Australian High Commission
New Delhi
India, Bhutan

Acceptable financial institutions for funds and loans- Visas and Migration

Financial Institutions for Funds and Loans - India.

The Migration Regulations 1994 (\'the Regulations\') define the term \'financial institution\' for the purpose of student visa applications:

financial institution means a body corporate that, as part of its normal activities:

a) takes money on deposit and makes advances of money; and

b) does so under a regulatory regime, governed by the central bank (or its equivalent) of the country in which it operates, that the Minister is satisfied provides effective prudential assurance.

In India the following organisations may meet the definition of \'financial institution\' in the Regulations for the purpose of student visa applications:

  • Royal Bank of Scotland NV
  • Andhra Bank
  • Allahabad Bank
  • AXIS Bank Ltd
  • Bank of Baroda
  • Bank of India
  • Bank of Maharashtra
  • Bank of Punjab Ltd
  • BNP Paribas
  • Canara Bank
  • Central Bank of India
  • Centurion Bank of Punjab Ltd
  • Citibank
  • Corporation Bank
  • Dena Bank
  • Federal Bank Ltd
  • HDFC Bank Ltd
  • Hongkong and Shanghai Banking
  • Corporation
  • IDBI Bank Ltd
  • Indian Overseas Bank
  • Indian Bank
  • Ing Vysya Bank Ltd
  • Indusind Bank Ltd
  • ICICI Banking
  • Jammu & Kashmir Bank Ltd
  • Karnataka Bank Ltd
  • Kotak Mahindra Bank
  • NOVA Scotia Bank
  • Oriental Bank of Commerce
  • Punjab National Bank
  • Punjab and Sind Bank
  • South Indian Bank Ltd
  • Standard Chartered Bank
  • State Bank of India
  • State Bank of Bikaner and Jaipur
  • State Bank of Hyderabad
  • State Bank of Indore
  • State Bank of Mysore
  • State Bank of Patiala
  • State Bank of Saurashtra
  • State Bank of Travancore
  • Syndicate Bank
  • UCO Bank
  • Union Bank of India
  • United Bank of India
  • Vijaya Bank
  • Yes Bank
  • Bank of Rajasthan
  • Barclays Bank PLC