Comments
Bank of India (New Zealand), a wholly-owned subsidiary of Bank of India, was inaugurated on Thursday by Dr Alan Bollard, Governor, Reserve Bank of New Zealand.
Apart from financing corporates, the bank will offer its clients a full range of retail products, including savings and current accounts, cards, term and call deposits, mortgages and international funds transfer, said Bank of India Chairman and Managing Director, Mr Alok Misra.
With its entry into New Zealand, BoI has expanded its presence to 19 overseas countries, spread over five continents.
The bank now has 29 foreign offices, in addition to three subsidiaries and one joint venture abroad. Almost 20 per cent of the bank's business comes from its overseas operations.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.