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Syndicate Bank renews ties with Oman exchange

MUMBAI: Syndicate Bank has renewed its management service contract with the Oman-based Musandam Exchange to enable Indian expatriates to take advantage of the bank's speed remittance products including Syndicate e-remit, Syndicate e-draft and money transfer scheme. The agreement, to remain in vogue till May 2008, was signed by N. Kantha Kumar, Chairman and Managing Director Syndicate Bank and Mohammed Sulaiman Al Tehli, proprietor, Musndam Exchange, at Muscat on Thursday.

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