Emirates Post and State Bank of India explore new business alliances

Mr. Abdulla Al Daboos, Director General of Emirates Post and Chairman of Wall Street Exchange, met Mr. Om Prakash Bhatt, Chairman of State Bank of India, in Bombay recently, and both agreed to enhance mutual business cooperation.

The discussions centred on how Wall Street Exchange could use SBI extensive network in India for remittances, as SBI has over 9,000 branches across India. The two officials also discussed how SBI could use Emirates Post's network in the UAE to access the large Indian population.

"Wall Street Exchange is set to expand its market and we are seeking to use SBI's extensive network to deliver money sent from the UAE to the farthest corners of India," said Mr. Al Daboos. "Further, as Emirates Post has a network of over 82 branches, we can provide crucial access to SBI to market its products and services to the large Indian population in the UAE."

The meeting was also attended by Mr. Abdullah Al Suwaidi, Assistant Director General, International Relations, and Mr. Prashant K. Gulati, Advisor, Emirates Post.

The two sides agreed to set up working teams to identified areas of cooperation and draw up Memorandum of Understanding, as part of the move to enhance mutual cooperation.