Qatar National Bank soon to open branch in India

Posted on:12 Sep 2016 09:31:17

Qatar National Bank soon to open branch in India
12 September 2016 Current Affairs GK:

Qatar National Bank (QNB) has been given approval to open a branch in India offering banking services, the Gulf region's largest lender .

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

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

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