Qatar National Bank Gets Nod To Open India Branch

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Doha: Qatar National Bank (QNB) has been given approval to open a branch in India offering banking services, the Gulf region’s largest lender said on Sunday.

The bank, which in June completed the 2.7-billion-euro purchase of Turkey’s Finansbank, has a presence in more than 30 countries across Europe, the Middle East, Africa and Asia.

In a statement, QNB said it obtained the approval of India’s regulatory authorities to conduct operations in that country, adding that the move would help towards achieving its goal of strategic global expansion.

Reuters

 

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