Banking operations expanded to include the Indian subcontinent , the Middle East and elements of Africa and Southeast Asia. Current foreign exchange rates can be obtained from your local ANZ Branch, or by calling Find out where, when and how to buy foreign exchange for overseas travel. You don't have to be an existing ANZ customer to get foreign currency cash.
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The firm remained based solely in London until when offices were opened at Calcutta in  and then Bombay in These offices were largely autonomous, administered from London, until the local partners interests were bought out in Additional branches were opened in Simla , Delhi , Lahore and Peshawar Grindlays was regarded as "pre-eminently bankers to the Indian Army" and it did little commercial banking.
The failure of army bankers, Macgrigors, in and then the Alliance Bank of Simla in , encouraged the Grindlays partners to seek the security of a larger organisation. In , the Bank was acquired by the National Provincial Bank , converted into a company and allowed to operate independently.
Offices in London and Bombay followed in and NBI remained with these three offices until when it sought to exploit opportunities in China with a branch in Hong Kong and, later, in Shanghai. Substantial losses threatened the Bank and the Chinese operations were eventually closed.
Steady expansion continued through the early s and by the outbreak of World War I NBI was the seventh largest of the London-registered overseas banks. Standard Chartered Bank had sold its shares in Standard Bank of South Africa to the bank's existing shareholders in to escape anti-apartheid sanctions against South Africa. Minerva House , Grindlay's London headquarters from From Wikipedia, the free encyclopedia.
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