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Federal Bank has taken up the management of World Exchange Centre WLL in Bahrain.
With this arrangement, the bank has strengthened its foothold in Bahrain, a press statement said.
Federal Bank has presently 8 inward remittance arrangements with Exchange Houses from Bahrain.
On signing the Management Agreement with World Exchange, Mr A Surendran, Additional General Manager & Head International Banking, Federal Bank said ‘with the present tie up with World Exchange, Federal Bank is hopeful of serving Indian diaspora in Bahrain in a more efficient manner’.
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