Wednesday, 17 March 2010
Dubai allows Hindujas to offer full range of banking services
The Dubai Financial Services Authority has upgraded the Hinduja Bank's licence, a move that will allow it to provide a whole range of financial services to clients in Europe, Middle East and South Asia.
"The new licence enables it (Hinduja Bank-Middle East) to provide full range of banking services from the Dubai International Financial Centre (DIFC)", the bank said in a release.
Hinduja Bank (Middle East), a subsidiary of the Hinduja- promoted bank in Switzerland, started operations 16 months ago and now has been provided the licence to operate as Category-1 bank by the DFSA.
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