The Hindu Business Line : UTI Bank opens office at Shanghai

UTI Bank has set up a representative office at Shanghai, China. The office would facilitate and promote trade related services between the bank in India and commercial entities in China.

It would also act as an advisor to the customers on trade related opportunities in China. "There is a considerable surge in trade volume between India and China and our presence in Shanghai would create opportunities for the bank in the domain of trade finance and investment advisory," UTI Bank said in a news release quoting Mr P. J. Nayak, Chairman and Managing Director of the bank. The bank opened a branch in Singapore, this year.

More Stories on : Overseas Investments | Private Banks

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Rupee touches 3-year low

Dewan Housing Q1 net profit rises 26 pc

Bond prices decline

South Indian Bank hits FII limit

UTI Bank: Sustained interest seen

Syndicate Bank to raise Rs 250 cr thru bond issue

Union Bank to shore up exposure to SMEs, farm sector

Call rates remain flat

Union Bank positions FD scheme against NSC

Andhra Bank plans to expand presence across West Asia

UTI Bank opens office at Shanghai

Are KYC norms crossing the limits?

Panels to probe Kerala co-op sector malpractices