutting edge technology and efficient financial services further augmented the growth prospects.
Abu Dhabi Commercial Bank, India
Besides UAE, the Abu Dhabi Commercial Bank has branches only in India. ADCB is one of the most frequently used foreign banks in India by people working in the Middle East. ADCB has two branches one at Mumbai, the commercial capital of India and the second the other at Bangalore, the Silicon Valley of India.
Strong trading ties between India and UAE and the large number of NRI population in Emirates are the boosting factors for ADCB growth in India. Opening up of economy and globalization has facilitated growth of foreign banks in India. Taking advantage of favorable economic climate, ADBC has spread its wings in India.
Abu Dhabi Commercial Bank offers various financial services to different segments such as Individuals, SMEs, and Big Corporate. As a customer centric organization ADCB India provides efficient bank services to its customers and enjoys a strong customer hold of over 14,000 consisting individual professionals as well business firms.
ADCB has very strong reputation among NRI due to its excellent financial services. Abu Dhabi Commercial Bank services and products include Deposit Accounts, ATM Services, Corporate Banking, Loans, NRI Banking, Depository Services and Portfolio services. ADBC has recently introduced specialized NRI service, Portfolio Investment Scheme.
The new Foreign Currency Loans in India against "FCNR (B)" Deposits scheme received good response from NRI. Under this scheme now NRIs can apply for a foreign currency loan in India against FCNR (B) deposits.
ADCB is also providing Foreign Exchange facilities to resident Indians for undertaking travel aboard. An individual can avail up to $100,000 Foreign Exchange for travel with self certifications. Students can also benefit by this scheme to fund their study abroad. ADCB provides International Credit cards that can be used anywhere in the global ATM network.