to open branch in Kabul
28 November 2003
Kerala-based Lord Krishna Bank (LKB) is in the process
of opening a branch in the Afghan capital of Kabul.
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
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.
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.
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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