Business - Briefly   

Bahrain grants licence to ICICI Bank, SBI

DUBAI, JAN. 9. Bahrain has granted an offshore banking unit (OBU) licence to ICICI Bank, India's second largest bank, and has approved `in principle' a restricted full commercial bank licence for State Bank of India.

The two Indian banks were among four foreign banks that were granted licences, the Bahrain Monetary Agency (BMA) said.

The new licences were recently approved by Shaikh Khalifa Bin Salman Al Khalifa, Prime Minister of the Kingdom of Bahrain, and Chairman of the BMA Board, on the eve of his four-day visit to India beginning Sunday.

— PTI

Printer friendly page  
Send this article to Friends by E-Mail

Business

News: Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous |
Advts: Classifieds | Employment | Obituary |

Stories in this Section

• Infosys net profit up at Rs. 328 crores in Q3
• Sensex touches new high in volatile trading
• Maruti hikes prices
• View markets with equanimity, says Bajpai
• Rupee moves up
• Powerlinks achieves financial closure
• HDFC Bank Q3 net up
• Stock Market Index
• Bullion rates
• Exchange rates
• Bahrain grants licence to ICICI Bank, SBI
• Mallya refutes charges
• Laser Soft eyes global space

Copyright © 2004, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu