Source Pravda.Ru

State Bank of India and Canara Bank to establish joint subsidiary in Russia

A joint subsidiary of the State Bank of India and the Canara Bank will be established in Russia. As the external and public relations department of the Russian Central Bank reported, this decision was made at the 7th meeting of the subgroup for banking and financial issues of the Russian-Indian governmental commission. The necessity of opening such a bank was pointed to earlier, too, but "the principle decision was made only now", a source in the Central Bank reported to RBC. According to a representative of the Central Bank, the term of opening the subsidiary has not been discussed yet; however, "this issue is currently worked on".

Additionally, as it was previously reported, subsidiaries of French, British and Italian credit institutions are to be registered in Russia by the end of 2002. As of April 1, 2002, there were 25 credit organizations registered in Russia, the authorized capital of which was 100 percent nonresident. Over the first quarter of 2002, the number of such banks increased by two; the Natexis Populair Bank and the International Bank of Azerbaijan Moscow were registered in Russia.

©

&to=http://www.cbr.ru/eng/' target=_blank>Central Bank

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases
Comments
Russia starts transforming Syria
Russia starts transforming Syria
Russia starts transforming Syria
Russian athletes announce their decision about 2018 Winter Olympic Games
Russia starts transforming Syria
Russia starts transforming Syria
Bloomberg makes gloomy forecast of brightless future for Russia
Bloomberg makes gloomy forecast of brightless future for Russia
Bloomberg makes gloomy forecast of brightless future for Russia
Human Organs Trafficking Prospers Amid Crisis
Bloomberg makes gloomy forecast of brightless future for Russia
Why did Donald Trump recognise Jerusalem as the capital of Israel?
Russia to spend trillions to upgrade its army and navy before 2027
Russia to spend trillions to upgrade its army and navy before 2027
Capitalism reduced Indonesian cities to infested carcases
How Gaddafi’s Great Man-Made River Project became part of Water Wars
Russia to spend trillions to upgrade its army and navy before 2027
Russia to spend trillions to upgrade its army and navy before 2027
Unveiled: Secret Pentagon UFO program. From science fiction to science fact
Treasure of Catherine II times found in city centre of Moscow
Riots spark in Ukraine again, but people will not die for idiots this time