Wednesday, 30 March 2011

Banks embracing India remittances

Banks are wooing expatriate workers in the UAE with deals on remittances, seeking to corner the lucrative market on money transfers.
Standard Chartered announced yesterday that it would waive fees on all online remittances to India until the end of May. The bank is hoping to attract more deposits from the 1.75 million Indian expatriates in the Emirates.  Read more.

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