RBI grants 12 new licences to foreign banks in 1998-99 - আৰবিআই - Reserve Bank of India
RBI grants 12 new licences to foreign banks in 1998-99
The Reserve Bank of India has issued further five licences for the year 1998-99 for opening branches by foreign banks in India as under
Name of bank | Centre |
1. Citibank N A | Ahmedabad |
2. American Express Bank | Bangalore |
3. ANZ Grindlays Bank PIc | Pune |
4. Bank of Nova Scotia | Hyderabad |
5. Standard Chartered Bank | Bangalore |
The Reserve Bank of India had earlier during the year issued 7 licences which included two maiden branches of new foreign banks and 5 licences for additional branches of existing banks as follows
Maiden branches of new foreign banks | |
1. Morgan Guaranty Trust Company of New York, USA | Mumbai |
2. KBC Bank NV. Belgium | Mumbai |
Expansion by existing banks | |
1. Citibank N A | Hyderabad |
2. ABN Amro Bank | Indore |
3. Banque Nationale de Paris | Secunderabad |
4. Bank of Ceylon | Coimbatore |
5. Hong-kong & Shanghai Banking Corporation | Hyderabad |
Alpana Killawala
General Manager
Press Release : 1998-99/1565