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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.

send this article to a friendSimilar 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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LKB to open branch in Kabul