The Hindu Business Line : SBT office in Dubai okayed

Thiruvananthapuram, Feb. 6 State Bank of Travancore (SBT) has received approval from the Central Bank of the United Arab Emirates to open a representative office in Dubai.

SBT currently has a share of around 25 per cent of NRI deposits form Kerala, a press release from the bank said. The representative office in Dubai will help the bank provide better service to this segment of customers.

The office in Dubai will also enable the bank to play a lead role in garnering more investments in India and Kerala from the West Asian region, the release added.

The bank’s representative office in Dubai will facilitate further increase in remittances. It will also offer personalised services to NRIs.

More Stories on : Public Sector Banks | Kerala | Overseas Investments

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