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Money & Banking - Alliances & Joint Ventures
Industry & Economy - NRIs
City Union, Doha Bank tie up

Our Bureau

Coimbatore, May 4

City Union Bank has entered into an `e-remittance' service agreement with Qatar-headquartered Doha Bank QSC. The agreement envisages electronic remittance of funds by NRI clients of CUB (in West Asian countries) to designated beneficiaries accounts in any of the 165 branches of the bank stating that this is first agreement for CUB with a foreign bank, its Chairman and CEO, Mr S. Balasubramanian, said the facility would garner more business for tapping the NRI investments in these countries. Mr Raghavan Seetharaman, Deputy Managing Director, Doha Bank, inked the agreement on behalf of the foreign bank.

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