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Coimbatore, June 26

Bank of India has entered into a DD drawing arrangement with City Union Bank Ltd (CUB) enabling its Singapore branch to issue rupee denominated demand drafts drawn and payable at select branches of CUB. CUB has in a release said that this is yet another step in strengthening its relationship with BoI. It already has an arrangement with BoI to share its `Cash Tree' ATM Network. Mr Nagesh Pydah, General Manager, BoI and Mr. S. Sundar, General Manager, CUB, signed the agreement.

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