Last Updated February 01, 2008
Punjab National Bank has opened a new branch in Hong Kong, offering banking facilities including trade finance and loan syndication.
The Indian bank is also in the process of turning its Shanghai representative office into an established commercial banking branch.
"Hong Kong is the bank's gateway to the Chinese mainland. The trade between China and India has already reached the figure of US$38bn U.S. dollars," K C Chakrabarty, chairman and managing director of the India-based bank commented at the opening ceremony, highlighting the opportunities a Hong Kong base will bring the bank.
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