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In 1948 it merged with the smaller Grindlays Bank Ltd, renaming itself National and Grindlays Bank Ltd some ten years later. [1] Following further acquisitions, its name was shortened to Grindlays Bank in 1974, and then renamed ANZ Grindlays Bank when it was taken over by Australia and New Zealand Banking Group in 1984. [3]
In 1984, ANZ purchased Grindlays Bank. [14] [15] In 1985, ANZ acquired Barclays' operations in Fiji and Vanuatu. That same year, the bank received a full commercial banking licence and opened a branch in Frankfurt, Germany, and announced ANZ Singapore. In 1988, ANZ opened branches in Rarotonga, Cook Islands and Paris, France.
Captain Robert Melville Grindlay FRSA MRAS FZS FRHS FRBS (23 October 1786 – 9 December 1877) was a British soldier, artist, and banker during the 18th and 19th centuries. [1] [2] [3] Born in London, England he served as an East India Company agent in the Bombay Army, during which time he made a large collection of sketches and drawings of the Indian subcontinent.
In 2000, Standard Chartered acquired Grindlays Bank from ANZ, increasing its presence in private banking and further expanding its operations in India and Pakistan. Standard Chartered retained Grindlays' private banking operations in London and Luxembourg, as well as the subsidiary in Jersey, all
Banks like Standard Chartered and ANZ Grindlays were implicated in the scam for bank receipt forgery and transfer of money into Mehta's personal account. The government realized that the fundamental problem with the financial structure of the stock markets was the lack of computerized systems which impacted the whole stock market.
Rank Name of the Bank Year of Founding Year of Closing Fate Headquartered in References [1]; 1: The Madras Bank (1683) 1683: 1843: Merged with the Carnatic Bank, The British Bank of Madras (1795), and the Asiatic Bank to form the Bank of Madras in 1843
She entered the banking industry when she joined ANZ Grindlays, where she worked from 1982 to 1994. [11] From 1994 to 2002, Kidwai worked in Morgan Stanley India, where, in 1997, she was also made the head of investment banking .
In 1989, the bank changed names again to ANZ Grindlays when it was acquired by the Australia & New Zealand Banking Group. In 2000, Standard Chartered acquired ANZ Grindlays. [3] In August 2004, the bank was renamed International Bank of Qatar (ibq), when National Bank of Kuwait (NBK) acquired a 20% stake in the bank and assumed management ...