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Our Bureau

Mr Rohit Karan Sawhney, Working Capital Country Head, ABN-Amro Bank

Mumbai , March 8

NETHERLANDS-based, ABN Amro Bank N.V has identified India as one among the six growth markets for its working capital business. Other than India the growth markets include China and Taiwan in Asia and Turkey, Russia and Brazil worldwide.

"We are upbeat on both consumer and wholesale banking in India in addition to working capital," said Mr Rohit Karan Sawhney, Working Capital Country Head, ABN Amro Bank at a press conference held here today. The bank plans to venture into vendor financing by December 2004 as part of its working capital initiative.

The foreign bank declined to give any figures on the funds disbursed through its working capital initiative or the number of clients it has in the country.

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