 "Doha Bank plans $250 mn capital infusion in Indian operations")
Doha Bank plans to infuse about $250 million as capital into its Indian operations over the next three years to support its loan book of $2.5 billion.
The Qatar-based commercial bank already has a banking relationship with Indian companies active in Gulf countries, said R Seetharaman, chief executive, Doha Bank.
The bank has three branches in India — two in Mumbai and one in Kochi. Two branches (one each in Mumbai and Kochi) came to it when it took over the business operations of HSBC Bank Oman in India. The second Mumbai branch was opened last week.
Doha Bank has a $2-billion exposure to Indian companies through overseas operations. The bank intends to grow India-linked businesses by $5 billion.
The bank would maintain a healthy capital adequacy level, Seetharaman added.
The Qatar-based commercial bank already has a banking relationship with Indian companies active in Gulf countries, said R Seetharaman, chief executive, Doha Bank.
The bank has three branches in India — two in Mumbai and one in Kochi. Two branches (one each in Mumbai and Kochi) came to it when it took over the business operations of HSBC Bank Oman in India. The second Mumbai branch was opened last week.
Also Read
Seetharaman said the branch presence in India would give the bank a strong base to scale up its business here.
Doha Bank has a $2-billion exposure to Indian companies through overseas operations. The bank intends to grow India-linked businesses by $5 billion.
The bank would maintain a healthy capital adequacy level, Seetharaman added.