BANK OF TOKYO -MIT SUBISHI List of IFSC Code Branches States
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BANK OF TOKYO -MIT SUBISHI State wise list:BANK OF TOKYO -MIT SUBISHI has branches in the following state(s) :- Delhi, Karnataka, Maharashtra, Rajasthan, Tamil nadu.
Bank of Tokyo, Ltd. was a Japanese foreign exchange bank that operated from 1946 to 1996. In January 1996, it merged with Mitsubishi Bank to form Bank of Tokyo-Mitsubishi. It’s headquarter was situated in the Nihonbashi District of Tokyo, adjacent to the Bank of Japan.
Bot has historically operated forex counters at Japan’s international airports, including Haneda Airport and Narita International Airport, which are operated by its successor BTMU. Like Japan’s Long-Term Credit Bank, Nippon Credit Bank and Norinchukin Bank, the BOT was allowed to issue special bonds to receive yen funding; BTM continued this program for several years following the Tokyo-Mitsubishi merger.
BOT was the successor to Yokohama Species Bank, a state-chartered foreign exchange bank, and initially operated as an ordinary bank using YSB’s assets. In 1954 it became registered as a specialized foreign exchange bank, and closed all its business unrelated to foreign trade. The BOT became a close partner of the Ministry of Finance and the Japan Bank for International Cooperation in directing Japan’s foreign trade policy during the post-war era. The BOT had major operations in New York and London, and developed an early system for settling payments between the Japanese yen and the Chinese yuan at a time when direct foreign exchange was not possible.
Due to the peculiarly international nature of its business, BOT was the only Japanese bank that employed more foreigners than Japanese, and had large overseas operations and a large number of non-Japanese customers. BOT exclusively formed in California around 1953. was active. It acquired a controlling stake in San Diego-based Southern California First National Bank in 1975 and later changed its name to California First Bank. In 1988, California First acquired Union Bancorp to form Union Bank (now MUFG Union Bank), one of the largest banks in California.
The “BOT” abbreviation is still used by BOT Leasing, a Mitsubishi UFJ Financial Group leasing company founded by BOT in 1979.