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STATE BANK OF INDIA OPENS FIRST COMMERCIAL BRANCH IN BAHRAIN.
DUBAI, Feb 1 Asia Pulse - State Bank of India (BSE:500112) will open its first commercial branch in Bahrain today with an initial investment of US$3 million.
"We shall function like any other local bank and the initial services will include time deposits, savings bank accounts and instant remittance services for non-resident Indians," General Manager S M Farooque Shahab told the Gulf Daily News.
"We are not in competition with exchange companies, but in fact will play a complementary role."
The second phase of the commercial branch services, including ...
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Source: HighBeam Research, STATE BANK OF INDIA OPENS FIRST COMMERCIAL BRANCH IN BAHRAIN.