RBI allows two new foreign banks to open branches in India - RBI - Reserve Bank of India
55154012
Published on May 12, 1998
RBI allows two new foreign banks to open branches in India
The Reserve Bank of India has permitted two new foreign banks to open a branch each in India viz. Morgan Guaranty Trust Company of New York, USA a banking subsidiary of JP Morgan & Co. USA and Kredietbank N.V. of Belgium. Both the banks will open their respective branches in Mumbai. (Alpana Killawala) Press Release : 1997-98/1069 |
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