Pakistan's NBP hopes to open Indian branch soon

ISLAMABAD, Oct 13 (Reuters) National Bank of Pakistan (NBP) NBPK.KA>, the country's largest bank, hopes to set up its first branch in India next year, the bank's president said on Friday.

''We submitted an application to the Reserve Bank of India a few months back, and have since been in continuous correspondence with them,'' Syed Ali Raza told Reuters.

''These things take time. But all going well, we hope to open up a branch there by the middle of next year,'' he said.

State-run NBP has a market capitalisation of about