Central Bank opens liaison office in Hong Kong

The third largest public sector lender by branches Central Bank of India  said it has opened a representative office in Hong Kong.

The representative office will facilitate the bank to tap the huge business potential in the thriving island city by providing marketing and liaisoning, its chairman and managing director Rajeev Rishi said in a statement.

He said the office will not engage in core banking but will use its local presence to explore business opportunities with the aim of establishing a long—term presence and penetrate the markets.

Source: thehindubusinessline