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Thiruvananthapuram , March 18

AS part of its strategy of offering a range of value-added services to non-resident Indians (NRIs), the Thrissur-based Dhanalakshmi Bank has announced the establishment of `NRI boutiques' or relationship centres at eight locations in Kerala. The bank has also created a separate NRI division at it corporate office in Thrissur, says a press release issued by the bank.

The NRI relationship centres in Thiruvananthapuram, Kollam and Kallambalam were inaugurated on Friday, while those in Thiruvalla and Kottayam are scheduled to start operations on Saturday. The remaining three relationship centres at Kunnamkulam, Malappuram and Peringottukara will be ready for business in a month, the press release adds.

The bank has recently unveiled two products designed specially for NRIs, says the press release. One is Dhanam Perennial Payment Plan, a value-added deposit product that ensures regular monthly payments. The other is Dhanaraksha, a personal insurance product that offers accident insurance cover for NRIs and also takes care of hospitalisation expenses for NRIs and their dependent family members in India, the release adds.

Other new initiatives at the bank include the launch of an international debit card and a co-branded credit card, says the release. The bank is also in the process of networking its 174 branches, and is also setting up a network of 100 automated teller machines (ATMs) across the country.

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