National Bank of Dubai teams up with India's HDFC Bank to offer non-resident Indian (NRI) services

Notes and media contacts

To sign up or for more information on the NBD-HDFC Bank NRI Services, interested customers can call NBD on 04-310 0222

About National Bank of Dubai:
Founded in 1963, the National Bank of Dubai is the oldest, locally incorporated bank in the Southern Gulf. Recognized as the bank with a performance that is second-to-none, NBD has built a reputation of stability and strength much appreciated by shareholders and customers alike.

Offering diversified financial services, NBD is a leader in corporate banking. Its portfolio covers a wide range of services including transport, real estate, construction, manufacturing, tourism and service industries throughout the region. In addition, NBD's 'Private Office' provides private banking services, offering highly tailored solutions to preserve and protect the personal wealth of its customers. Along with supplying customers with a variety of exclusive service based products, secured facilities, Credit Cards, personal loans, auto loans and home loans, the National Bank of Dubai also offers a variety of treasury products and services, advising customers on exchange markets and interest rate outlook. NBD, also recently launched Suhail Priority Banking Services, a premier banking service offering customers personalized relationship management and a host of exclusive products and services. Furthermore, NBD presents their customers with automated banking services, which consist of an Internet service (NBD Online), a telebanking facility (NBD Telebank), and an SMS based service (NBD Mobile). With a comprehensive card portfolio that provides an array of benefits, the National Bank of Dubai has, over the years, built a wide ATM network as well as Point of Sale terminals in select locations throughout the UAE.

The National Bank of Dubai currently has an extensive branch network that includes 39 branches throughout the UAE. In addition, NBD also has a branch in London and a representative office in Tehran.

ABOUT HDFC BANK:
HDFC Bank was promoted in 1995 by HDFC, India's premier Housing Finance Company. Since then, HDFC Bank has grown manifold to emerge as one of India's leading private sector Banks. In a short time, the Bank has provided its customers the complete range of accounts and services such as NetBanking; BillPay facility through PhoneBanking, ATM, and NetBanking; Access to banking and financial transactions over the cell phone through 24-Hour Mobile Banking; PhoneBanking; Net-based instant car loans, Personal loans, Loans against Securities; Inter-branch banking; Sweep-In facility from FDs; Cluster Deposits; the International Debit Card; International Credit Card; Advisory Services; and NRI Banking services across the country, among others.

Today, HDFC Bank has a network of 535 branches and 1353 ATMs across 228 cities in India and has a Representative office in Dubai.
HDFC Bank has received recognition for its business, from various leading publications, both national and international. It was named "Best Bank in India" for three consecutive years, 2005, 2004 and 2003 by leading Indian magazine Business Today, "Best Cash Management Bank" and "Best Trade Finance Bank" in India, in 2006, by The Asset magazine.
Asiamoney magazine has named the bank Best Domestic Commercial Bank 2005. In 2004, Asiamoney named it Best Local Cash Management Bank in India 2004 - US$11-100m, Best Local Cash Management Bank in India 2004 - >US$501m, Best Local Cash Management Bank in India 1989-2004 (poll of polls), Best Overall Domestic Trade Finance Services in India 2004, and Most Improved company for Best Management Practices in India 2004. It was also named "Best Domestic Bank in India" for 2005, 2004 and 2003 by The Asset magazine.

Recently, HDFC Bank was named "Company of the Year" in The Economic Times Awards for Corporate Excellence 2005, and the "Most Customer Responsive Company - Banking and Financial Services in The Economic Times - Avaya Global Connect Customer Responsiveness Awards 2005. The bank was also selected by Business World as "one of India's Most Respected Companies" as part of The Business World Most Respected Company Awards 2004. The bank was named by Forbes Global in its listing of 100 of the best smaller size enterprises in Asia/Pacific and Europe, (captioned "Best Under A Billion") in 2004. The bank also received The Asian Banker Excellence in Retail Banking Risk Management Award in India for 2004, and the Finance Asia Award as Best Bank- India 2005.

For the quarter ended Sept 30, 2006, the bank reported a net profit of INR 2.63 billion (Rs262.9 crore), 31.7% higher over the corresponding quarter of previous year. Total deposits were at INR 634.47 billion (Rs.63,447 crore), nearly 40% higher. Total balance size too grew by 40% to INR 843.63 billion (Rs.84,363 crore).

For more information on HDFC Bank, please log onto www.hdfcbank.com

For further media information please contact:
Nada Lotfy
Tel: +971 4 3344930
Fax: +971 4 3344923