LKB to open branch in Kabul
By Our Banking Bureau | 28 Nov 2003
Kochi:
The
Kerala-based Lord Krishna Bank (LKB) is in the process
of opening a branch in the Afghan capital of Kabul.
The bank has applied for the Reserve Bank of India''s licence in this regard and the approval is pending, according to LKB managing director and chief executive officer R M Nayak.
The bank also has plans to open branches in some North African countries such as Sudan, for which it was in the process of conducting a survey, he adds.
For the convenience of non-resident Indian customers, the bank signed a rupee-drawing arrangement here on Wednesday with the Wall Street Exchange Centre Llc, Dubai.
Similar arrangements are in the offing with more exchange houses in Saudi Arabia, Qatar, Bahrain and the Sultanate of Oman, says Nayak. "The bank already has such arrangements in Abu Dhabi."
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