Financial Daily from THE HINDU group of publications
Thursday, Sep 04, 2003

Port Info

Group Sites

Money & Banking - Public Sector Banks

UBI to set up offices in Dubai, Doha

Our Bureau

Mumbai , Sept. 3

THE Reserve Bank of India has granted permission to the Union Bank of India for opening representative offices in Dubai (UAE) and Doha (Qatar).

Union Bank has a vast network of correspondents in the Gulf and also tie-ups with leading exchange houses. The representative offices to be opened at Dubai and Doha would cater to their requirements and also service the vast NRI community present in this area, said a press release.

The bank is in the process of applying for permission from the regulatory authorities in the respective countries and expects to commence operations soon, the release said.

Article E-Mail :: Comment :: Syndication

Stories in this Section
New pension scheme only after 5 months

Rupee weakens; gilts sale fully subscribed
Birla Sun Life plan for children
IRDA forms expert panel to review remuneration model
ICICI Bank opens Singapore branch
UBI to set up offices in Dubai, Doha
Canara Bank slashes rates for SSI loans
Kerala relaxes settlement scheme for co-ops
South Indian Bank recovery
Vijaya Bank increases FCNR(B) rates
Grading customers to grow
Foreign banks score better in risk management: Survey
Y.V. Reddy to take over at RBI on Sept 6
Srikantan to head State Bank of Bikaner

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | Home |

Copyright 2003, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line