SBT, Global Money Exchange tie up
By Our Banking Bureau | 04 Apr 2002
1
Thiruvananthapuram:
The Global Money
Exchange Company, Sultanate of Oman, under the direct management
of the State Bank of Travancore (SBT), will commence operations on
5 April 2002. Announcing this, an SBT spokesman here said the
exchange is promoted by the Khalili group of Oman. This is the
banks maiden venture in the Sultanate of Oman.
The bank also intends to introduce fast-remittance arrangements shortly. SBT at present has remittance arrangements with 13 exchange companies in West Asia. The annual volume of remittances channelised through these exceeds Rs 3,300 crore.
.jpg "RBI keeps repo rate unchanged as focus remains on inflation")
.jpg "Indian Oil, Panasonic team up for lithium-ion cell production in India")
