Asked whether this alliance is a prelude to an equity alliance, Jaspal Bindra, chairman of Centrum Group, declined to comment. “The alliance with Doha Bank will enable us to offer our services to international corporate clients as well as non-resident Indians (NRIs) based in GCC countries. Doha Bank can leverage our extensive high networth Indians and corporate client base to expand their operations here,” said Bindra. R. Seetharaman, group chief executive officer of Doha Bank, said the bank has recently launched a second branch in India and is keen to venture into the areas of wealth management and investment banking. The tie-up with Doha Bank comes just a few months after a major top management change at Centrum.

Source: Mint August 28, 2016 18:59 UTC