Qatar based Doha Bank to open state-of-the-art branch in Kochi
Q. Which Middle East bank is the only branch to open belonging to the GCC in India?- Published on 22 Aug 16a. Doha Bank
b. Bank of Saudi Arabia
c. Bank of Qatar
d. None of the above
ANSWER: Doha Bank
Qatar based Doha bank became the first GCC or Gulf Cooperation Council Bank to open a branch in India.
- Doha bank will open a branch in Kochi, located in the LULU International shopping Mall at Edapally, It will mainly cater to the needs of the large NRI population, both in Kerala and the Gulf.
- Bank branch will be inaugurated in August last week
- Doha Bank commenced operations in Mumbai in April 2015
- It provides corporate banking, retail banking, trade finance, treasury and foreign exchange services.
- Bank is focused on the GCC trade flows.
- It will become the bank of choice for GCC based NRIs mainly from Kerala and the business community who are based in GCC countries in India.
- Doha Bank operates in Kuwait, Dubai and Abu Dhabi. It also has representative offices in Singapore, London, Turkey, Korea, Tokyo, Australia, Canada, South Africa, Bangladesh, China, Sharjah, Frankfurt and Hong Kong.
- Doha Bank is one of the largest commercial banks in the State of Qatar.
- It was incorporated in 1978 and commenced its domestic and international banking services in Doha, Qatar on March 15, 1979
- Another South Indian state, Telangana has plans to set up a INR 270 crore leather complex.
- Telangana government plans to establish the leather complex at Station Khanpur village in Warangal district
- Sanction of INR 105 crore is sought under the Leather Development Programme in the Ministry of Commerce and Industry
