Business   

OBC plans overseas foray

MANGALORE: Oriental Bank of Commerce (OBC) is planning its overseas foray by setting up a representative office at Dubai in the next three to five months, its executive director, Allen C. A. Pereira, has said. The bank, which has also sent out feelers to another West Asian nation, Oman, to set up a representative office, had already held talks with financial authorities in Dubai.

Addressing media persons on the eve of the inauguration of its 1,309th branch at Deralakatte here on Monday, Mr. Pereira said the bank had also approached the Insurance Regulatory Development Authority for insurance foray. OBC is setting up a joint venture with Canara Bank and HSBC Bank in this regard.

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

Stories in this Section

Markets take cues from U.S.: Chidambaram
Oil prices decline
Rupee at new low
General Motors plans new small car
Gold hits record above $1,030 on financial crisis
SEZ status: meet on Thursday
Cashew output on the rise, except in State
Flights to Kochi airport to be rescheduled
OBC plans overseas foray
Exchange Rates
Bullion Rates
Panel for monthly, fixed base inflation
Tech Mahindra’s deal with BT Group
Cairn India raises $625m
IFC signs carbon delivery pact

Copyright © 2008, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu