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Join Date: 05 Mar 2015
Location:  BahrainPosts: 49 |
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Doha Bank starts India operations |
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Doha Bank starts India operations
MANAMA: Doha Bank has become the first Qatari Bank to establish full scale banking operations in India follwing a launch in Mumbai. 'This is a historic day for Doha Bank's expansion in the Indian subcontinent,' said Doha Bank chairman Shaikh Fahad bin Mohammad Al Thani. 'We consider the country as an important market, being one of the fastest growing economies in the world, which is expected to overtake China in the years to come. 'Doha Bank has been pursuing a well thought out international expansion strategy as envisioned by the board by extending our global footprint across 15 nations worldwide. 'Some of the key products and services include comprehensive non-resident Indian (NRI) four-in-one account packages, privileged status for high net-worth individuals, credit passportability, project finance/advisory services to link GCC markets and unique deposit/investment products for NRIs. 'In this pursuit, Doha Bank is the first Qatari Bank to establish banking operations in India. 'With its presence in GCC countries, it would further enhance the niche role Doha Bank is playing to facilitate the trade between the Gulf and India, benefitting its customers in both locations,' he added. Doha Bank chief executive Dr R Seetharaman said the huge size of the Indian market, along with its rising per capita income levels and business-friendly policies, render India as an essential and strategic location for Doha Bank. 'We are keen to expand our operational presence in India in the years to come and have already set in motion our plans to service the customers through innovative and technology driven products and services,' he added. 'Some of the key products and services include comprehensive non-resident Indian (NRI) four-in-one account packages, privileged status for high net-worth individuals, credit passportability, project finance/advisory services to link GCC markets and unique deposit/investment products for NRIs. 'All these products would be appropriately supplemented by technology driven solutions such as digital account opening '“ tablet banking, best in class mobile as well as phone banking solutions with SMS alerts, robust Internet banking solutions, instantaneous e-remittances from GCC to India, online payment integration with utility services and dedicated 'India Desk' across all Doha Bank overseas locations to service its customers.' Dr Seetharaman said that the bank will play a significant role in bridging GCC investors with various business houses seeking investments in India, in line with the vision set out by the Indian government and thus fulfil the needs of the investors and the entrepreneurs through its dedicated project finance team. Source:gulfdailynews http://www.gulf-daily-news.com/NewsDetails.aspx?storyid=402147 |
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