Question : INVESTMENT IN INDIA BY AUSTRALIAN BANK



(a) whether the Australian Bank has expressed its keenness to invest in India;

(b) if so, whether the Australian Bank has held any talks with the Government in this regard;

(c) if so, the details thereof; and

(d) the outcome thereon?

Answer given by the minister

MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI S.S. PALANIMANICKAM)

(a) to (d) :The Commonwealth Bank of Australia has been permitted to open a representative office at Bangalore.