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BBK to open third branch in India
- Bahrain: Monday, March 18 - 2013 at 07:38
Bank of Bahrain and Kuwait (BBK) has raised its capital in India to $30m in 2012, and is looking to further raise it by another $15m once its branch in New Delhi receives approval from the Reserve Bank of India, Gulf Daily News has reported. "The Reserve Bank of India has held on to our application for the New Delhi branch for the last two years and we hope it will be approved soon," said BBK chief executive, Abdulkarim Bucheery. The lender is set to open its third branch in India, in Kochi, soon, he added.
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