Bank of India returns to Glasgow

June 13th, 2008 - 6:59 pm ICT by IANS  

Glasgow, June 13 (IANS) Bank of India Friday returned to the Scottish city of Glasgow after an absence of more than a decade. Indian High Commissioner Shiv Shankar Mukherjee opened the bank’s new branch on Elderslie Street.

The public sector bank is taking 1,435 square feet on the ground floor of the refurbished office building at a cost of 23,678 pounds per year. It has signed a 10-year lease.

The bank’s first British office was established in London in 1946 - its first branch outside India that is authorised and regulated by the UK Financial Services Authority.

Currently, Bank of India has British branches in London, Birmingham, Eastham, Wembley, Leicester, Manchester and Jersey in the Channel Islands.

It undertakes both retail and corporate banking activities primarily targeted at Non-Resident Indians.

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