(a) whether the Pakistan Government has approached the Government of India for opening
of some branches of Pakistani Banks in India;
(b) if so, the details thereof; and
(c) the action taken by the Government thereon?
(a) whether the Pakistan Government has approached the Government of India for opening
of some branches of Pakistani Banks in India;
(b) if so, the details thereof; and
(c) the action taken by the Government thereon?
MINISTER OF THE STATE IN THE MINISTRY OF FINANCE (SHRI PAWAN KUMAR BANSAL)
(a) to (c) : Habib Bank Ltd., National Bank of Pakistan and United Bank Ltd. from Pakistan
have evinced interest in opening their branch / office in India. In the meeting of Governor,
RBI with the Governor of State Bank of Pakistan held on 26.09.2006, it was agreed that the
licences to the banks for opening of their branches / offices in each other`s country would
be given on reciprocal and simultaneous basis.