AB Bank PLC. established its first full-fledged overseas branch at Mumbai, India in the year 1996 as a foreign company under the provisions of the Companies Act, 1956 of India. The Indian Branch of the Bank encompasses all the conventional banking facilities. The branch focuses more on the Correspondent banking business which facilitates Indo-Bangla trade to increase business relationship between India & Bangladesh for mutual economic benefits of both the countries. The branch is under Authorized Dealer (AD) category and has a real-time on-line link with Head Office in Dhaka, Bangladesh and is also a member of SWIFT.
In brief, the overseas branch in Mumbai was opened by AB:
PRODUCTS: Mumbai Operations include a wide variety of products in line with Reserve Bank of India’s (RBI) instructions to meet the changing need and demand of the customers as under: