By IANS,
Kolkata : City-based Allahabad Bank signed a pact Monday with the Gulf-based money transfer and exchange house UAE Exchange and Financial Services for promoting its own money transfer services, the company said here.
According to the state-owned bank’s chairman and managing director K.R. Kamath, the association would “create enormous scope” for providing remittance facilities to the bank’s customers and augmenting its fee-based income.
“Under the tie-up, the bank shall become a preferred partner of the (UAE) company as a service provider in the area of inward money transfer in India,” a bank statement said.
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