Qatar National Bank gets approval to open branch in India


Doha: On Sunday the Gulf region’s largest lender has conveyed that, Qatar National Bank (QNB) has been given endorsement to open a branch in India contribution banking services. The bank, which in June concluded the €2.7 billion purchase of Turkey’s Finansbank, has an attendance in more than 30 countries across Europe, the Middle East, Africa and Asia.

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In a declaration, QNB has also further conveyed that, it obtained the approval of India’s regulatory authorities to conduct operations in that nation, adding the move would help towards achieving its goal of strategic worldwide development. Though, the bank did not confirm a specific date on which it would begin its India operations.

 The Doha-based lender, together with its subsidiaries, provides commercial banking products and services. The bank, which has its presence in more than 30 countries, operates in four banking segments — corporate banking, consumer banking, asset and wealth management and international banking.

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