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Pak-India to host each other's bank branches: Indian media

Dawn.com Published August 23, 2012
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Yasin Anwar — File Photo
The Indian media had quoted the Governor of State Bank of Pakistan Yaseen Anwar (above) as saying that that the two countries had agreed to isse complete banking licenses to each other.     — File Photo

NEW DELHI: The India media reported that Pakistan and India have agreed to issue complete banking licenses and to open branches of two banks hosted in each others countries, DawnNews reported on Thursday.

The Indian media had quoted the Governor of State Bank of Pakistan, Yaseen Anwar as saying that State bank of India and Bank of India would open in branches in Pakistan whereas the National Bank of Pakistan ad United Bank Ltd would open its branches in India.

He further added that it might take a few months for the Indian banks to get approval for license.

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