Qatar National Bank to open branch in India

Qatar National Bank has a presence in more than 30 countries across Europe, the Middle East, Africa and Asia

Tom Finn
Updated29 Aug 2016
Photo: Bloomberg <br />
Photo: Bloomberg

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 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. Reuters

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