Doha Bank to buy HSBC Bank Oman business in India

Apr 20 2014, 03:02 IST
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SummaryHSBC Bank Oman is an indirect 51% owned subsidiary of HSBC Holdings.

Qatar-based Doha Bank has entered into an agreement with HSBC Bank Oman to purchase the latter's banking business in India.

HSBC Bank Oman is an indirect 51% owned subsidiary of HSBC Holdings.

Chairman of Doha Bank, Sheikh Fahad Bin Mohamed Bin Jabor Al Thani, said all staffers of the business operation will be transferred to Doha bank.

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