10 Most Preferred Banks By Indians In 2013
6. Bank of America
As the name itself says, it’s a bank company that provides financial support to the people. Bank of America is the second largest company in America by its assets and is headquartered in North Carolina. Range of services are offered by Bank of America and has stayed away from retail banking this is one of the main reason why it has no bad loans. "We are not likely to be in retail at least for the next two to three years," says its India country head Kaku Nakhate as reported by business today. Even the debt for Indian companies those buy foreign assets are arranged by this bank.
7. Deutsche Bank
Deutsche Bank AG is a German based global banking and financial services company headquartered in Frankfurt. There are more than 100,000 employees in over 70 countries, and is largely present in Europe, the Asia Pacific, the Americas and other emerging markets. Along with the private and business clients the bank offers financial products and services for corporate and institutional clients. Few of the services include sales, trading, research and origination of debt and equity; mergers and acquisitions (M&A); risk management products among others. Bad loan coverage ratio of this bank is approximately 81.44 percent, which is higher than the mandatory 70 per cent.
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