The correspondent relations section also provides support to the correspondents in marketing and distributing their products for various applications in the Bank. International Banking Group comprises of Foreign Offices, Domestic Wing, International Services and Foreign Department . Controls entire Intl. Banking Operations in India and abroad including correspondent relationship. No communication for execution of payment orders, Letters of Credit, Guarantees etc., should be sent to these offices.
Branches handle retail commercial transactions.
FD maintains Foreign Currency Nostro Accounts. Authorisation for refund of amounts credited to the Nostro accounts is centralised at Foreign Department. Details to be provided for all the forex transactions with us. At World Trade Centre, Cuffe Parade, Mumbai 400 005. Payment Instructions containing all relevant details should be sent to the branch concerned for execution of the payment order with specific details as to where cover funds have been provided.