Qatar National Bank to start operation in India

New Delhi, May 21 (IANS) Qatar National Bank (QNB), one of the Gulf region’s largest lender, Tuesday said it will set up a fully-owned subsidiary in India and start operations in the third quarter of 2013.

The Doha-headquartered lender said it has received “all regulatory approvals” to establish a fully-owned subsidiary under the name of “QNB (India) Private Limited”.

“QNB (India) will take the role of extending consultancy and advisory services in the field of investment and finance for the Middle East companies that are willing to establish businesses and/or invest in India,” the company said in a statement.

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