BBK, Bahrain pioneer in retail and commercial banking announced the opening of its third branch in India, at Aluva, in Kochi (Kerala) on May 24TH 2013.
The Branch was inaugurated by the Prof. K.V. Thomas, Minister of foods and Consumer Affairs, Govt. of India and Mr. Anwar Sadath, MLA, Mr. V.D. Satheesam, MLA, Mr. Jacob Moothedan, Chairman Aluva Municipality in the presence of members, of the BBK Executive Committee as well as the senior management, headed by Mr. A.Karim Bucheery, BBK Chief Executive and Mr. Mallikarjun Kota, Country Head – BBK India
BBK’s presence in India dates back to 1985 with the opening of its first branch in Mumbai, followed by a second one in Hyderbad. Then in 2012, the Reserve Bank of India granted BBK the license to operate the
third branch in the country, in Kochi.
During the press conference held on this occasion, Mr A.Karim Bucheery commented: “We are very pleased to strengthen our presence in India considering the strong ties between the Kingdom of Bahrain and the Republic of India, built over long decades. Even before entering the India market, BBK has always focused on offering products and services to the NRI (Non Resident Indians) community from its Bahrain, Kuwait and UAE branches”
Like the other BBK branches in India, the Cochin branch is equipped with full fledged NRI desk that cater to a variety of needs of Non-Resident Indians like personalized banking, equity broking and wealth management. It offers full-fledged services and facilities to Corporate customers including small to medium enterprises |(SMEs), while it will further widen the base of resident customers.
“Our commitment to growing our business in India, in line with our overall expansion strategy, is ongoing and we have already applied for a license to establish a fourth branch in one of the main cities of the country. India has
enormous growth potential and we anticipate new opportunities to leverage our GCC presence there and to capitalise on trade flows and money transfers between India and the GCC” added Mr. Bucheery.