Chennai, Apr 4 (UNI) The Qatar-headquartered Doha Bank on Wednesday formally launched its Chennai operations by relocating one of its Mumbai branches in this city.
Doha Bank CEO R Seetharaman launched the Chennai operations at a function held in a city hotel.
For Doha bank, Chennai was the third city in India after Mumbai and Kochi.
Talking to reporters, he said the Chennai branch would focus on corporate and retail segments for business.
Stating that the bank would focus on corporate and retail business in India, he said it would also facilitate bilateral trade between Tamil Nadu and Qatar.
On the reason for choosing Chennai, he said the State needed more investments and the resources in Gulf countries were enormous.