VOL. XLIV
No 40
1-October-2001
OMAN
Bank Muscat Plans Expansion In India Through Stake Purchase In IDBI Bank
Bank Muscat announced on 19 September that it is in negotiations topurchase a 20% stake in Indias IDBI Bank, a private sector entity. Bank Muscatschief executive in India, Samit Ghosh, confirmed to Reuters that thepurchase is expected to be completed by the end of the year and said that amerger with a local bank was more effective than expanding the banksoperations independently which...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!