Scotia Bank

Scotia Bank is the second largest bank in Canada and one of the leading North American financial institutions.

Established in 1832, Scotia Bank offers varied range of products to covering all section of clientele such as individual, business, corporate, investment banking. Scotia Bank has employed 47,000 staff in over 2000 branches world wide.

Scotia Bank has a very strong client base with its 12.5 million customer spanning 50 countries across the globe. Scotia Bank concentrates on three core areas.

Retail Banking and Small Business Banking aimed at individual customers and small time business scale community. Wealth Management Services and Insurance services are offered to affluent and High Net worth Individuals. For corporate, this bank offers commercial banking solutions.

Scotia Bank in India
Scotia Bank is one of the main foreign banks in India. This bank operates five branches in India located in New Delhi, Mumbai, Bangalore, Hyderabad and Coimbatore. Under the brand name of “ScotiaMocatta” Scotia Bank offers various range products and financial services to all type of customers such as loans, mortgages, credit cards, investment products, insurance products.

For small and medium sectors, this bank in India provides working capital, medium and long term loans, bank guarantee, over draft facilities, etc. For business houses Scotia Bank offers Investment Banking, Financial Advisory Services, Treasury Management, Cash Management, Over Draft, Foreign Exchange, Currency Conversion and Letter of Credit.

Recently Scotia Bank has planed to enter into bullion market for whole sale trading and hedging commodities such as gold, silver, platinum, etc. This bank also has teamed up with banks such as HDFC Bank for mutual customer reference.

As HDFC bank has large customer base in India, the tie-up will benefit Scotia Bank to access local customers, on the other hand Scotia’s strong international customer base will benefit HDFC Bank as well. Scotia Capital is another wing of Scotia Bank group that provides whole sale banking solutions to corporate, institutions and Governments as well.

Scotia Capital’s offerings include corporate lending, advisory services on sale, merger and acquisition, equity underwriting, etc. The bank also gives access to capital markets through derivatives, debt instruments, fixed income, etc.