DOHA BANK EYES AG­GRES­SIVE EX­PAN­SION IN IN­DIA

Qatar Today - - BUSINESS > BANK NOTES -

Doha Bank expects to more than dou­ble its ex­po­sure in In­dia to $5 bil­lion over the next three years, up from the cur­rent $2.3 bil­lion. The bank, which com­menced In­dian oper­a­tions ear­lier this year with its first branch in Mum­bai, later ac­quired two more branches in Mum­bai and Kochi. Dr R Seetharaman, Chief Ex­ec­u­tive Of­fi­cer of Doha Bank, said, “In­vestors and banks from the

Mid­dle East are keenly look­ing at the un­fold­ing op­por­tu­ni­ties for in­vest­ments in In­dia in the ar­eas of in­fra­struc­ture, cor­po­rate lend­ing and fund­ing small and medium-sized en­ter­prises. The bank is in the process of set­ting up an In­dian sub­sidiary as early as pos­si­ble and this will en­able us to ex­pand and set up more branches in In­dia.”

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