Pak's largest bank set to establish Indian branch in Mumbai or Delhi

Last Updated: Sat, Feb 23, 2013 11:40 hrs

The National Bank of Pakistan (NBP) is set to establish a banking channel between India and Pakistan by opening a NBP branch in Mumbai or Delhi.

NBP President Dr Asif Brohi stated that NBP has already contacted the Reserve Bank of India to seek permission for establishing the NBP branch in India and is awaiting a formal approval, the Daily Times reports.

Brohi further said that the bilateral trade relations between the two countries would flourish after the establishment of the banking channel and added that NBP is also catering to the banking needs of Pakistani businessmen in entire Central Asia after the opening of NBP branch in Tajikistan. (ANI)

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