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LKB
to open branch in Kabul
Our
Banking Bureau
28 November 2003
 Kochi:
The
Kerala-based Lord Krishna Bank (LKB) is in the process
of opening a branch in the Afghan capital of Kabul.
The
bank has applied for the Reserve Bank of India's licence
in this regard and the approval is pending, according
to LKB managing director and chief executive officer R
M Nayak.
The
bank also has plans to open branches in some North African
countries such as Sudan, for which it was in the process
of conducting a survey, he adds.
For
the convenience of non-resident Indian customers, the
bank signed a rupee-drawing arrangement here on Wednesday
with the Wall Street Exchange Centre Llc, Dubai.
 Similar
arrangements are in the offing with more exchange houses
in Saudi Arabia, Qatar, Bahrain and the Sultanate of Oman,
says Nayak. "The bank already has such arrangements
in Abu Dhabi."
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Krishna Bank
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