The Hindu Business Line : Corporation Bank office in Dubai

Corporation Bank opened its first ever overseas representative office at Dubai on September 22. A bank release said here on Wednesday that Mr Saeed Abdullah Al-Hamiz, Senior Executive Director of Central Bank of the UAE, inaugurated the representative office. The bank aims to convert this representative office into a full-fledged branch in course of time. With this, the bank is planning to enlarge its presence in other parts of West Asia too and cater to the vast NRI segm ent.

Besides the region, the bank intends to open offices in China and Europe shortly, the release said. Mr Venu Rajamony, Consul General of India, Indian Consulate, Dubai, was the chief guest. Mr B. Sambamurthy, Chairman and Managing Director of the bank, presided over the inaugural function.

— Our Bureau

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