Central Bank of India mulls tapping UAE market

The Central Bank of India may soon foray into the UAE to tap business opportunities in the region, according to a media report.

The public sector bank, which is marking its centenary year celebrations in 2011, is exploring possibilities of setting up a representative office in the Emirates, and opening of a branch at Dubai International Financial Centre (DIFC), an offshore financial district, a Khaleej Times report has said.

"Foraying into the Gulf region is a part of the bank's overseas expansion plan that will see the sleeping giant embarking on an aggressive growth swing after a period of stagnation," Central Bank of India executive director Rajeev Kishore Dubey said.

Dubey had earlier told PTI that the bank plans to expand to Hong Kong, Bhutan, Nigeria, Tanzania and Mozambique.

On Friday, Central Bank of India ended 0.85% down at Rs175.30 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.45% up at 20,073.66 points.

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HDIL launches Phase-II of Paradise City project

Real estate firm Housing Development and Infrastructure Ltd (HDIL) said it has launched the second phase of its mega-township project, Paradise City, being developed at Palghar (West) in Mumbai.

The company will offer 3,000 units-including 1-RK, 1, 2 and 3-BHK houses-under the second phase of the project, which will range from 340-940 square feet in size, besides shops ranging from 5,155-7,950 sq ft.

Almost 100 per cent of the units developed under the first phase of the project were sold out in less than two weeks, the company said in a statement here.Paradise City is an affordable housing project that HDIL claims will offer the convenience of modern living, coupled with a green and clean environment. The entire project will offer over 20,000 homes at affordable prices, it said.

On Friday, HDIL ended 1.79% up at Rs190.75 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.45% up at 20,073.66 points.

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COMMENTS

Siddhesh Vijay Patil

2 years ago

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Siddhesh Vijay Patil

2 years ago

we need Justice, we need helping hand, HDIL Paradise city Palghar, more details on link
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