South Indian Bank gets RBI nod to open rep office in Dubai

South Indian Bank gets RBI nod to open rep office in Dubai

16/11/2016 12:01

Private sector lender South Indian Bank on Wednesday said it has received the Reserve Bank of India’s (RBI’s) approval to open a representative office of the bank in Dubai, UAE.

In a filing to the Bombay Stock Exchange, the bank said, “RBI has given its approval vide letter dated November 08, 2016 to open a representative office of the Bank in Dubai, UAE.”

Meanwhile, shares of the bank were trading at Rs 22.80 apiece, up 0.88 per cent, from previous close on BSE at 12:05 hours.

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