Central Bank of India to open branch in Mozambique

29 October 2010

Vadodara, India, 29 Oct – The state-owned Central Bank of India (CBI) is preparing to open branches in a number of countries, among them China, Mozambique, Tanzania and Bhutan, the bank’s executive director, Rajeev Kishor Dubey, said on Thursday.

Cited by the newspaper The Economic Times, Dubey said the measure was meant to attract more international business and provide banking services to Indian citizens abroad.

Dubey, who did not reveal the number of branches due to open, called attention to the bank’s recently launched “Cent Fast2 India” transfer service, operated in association with the Bank of New York Mellon. It is meant for non-resident Indian citizens currently living in the United States of America. (macauhub)