Qatar National Bank (QNB) has secured the approval of India’s regulatory authorities to open a branch in India.
The new India branch will offer comprehensive banking services, and will help the bank attain its goal of strategic global expansion, QNB said in a statement.
QNB has a footprint in over 30 countries across three continents through its subsidiaries and associate companies.
The bank currently has over 1,200 locations, a network of over 4,300 ATMs, and employs more than 27,300 staff.
In June 2016, the bank closed the acquisition of 99.81% stake in Turkish lender Finansbank. The Qatari lender bought the stake from National Bank of Greece in a EUR2.7bn deal.