Federal Bank takes up management of World Exchange Centre

Federal Bank has taken up the management of World Exchange Centre WLL in Bahrain.

With this arrangement, the bank has strengthened its foothold in Bahrain, a press statement said.

Federal Bank has presently 8 inward remittance arrangements with Exchange Houses from Bahrain.

On signing the Management Agreement with World Exchange, Mr A Surendran, Additional General Manager & Head International Banking, Federal Bank said ‘with the present tie up with World Exchange, Federal Bank is hopeful of serving Indian diaspora in Bahrain in a more efficient manner’.