Singapore agreed to allow 2 Indian banks to launch full banking operations

Singapore has agreed to allow State Bank of India and ICICI Bank to launch full banking operations in the city-state under its Comprehensive Economic Cooperation Agreement with India.

The Times of India reported this, citing a senior commerce ministry official.

The report said the two Indian banks and 9 other Singapore banks will be granted Qualified Full Banking licences by the two countries.

He said the Reserve bank of India and the Monetary Authority of Singapore would be working on the terms and conditions on allowing banks from the respective countries to start full operations.

The official said while no timeframe has been set, the authorities are looking at completing the formal process for banks from the two countries to start operations by December.

Count your age by friends not years  

Up Up Up....  

对不起，我走错地方了，呵呵