The Hindu Business Line : Allahabad Bank opens HK branch

Allahabad Bank this week opened its first overseas branch in Hong Kong. The branch is located at the Lippo Centre and will be serving both retail and corporate clients. Mr T.Y. Chan, Head of Banking Supervision, Hong Kong Monetary Authority (HKMA), and Mr B.K. Gupta, Consul-General of India, were present on the occasion. As part of its China expansion plans, the bank has also opened a representative office in Shenzhen. Mr A.C. Mahajan, Chairman and Managing Director, Allahabad Bank, said that Hong Kong was a "natural first step and we look forward to offering a range of improved and efficient services to cater to the needs of retail and corporate clients in India as well as Hong Kong."

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