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Home » Foreign Banks in India » Mashreq Bank India | |||||||||||||||||
Mashreq Bank |
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Mashreq began life as the Bank of Oman, based in Dubai, in 1967. Celebrating its 40th birthday in 2007, Mashreq has grown to its current position as one of the leading financial insitutions in the United Arab Emirates (UAE). Mashreq Bank is the first UAE bank to offer chip-based credit cards and digital point-of-sale readers, alongside innovations such as an investment fund directly linked to the Indian stock market. Mashreq offers to its customers top quality credit facilities, wide range of deposit products, NRI services, a fully equipped dealing room and a strong remittances department to give a complete banking experience. |
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Mashreq specializes in providing structured finance to mid corporate and in the SME region. Mashreq branch in India are equipped with full fledged NRI desk that cater to variety of needs of Non-Resident Indians like personalized banking, equity broking and wealth management. NRIs residing in Dubai, Kuwait and UAE can contact the dedicated NRI Services Desks established in these countries for all their needs. |
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Foreign Banks like Mashreq Bank in India always brought an explanation about the prompt services to customers. After the set up foreign banks in India, the banking sector in India also become competitive and accretive. New rules announced by the Reserve Bank of India (RBI) for the foreign banks in India in Budget 2009 has put up great hopes among foreign banks which allows them to grow unfettered. Now foreign banks in India are permitted to set up local subsidiaries. The policy conveys that foreign banks in India may not acquire Indian ones (except for weak banks identified by the RBI, on its terms) and their Indian subsidiaries will not be able to open branches freely. Please see the list of Foreign banks in India till date.
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