Doha Bank's third Indian branch opens today

04/04/2018 07:46 AST

Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank's third city in India after its successful establishment of branches in Mumbai and Kochi. The soft launch of the bank's Chennai Branch was held in February 2018.

This will be followed by a corporate event titled "Bilateral Business opportunities - Tamil Nadu, India and Qatar" at The Leela Palace, Chennai in the presence of VIP guests and reputed corporate houses in Tamil Nadu who would be keen to hear about potential business opportunities amongst Tamil Nadu, India and Qatar. Doha Bank will also host a grand reception in the same evening at The Leela Palace Chennai.

The inauguration ceremony will be attended by several high-profile business delegation including prominent Qatari and Indian Businessmen as well as members of Doha Bank's Board of Directors.

"The forthcoming opening of our third branch in Chennai highlights the importance of India in our International expansion strategy. The new branch will help us reach out to a wider segments of customers in the metropolitan city of Chennai while enhancing synergies amongst Tamil Nadu, India and Qatar." said Dr R Seetharaman, CEO of Doha Bank.

The Chennai branch will assist the bank's growing customer base in southern part of India with a wide range of services, including corporate banking, retail banking, treasury, trade finance and foreign exchange services.

The corporate and SME product offerings will include term loans, working capital (INR as well as in permitted foreign currencies), trade finance products, buyers and suppliers credit as well as treasury products and hedging solutions.

On the retail and NRI side, the bank offers the entire range of liability products like savings account (NRE, NRO, and ordinary), current account, term deposits (short term and long term), FCNR (B) deposits, exchange earners foreign currency account (EEFC), and PIS accounts. In addition, for NRIs, through their collaborations, they offer home loans, wealth management, and estate and succession planning services.

The Peninsula