Doha Bank Partners with Anil Ambani led Reliance Group
BANKING / INSURANCE
On the occasion, Doha Bank Group CEO Dr. R. Seetharaman has accentuated in a press conference the scope of the collaboration and said: “The arrangement will include financial services initiatives with Reliance Capital in the areas such as asset management, life and general insurance and distribution of financial services.” The
relationship-based model has been designed with a revolutionary approach
between Doha Bank and Reliance Group which has been engaged in pivotal roles in
the ongoing economic transformation of India. This agreement will open new
horizons for business reciprocity in Financial Services. The
agreement which has been formalized at the Sheraton Doha Hotel was signed by Mr. Anil D. Ambani,
Chairman, Reliance Group and Doha Bank Group CEO Dr. R. Seetharaman in the
gracious presence of Mr. Sanjiv Arora, Ambassador of India to Qatar. The exclusive assembly has been attended by the most renowned and influential
business leaders and investors in Qatar at which the Qatar Airways Group CEO Akbar Al Baker was the guest of honour. Also the event was attended
by a delegation of eminent businessmen from India.
The Strategic
Alignment is designed to
Generate Business Opportunities in the GCC and India
by Shrutee K /DNS
Doha,
September 7, 2015:Doha Bank and
Reliance ADA Group have entered into an alliance to create new opportunities
for cooperation and innovation in terms of business development across the GCC
and India. The MOU is envisaged to provide tangible
business opportunities and further prospects for expansion for Doha Bank and Mr.
Anil Ambani led Reliance Group. It will also provide synergy in product
development and congruence in mutual infrastructure support.
Doha
Bank which enjoys brand excellence, a vast network of branches and
representative offices across the world and multi-pronged initiatives; offers a
wide range of banking services related to Retail, Corporate, Treasury and
Investments.Doha Bank’s large growing customer base and its business
integration model sets the grounds for a perfectly fitted partnership with one
of India’s most diversified business houses, having a robust presence in
Financial Services, Telecom, Infrastructure, Entertainment, Power, Health Care,
and Defense industries.
On the occasion, Doha Bank Group CEO Dr. R. Seetharaman has accentuated in a press conference the scope of the collaboration and said: “The arrangement will include financial services initiatives with Reliance Capital in the areas such as asset management, life and general insurance and distribution of financial services.” The
relationship-based model has been designed with a revolutionary approach
between Doha Bank and Reliance Group which has been engaged in pivotal roles in
the ongoing economic transformation of India. This agreement will open new
horizons for business reciprocity in Financial Services. The
agreement which has been formalized at the Sheraton Doha Hotel was signed by Mr. Anil D. Ambani,
Chairman, Reliance Group and Doha Bank Group CEO Dr. R. Seetharaman in the
gracious presence of Mr. Sanjiv Arora, Ambassador of India to Qatar. The exclusive assembly has been attended by the most renowned and influential
business leaders and investors in Qatar at which the Qatar Airways Group CEO Akbar Al Baker was the guest of honour. Also the event was attended
by a delegation of eminent businessmen from India.
Mr. Anil D. Ambani the Chairman of
Reliance Group said: “We are glad to enter into this partnership which will
further reinforce the economic interaction between GCC and India. Reliance Capital will look forward to offering
customized solutions and investment products to Doha Bank customers.”
The scope of the partnership will strengthen
Doha Bank’s presence in India and the bank’s strategic role in trade finance,
banking and financial services across the region and in creating business
opportunities between GCC and India. It is worthwhile mentioning that all the
activities under the partnership will be strictly compliant with the laws and
regulations in India and the GCC. Reliance Group and Doha Bank partnership further
proves that there is so much to look forward to between Indiaand GCC.
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