Mumbai, 29th April 2015: Doha Bank, one of the largest commercial bank
in the State of Qatar, held the inauguration ceremony of its Indian operations
on Wednesday, 29 April 2015 in Mumbai. Doha Bank is the first Qatari Bank to
establish its full scale banking operations in India.
The
inauguration ceremony was well attended by several high-profile dignitaries
including H.E. Ali Sharif Al Emadi, the Hon’ble Minister of Finance, State of
Qatar, H.E. Sheikh Abdullah Bin Saoud Al-Thani, the Governor of Qatar Central
Bank and the Hon’ble Shri Suresh Prabhu, Minister of Railways, Government of
India. The inauguration ceremony was also
attended by the Indian Ambassador to the State of Qatar Mr Sanjiv Arora, Ambassador
of the State of Qatar to India, Mr. Ahmed Ibrahim al Abdullah, Ambassador to
India from other GCC countries, Hon’ble Minister of Industries – Government of
Maharashtra, Mr. Subhash Desai, Hon’ble Minister of State for Finance and Rural Development, Government of Maharashtra, Mr. Deepak
Vasantrao Kesarkar, Consular Generals from the Gulf Cooperation Council (GCC)
countries, and leaders from key Corporates, prominent dignitaries from GCC
countries as well as India along with senior members from the banking community
in India.
Doha Bank was
represented by H.E. Sheikh Fahad Bin Mohammad Bin Jabor Al Thani, Chairman,
H.E. Sheikh Abdul Rehman Bin Mohammad Bin Jabor Al Thani, Managing Director, Mr.
Ahmed Al Khal, Board Member of Doha Bank, Dr. R. Seetharaman, CEO of Doha Bank along
with the senior management team of Doha Bank.
“This is a
historic day for Doha Bank’s expansion in the Indian subcontinent as we
consider India as an important market, being one of the fastest growing
economies in the world, which is expected to overtake China in the years to
come” said His Excellency Sheikh Fahad Bin Mohammad Bin Jabor Al-Thani,
Chairman of the Board of Directors of Doha Bank. He further added that, “Doha
Bank has been pursuing a well thought out international expansion strategy as
envisioned by the Board of Directors of the Bank, by extending our global
footprint across 15 nations worldwide. In this pursuit, Doha Bank is the first
Qatari Bank to establish its full scale banking operations in India. With its
presence in the GCC countries, it would further enhance the niche role Doha Bank
is playing to facilitate the trade between GCC and India, benefitting its
customers in both the locations.”
His
Excellency Sheikh Abdul Rahman Bin Mohammad Bin Jabor Al-Thani, the Managing
Director of Doha Bank, said “The inauguration of banking operations
in India is yet another milestone and stands testimony to Doha Bank’s constant
endeavor to be recognized as a dynamic, modern and International Bank. It gives
us great pride in commencing a full-fledged banking operation in one of the world’s
largest and fastest growing economy, as we embark on our journey towards
becoming a truly global banking powerhouse and a one-stop financial services
provider, recognized beyond the shores of the Arabian Gulf.”
Dr. R.
Seetharaman, CEO of Doha Bank, said, “The huge size of the Indian market,
along with its rising per capita income levels and business-friendly policies, render
India as an essential and strategic location for Doha Bank.” On the products
and services offered by Doha Bank, Dr. R. Seetharaman, further added that, “We
are keen to expand our operational presence in India in the years to come and
have already set in motion our plans to service the customers through
innovative and technology driven products and services. Some of the key
products and services include comprehensive NRI 4 in 1 account packages, privileged
status for HNIs, credit passportability, Project Finance/advisory services to link
GCC markets, ECBs, unique deposit/investment products for Non Resident Indians.
All these products would be appropriately supplemented by technology driven
solutions such as digital account opening - Tablet Banking, best in class
mobile as well as phone banking solutions with SMS Alerts, robust Internet
Banking solutions, instantaneous e-remittances from GCC to India, online
payment integration with utility services and dedicated ‘India Desk’ across all
Doha Bank overseas locations to service its customers.” Dr. R. Seetharaman said
that the bank will play a significant role in bridging the GCC investors with various
business houses seeking investments in India, in line with the vision set out
by the Government of India and thus fulfill the needs of the investors and the
entrepreneurs through its dedicated Project Finance team.
As one of
Qatar's leading financial services institution, Doha Bank has been consistently
registering strong growth during the last decade in terms of asset growth, loan
growth, deposit growth and increase in shareholders’ value. Doha Bank established
its overseas branches in Kuwait, Dubai (UAE) and Abu Dhabi (UAE) as well as Representative
offices in Japan, China, Singapore, Hong Kong, South Korea, Australia, South
Africa, Turkey, the United Kingdom, Canada, Germany and Sharjah (UAE). Recently,
Doha Bank completed the process of amalgamation of the HSBC Bank Oman’s India
operations as at the close of business on March 31, 2015.
No comments:
Post a Comment