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Lulu International, GCC Exchange ink partnership deals with India KVB
- United Arab Emirates: Thursday, May 09 - 2013 at 01:10
Abu Dhabi's Lulu International Exchange and Dubai-based GCC Exchange House have entered into a partnership with India's Karur Vysya Bank (KVB) for remitting money electronically to India, The Hindu has reported. Under the speed remittance arrangement, proceeds are to be electronically credited to beneficiaries' account with the bank on the same day the Exchange House remits funds to their accounts with KVB. The bank said it also capability to credit the proceeds to beneficiaries' accounts with other banks in India through the NEFT mode.
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