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Indian bank targets Mideast rich
- Bahrain: Thursday, March 20 - 2008 at 08:49
India's largest nationalised bank is opening a wholesale branch in Bahrain this coming Sunday. The Bank of Baroda, the fifth largest in India, is targeting the rich and corporations in the region. It is returning to Bahrain after a gap of 15 years, when it pulled out of the country due to a forex crisis in India, said Gulf Daily News. It has now been granted a new licence by the Central Bank of Bahrain. The bank has assets of $36.4bn and recorded a net profit in its last financial year of $261m.
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StaffThursday, March 20 - 2008 at 08:49 UAE local time (GMT+4)
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