Federal Bank to open its first overseas branch in Dubai

Posted on:14 Nov 2016 18:07:03

Federal Bank to open its first overseas branch in Dubai
14 November 2016 Current Affairs GK: Federal Bank has received Reserve Bank of India (RBI)'s permission to open its first international branch at the Dubai International Financial Centre.

The bank, in a statement, said the permission is subject to other approvals from the host regulator, Dubai Financial Services Authority.

The proposed branch at Dubai will help the Bank serve its Non-Resident clientele better, the statement added.

Federal Bank has its Representative Office at Abu Dhabi that serves as a nerve centre for NRI customers in the UAE. The Bank also has an IFSC Banking Unit (IBU) in Gujarat International Finance Tec-City (GIFT City).

The private sector bank operates through a branch network of 1,252 branches and 1,524 ATMs spread across the country. The Bank’s total business mix (deposits + advances) stands at Rs 1.37 Lakh Crore as at March 31, 2016.

Gk Current Affairs April 2017

29 APRIL
NEWS
28 APRIL
NEWS
27 APRIL
NEWS
26 APRIL
NEWS

Gk Current Affairs March 2017

31 MARCH
NEWS
30 MARCH
NEWS
29 MARCH
NEWS
28 MARCH
NEWS

Gk Current Affairs February 2017

28 FEBRUARY
NEWS
27 FEBRUARY
NEWS
25 FEBRUARY
NEWS
24 FEBRUARY
NEWS




Get Daily Current Affairs to your Email

You can Unsubscribe us at any time.

Get Daily Current Affairs to your Email

You can Unsubscribe us at any time.