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Foreign banks are queuing up to open offices in India

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Anticipating opportunities in India after 2009, foreign banks are queuing up to open offices in India.

  • Royal Bank of Canada, the largest bank in Canada, opened its first representative office in India, in Mumbai on February 1.
  • Glitnir, the Northern European bank headquartered in Iceland, also announced that it would be filing applications with the Reserve Bank of India to open a representative office in India.