BANK OF BARODA, UAE EXCHANGE LAUNCH FLASH REMITTANCE.
Bank of Baroda, a leading Indian public sector bank, has entered in to a tie-up arrangement with UAE Exchange for real-time instant credit remittance facility for non-resident Indian customers.
Ranjan Dhawan, managing director and chief executive officer of Bank of Baroda, and Dr B.R. Shetty, chief executive officer and managing director of the NMC Group and UAE Exchange, signed the agreement for Baroda Flash Remit in the presence of L.M. Asthana and Sudhir Kumar Shetty, president of UAE Exchange.
"Bank of Baroda is proud to join hands with UAE Exchange for introducing this innovative technology to transfer money to India at lightning speed. I am sure the new arrangement will further strengthen the relationship with both the organisation, which share a similar passion for customer service and derive the enthusiasm from same values," said Dhawan.
"We have always explored the possibilities of bringing the best to customers. Toward this, we have joined hands with Bank of Baroda to offer Baroda Flash Remit, our instant bank account credit service. We have a long relationship with Bank of Baroda. I am sure that this special tie-up will further tighten the bond of relationship between these two organisations," said Dr Shetty.
Bank of Baroda also held a customer meet. Consul-General of India Anurag Bhushan, the chief guest of the event, complemented the bank for its significant contribution in increasing the bilateral trade relationship between the UAE and India.
Dhawan dedicated the BOB Exclusive Service Lounge for high net worth customers at its Bur Dubai branch to provide priority services to HNI clients of the bank. The bank will extend the same services in other branches soon.
"We have all the services that any other global bank offers in the Middle East, except two gaps - mobile banking and credit cards. We will launch mobile banking and credit card services in the UAE and the region within the next two months," said Dhawan.