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Financial Technologies (India) Ltd.
FTIL is India’s leading technology enterprise delivering mission critical Straight Through Processing (‘STP’) solutions to Indian financials services industry
- Developed and deployed transaction automation technologies for equities, foreign exchange, commodity and derivatives markets
- Covers all stages of a trade life cycle - pre-trade and post-trade operations to deliver single point transaction fulfillment.
- Emerged as a top brand, with >80% market shares
- More than 400 customers operating >30,000 terminals across India
FTIL is the global partner of OMGEO.
Set up a market wide central messaging platform for STP service - STP-GateTM
FTIL has partnered with IBS-Forex to set up FXDirectTM, India’s first indigenously developed electronic forex trading platform
More than 400 customers including ABN Amro, Citigroup, Deutsche Equities, Kotak Securities, DSP Merrill Lynch, MCX, Prudential ICICI, Refco-Sify, Sharekhan, TAIB Securities, UTI Securities and SBI Capital Markets
State Bank of India
State Bank of India is the largest bank in India in terms of profits, assets, deposits, branches and employees. As of 31st March 2007, the Bank possessed total assets worth USD 187 billion, total deposits of USD 146 billion and capital & reserves of USD 9.78 billion.
It is ranked 70th among the "Top 1000 Banks" in the world as per the latest Bankers' ranking. SBI enjoys Investment Grade rating, equivalent to the Indian Sovereign rating, from the top international rating agencies. 59.73% of the shares of this Fortune 500 entity are owned by the Government of India.
Since its inception in 1806 as the Bank of Calcutta, it has gone from strength to strength and has, over the years, richly merited its status as the flagship of Indian banking.
With a network of over 14337 branches in India and 83 foreign offices in 32 countries, With 18 domestic subsidiaries and 8 foreign subsidiaries, the State Bank Group is India's financial icon commanding nearly 25% of the domestic market. SBI's shares and bonds are listed for trading on all the major Indian stock exchanges. Its GDR is listed on the Luxembourg Stock Exchange.
The State Bank of India has pioneered innovative measures and contributed significantly to the growth of the Indian economy. It has been taking new initiatives with the changing economic environment and is poised to establish itself in the new millennium as a premier Indian financial services group with a global perspective and world class standards of efficiency.
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