Bank of Bahrain & Kuwait enters retail banking business in India
By Our Banking Bureau | 13 Feb 2003
1
Hyderabad:
Bank
of Bahrain & Kuwait has announced that it has entered
into retail banking operations in India.
The bank says it is in the process of changing the core banking software in its Indian operations to enable it to offer new products to customers and enhance the retail banking capabilities.
The new banking software is expected to go live by end-February 2003. For the year ended 31 December 2002, the bank posted a profit of Bahrain dirhams 20 million ($53 million), recording a growth of 20.3 per cent over the previous year.
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