Business Daily from THE HINDU group of publications
Thursday, Jun 21, 2007
ePaper
Business Daily from THE HINDU group of publications Thursday, Jun 21, 2007 ePaper |
|
|
|
|
|
|
|
Money & Banking
-
Overseas Investments Federal Bank opening representative office in UAE Our Bureau
Kochi June 20 The Central Bank of UAE has given approval to Federal Bank for opening a representative office in the UAE, and the bank is poised to become the first Indian bank to have a representative office in Abu Dhabi. By establishing the representative office, Federal Bank will be able to offer more personalised services to its 4,00,000 customers in the UAE and other GCC countries, a press release here said.
Gateway
The representative office is also expected to act as the gateway to the whole of West Asia and to facilitate greater interface between the bank's existing customers and its branch network in India. The representative office is to become the nodal point for furthering the business relationships with the 20 exchange houses and eight banks in West Asia, with which the bank currently has remittance arrangements. So far, these exchange houses and banks have been the major conduit for the customers to transmit their money to India.
More Stories on : Overseas Investments | Private Banks
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2007, 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
|