SIB in pact with Saudi bank

South Indian Bank has entered into SIB Express remittance arrangement with Arab National Bank for providing fast remittance services to NRI expatriates in Indian rupee.

Arab National Bank has 93 centres across Saudi Arabia. SIB at present has remittance arrangement with Al Rajhi Bank and AJamoudi Exchange Company in Saudi Arabia.

This is the second hank in Saudi Arabia with whom SIB has entered into remittance arrangement, a press release said.