United Bank of India has commenced operations at its representative office at Yangon in Myanmar.

United Bank is the first bank from India to open an office in Myanmar. The setting up of a representative office is likely to give a boost to the Indo-Myanmar trade, said a press statement issued by the bank.

No financial transactions

Though the representative office will not handle any financial transaction, officials will maintain liaison with the Government, banks and traders and will extend help and cooperation toward resolving all issues relating to settlement of trade-related transaction between both the countries, the release said.

shobha.roy@thehindu.co.in

(This article was published on December 14, 2012)
XThese are links to The Hindu Business Line suggested by Outbrain, which may or may not be relevant to the other content on this page. You can read Outbrain's privacy and cookie policy here.