Financial Daily from THE HINDU group of publications
Thursday, Sep 04, 2003
Financial Daily from THE HINDU group of publications Thursday, Sep 04, 2003 |
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Money & Banking
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Public Sector Banks UBI to set up offices in Dubai, Doha Our Bureau
Mumbai , Sept. 3 THE Reserve Bank of India has granted permission to the Union Bank of India for opening representative offices in Dubai (UAE) and Doha (Qatar). Union Bank has a vast network of correspondents in the Gulf and also tie-ups with leading exchange houses. The representative offices to be opened at Dubai and Doha would cater to their requirements and also service the vast NRI community present in this area, said a press release. The bank is in the process of applying for permission from the regulatory authorities in the respective countries and expects to commence operations soon, the release said.
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