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Hyderabad:
Bank
of Bahrain & Kuwait has announced that it has entered
into retail banking operations in India.
The
bank says it is in the process of changing the core banking
software in its Indian operations to enable it to offer
new products to customers and enhance the retail banking
capabilities.
The
new banking software is expected to go live by end-February
2003. For the year ended 31 December 2002, the bank posted
a profit of Bahrain dirhams 20 million ($53 million),
recording a growth of 20.3 per cent over the previous
year.
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