• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

New Delhi, June 24 Punjab National Bank (PNB) has received the Reserve Bank of India’s approval for opening a representative office in Norway.

“Now that we have RBI’s approval, we will approach the regulatory authorities in Norway for their approval. We expect to open the representative office in the next few months,” Mr Ranjan Dhawan, General Manager (International Banking and Overseas Operations), told Business Line.

Meanwhile, PNB is looking to upgrade its representative office in Shanghai to a branch and had already approached the Chinese regulators for this purpose. The bank is also planning to upgrade its representative office in Dubai to a branch. The RBI has already given its nod for PNB to have a branch in Dubai.

Besides Shanghai and Dubai, PNB has a representative office in Kazakhstan, which may get upgraded to a branch or a joint venture in the coming days, officials said.

More Stories on : Overseas Investments | Public Sector Banks | Punjab National Bank

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Credit market crisis — Lessons that the West can learn from India

Copyright © 2008, 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