Britain has released a list of almost 2,000 banking institutions in India whose financial statements will not considered valid for the purpose of issuing students visas

Posted On: 27/10/2011 Updated On:

Britain has released a list of almost 2,000 banking institutions in India whose financial statements will not considered valid for the purpose of issuing students visas.“The UK Border Agency maintains a list of financial institutions from which we will not accept financial statements submitted in support of applications under Tier 4 of the points
based system,” the home office said.

The 1,940 banks, which include cooperative and rural ones, will not be considered for purpose of granting students’ visas from November 24, the home office said. The list has been subdivided into cooperative banks: scheduled urban cooperative banks, cooperative banks: non-scheduled urban cooperative banks and rural banks.“We will use the list when verifying maintenance funds under Tier 4 of the points-based system.“An applicant will receive no points for maintenance if they submit documents showing that the funds are held in a financial institution on the list,” the home office warned. It said these financial institutions do not satisfactorily verify financial statements submitted by the student visa applicants. “When a bank frequently provides unsatisfactory responses to verification requests, it is proportionate to include it on a list from which we will not accept documents, rather than verifying applications individually,” the home office added.

To help potential students from India, the home office also has issued a list of 85 banks, whose financial statements will be accepted by the UK Border Agency for the purpose of issuing students’ visas. Britain has released a list of almost 2,000 banking institutions in India whose financial statements will not considered valid for the purpose of issuing students visas.

To help potential students from India, the UK Home Office has issued a list of 85 banks, whose financial statements will be accepted by the UK Border Agency for the purpose of issuing students' visas.

The following is the list of 85 banks and financial institutions approved by the UK Home Office:
¦ Bank of Maharashtra
¦ Canara Bank
¦ Central Bank of India
¦ Calyon Bank
¦ Citibank N.A.
¦ Cho Hung Bank
¦ Chinatrust Commercial Bank Ltd.
¦ Indian Bank
¦ Indian Overseas Bank
¦ Industrial Development Bank of India
¦ ING Vysya Bank
¦ J.P. Morgan Chase Bank, National Association
¦ Krung Thai Bank Public Company Limited
¦ Kotak Mahindra Bank Limited
¦ Karnataka Bank
¦ Karur Vysya Bank
¦ Lord Krishna Bank Ltd.
¦ Mashreqbank psc
¦ Mizuho Corporate Bank
¦ Oman International Bank SAOG
¦ Oriental Bank of Commerce
¦ Punjab & Sind Bank
¦ Punjab National Bank
¦ Societe Generale
¦ Sonali Bank
¦ Standard Chartered Bank
¦ State Bank of Mauritius
¦ SBI Commercial and International Bank Ltd.
¦ State Bank of Bikaner and Jaipur
¦ State Bank of Hyderabad
¦ State Bank of India
¦ State Bank of Indore
¦ State Bank of Mysore
¦ State Bank of Patiala
¦ State Bank of Saurashtra
¦ State Bank of Travancore
¦ Syndicate Bank
¦ The Bank of Nova Scotia
¦ The Bank of TokyoMitsubishi, Ltd.
¦ Development Bank of Singapore Ltd. (DBS Bank)
¦ The Hongkong & Shanghai Banking Corporation Ltd.
¦ Tamilnad Mercantile Bank Ltd.
¦ The Bank of Rajasthan
¦ The Dhanalakshmi Bank
¦ The Federal Bank Ltd.
¦ The HDFC Bank Ltd.
¦ Jammu & Kashmir Bank
¦ The Nainital Bank
¦ The Sangli Bank
¦ The South Indian Bank
¦ The Ratnakar Bank Ltd.
¦ The Royal Bank of Scotland N.V.
¦ The Lakshmi Vilas Bank
¦ UCO Bank
¦ Union Bank of India
¦ United Bank Of India
¦ Vijaya Bank
¦ Yes Bank

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