Business Daily from THE HINDU group of publications
Saturday, Aug 12, 2006

Cross Currency

Group Sites

Money & Banking - Alliances & Joint Ventures
Dhanalakshmi Bank to offer MoneyGram remittances

Our Bureau

Kochi , Aug. 11

UAE Exchange has announced its sub agency alliance with Dhanalakhsmi Bank for offering MoneyGram international remittance service at the branches of the bank on a pan India basis.

The bank officially announced the launch of the service at a function held here on Monday. Mr P.S. Prasad, MD and CEO of Dhanalakhsmi Bank, Mr George Antony, Country Head of UAE Exchange - India, and Mr Yaheth Killekar, Business Development Manager, MoneyGram International Inc, were present.

Mr Prasad said that as of now, 123 branches across the country had been brought under the purview of the scheme. The bank is constantly trying to find ways to develop products and services that would make the customers' banking experience simpler, convenient and efficient. Mr George Antony said the positive features on MoneyGram included its easy access, reliability, convenience and speed. Anyone can walk into the branches of UAE Exchange and Dhanalakshmi Bank with a valid transaction reference number along with the required documents and complete a form to receive cash within minutes.

MoneyGram International Inc offers a fast, safe and easy way to send and receive money worldwide in 10 minutes, subject to agent availability, hours of operation and local regulations. To receive cash via MoneyGram, customers do not need a bank account.

More Stories on : Alliances & Joint Ventures | Private Banks | Forex

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Public sector banks caught in a bind

Selling pressure on dollar to help gold
Forex reserves up by over $1.7 b
Rupee weak on terror warnings
Re depreciation impact on pharma cos likely
`Nidhi cos must put in place self-regulation mechanism'
Nabard expects demand for refinancing to double
Bajaj Allianz Life posts 236-pc growth in Q1
Shriram group to exit Armour Consultants
RBI transfers surplus profit
BoR to sell Prudential ICICI MFs
Two Indian cos in pact with World Bank
Bond volatile, end lower
Non-food credit up Rs 13,712 cr
Call rates remain at 6-6.10%
Banks see deluge of short-term bulk deposits
Karnataka Bank's new schemes
Insurance staff federation meet begins today
Dhanalakshmi Bank to offer MoneyGram remittances

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line