TaxTMI 
TaxTMI 
Bank Branches Abroad
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....ank Branches Abroad <br>News and Press Release<br>Dated:- 15-3-2013<br><BR>As on 28.02.2013, 10 Nationalised Banks have 100 branches in overseas jurisdiction. The banks open their offices / branche....
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....s in overseas jurisdiction for various business and strategic considerations including to tap overseas market potential, to provide better customer services to their overseas trade clients, to integra....
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....te with international financial markets, to mitigate risk in forex, to improve their bottom-line, etc. However decision to expand in overseas jurisdictions are taken by the Boards of the Banks. The Re....
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....serve Bank of India (RBI) and Government facilitate overseas expansion of Indian banks by granting expeditious approval; removal of difficulties in opening of offices / branches and in their operation....
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....s in overseas jurisdictions; etc., on the merit of each case. This was stated by Minister of State for Finance, Shri Namo Narain Meena, in written reply to a question in the Lok Sabha today.<BR> Ne....
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....ws - Press release - PIB....