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Qatar National Bank (QNB) has been given approval to open a branch in India offering banking services, the Gulf region’s largest lender. The bank, which in June concluded the 2.7 billion euro purchase of Turkey’s Finansbank, has a presence in more than 30 countries across the Middle East, Europe, Africa and Asia.
In a statement, (QNB) Qatar National Bank said it obtained the endorsement of India’s regulatory authorities to conduct operations in that nation, adding the move would help towards attaining its goal of strategic global growth.