|The Custodian Bank is unlike any other banks that provide retail as well as the commercial banking solutions to its customers. These types of banks or the financial institutions take care of the financial assets either of the individual or of a company.. These banks are also known by the name of global custodians. These banks are spread all over the world like in Singapore Standard Chartered is the largest custodian bank, in Canada CIBC Mellon local.
If you are what is the work of a custodian then given below are the various types of functions that is performed by the bank.
- Safekeeping of domestic as well as foreign assets or securities like bonds, stocks, commodities like metals and currencies (cash).
- Arrangement for settling any type of sales and deliveries.
- Collection of information on income from assets like stocks, equities and coupons.
- Administering voluntary and involuntary actions on securities like stocks/equities and coupons.
- Conduct foreign exchange transactions and provide information on securities.
Custodian Banks List
Given below are the names of some of the custodian banks in USA.
|Bank of America||Bank of New York Mellon||BBVA Compass|
|BNP Paribas Securities Services||Comerica Bank||Credit Suisse|
|Deutsche Bank||Fifth Third Bank||Goldman Sachs|
|JPMorgan Chase||Standard Chartered Bank||State Bank of India|
|Wells Fargo Bank||UBS||U.S. Bank|
|Bank of Ireland Securities Services||Northern Trust||State Street Bank and Trust Company|
|Banco de Oro Unibank|| || ||
Custodian Banks in India
Are you searching for the names of the Custodian Banks in India? Well, your search ends here as you will get here a complete list of the Custodian Banks in India along with the addresses of the same.
|Name of the banks||Address||Phone number|
|Axis Bank Limited||Solaris ‘C’ Wing, 9th Floor, Saki Vihar Road, Opp. L & T Gate No. 6, Powai, Mumbai – 400072.||022-40754264/83|
|BNP Paribas||62, Homji Street, Fort, Mumbai – 400 001||022-66501300|
|Citibank N. A||Citibank, N.A., Securities & Fund Services Trend House, 3rd Floor, ‘G’ Block, Plot No. 60, Bandra Kurla Complex, Bandra (East), Mumbai – 400051||022-40296300|
|Edelweiss Custodial Services Limited||14th Floor, Express Towers, Nariman Point, Mumbai-400021||022-22864400|
|JPMorgan Chase Bank, N.A.||6th Floor, Paradigm Towers, Wing B, Mindspace, Malad, Mumbai - 400 064.||022- 66506000|
You can also find out the name of the custodian banks in London, Manchester City in the internet.