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.
The Subsidiary Banks each operate under a different name and each has its own board of directors, chief executive officer, and management team.
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.
None of the Subsidiary Banks are required to be qualified to transact business as a foreign corporation in any jurisdiction.
In the normal course of business, the Subsidiary Banks are party to financial instruments with off-statement of condition risk to meet the financing needs of their customers.