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April 6, 2018

Doha Bank strengthens footprint in India

Qatar-based Doha Bank has expanded its presence in India by launching a branch in Chennai, Tamil Nadu.

The new branch is the bank’s third in the country. Its other Indian branches are located in Mumbai and Kochi.

The branch will offer retail banking, corporate banking, treasury, trade finance as well as foreign exchange services.

Its retail offerings will include savings account, current account, term deposits, FCNR (B) deposits, exchange earners foreign currency account, and PIS accounts.

It’s corporate and SME product range will include term loans, working capital, trade finance products, buyers and suppliers credit, treasury products and hedging solutions.

For NRIs, the bank will provide home loans, wealth management, and estate and succession planning services.

Doha Bank CEO R. Seetharaman said: “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.”

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