Indian Banks

With its headquarters located in New York, U.S., American Express company is a global financial services provider, also known as “AmEx” in short. American Express had been established in the year 1850, and is well known all around the world for its dedicated Credit Card, Traveller’s Cheque and Charge Card services.

Key Attributes
American Express had been named 14th most valuable brand in the world by Interbrand and BusinessWeek in the year 2007, and its total worth was estimated to be around USD 20.87 Billion at that time. After a Federal Reserve System approval granted on the 10th of November 2008 owing to the financial crisis, American Express converted to a bank holding company which led it to receive government help.

Fortune ranked American Express as the 62nd best place in the U.S. to work for in the year 2008, which was the top position among the bank card companies in the list.

On 18th of September 2007, Standard Chartered Bank announced to acquire American Express Bank Ltd., a commercial banking division of the American Express company. The acquisition was announced to take place against a sum of around US$ 1.1 Billion, and the deal is currently seeking regulatory approval as of April 2009.

Presence in India
American Express Bank is actively present in the Indian market too, with its offices located in Gurgaon (Haryana) and Mathura Road, New Delhi. In India, the services being offered by the American Express Bank primarily fall under two basic categories: Personal and Business.

Products and Services
In the Personal services category, American Express Bank offers a range of Credit Card and Charge Card options, Financial Advisory services and Travel related services comprising of Traveller’s cheques and Business Travel. The Traveller’s cheques offered by American Express Bank are available in 6 international currencies including US Dollar, Australian Dollar, Canadian Dollar, Euro, Pound Sterling and Japanese Yen. These cheques can be redeemed at American Express Travel offices located in many prominent cities of India such as New Delhi, Mumbai, Bangalore, Chennai etc.

Under the Business category, American Express Bank provides an array of attractive services to the business customers, which include Trade and Forex solutions along with Financial Advisory Services, diversified Credit Card, Charge Card and purchasing solutions and Corporate Card Management Tools. The bank also offers Merchant services to the business clients who want to accept Credit Card or Debit Card payments from their customers.