IndusInd Bank ties-up with Abu Dhabi Bank

New Delhi, Mar 27 (UNI) IndusInd Bank (IBL) today announced a strategic alliance with Union National Bank (UNB) of Abu Dhabi to explore business opportunities generated by expatriates.

The alliance will encompass a wide range of banking services, including deposit accounts, remittance business, loans, wealth management advisory, distribution of third party products,trade finance, global banking, and investment banking including corporate finance.

Through this alliance both banks will focus primarily on the business opportunities generated by expatriate minority communities (especially Non-Resident Indians) in the UAE.

IBL and UNB will treat each other as preferred partners with reciprocity of business flows and promotion of each other's banking services.

''This alliance is expected to create significant new business opportunities. More importantly, we expect to improve the overall quality of service being offered to the expatriates, specifically to Non-Resident Indians in the UAE,'' Union National Bank CEO Mohammad Nasr Abdeen said.

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