Qatar National Bank gets go-ahead to open branch in India

29/08/2016 05:30 AST

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 (Dh11.1 billion) 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 the move would help towards achieving its goal of strategic global expansion.


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