UAE Exchange India says confident of getting bank license - The Economic Times:
"Exuding confidence that it would get a banking licence in India, global forex remittance major UAE Exchange says it has already initiated work for an 800-branch network in the country and would focus mostly on rural areas.
Pitted against some of the biggest names of India Inc in seeking a bank licence, UAE Exchange's Managing Director and CEO B R Shetty said that his competitors may be "very big", but his group was also not a small one and is serving one lakh customers a day globally.
Born in Karnataka and a clinical pharmacist by education, Shetty first set up a healthcare business in the UAE in early 70s and later established UAE Exchange in 1980. "
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