..........National Bank of Abu Dhabi (NBAD) has applied for a licence to the Reserve Bank of India to open a branch in Mumbai, its first in India. "India is the biggest trading partner to the UAE so it will make perfect sense for us to be there," said Prakesh Sheth, the head of the international credit and marketing unit at NBAD, at the Arab India Partnership Conference in Abu Dhabi yesterday. "It will be the gateway for the Arab world who want to do investment and business in India and also for Indian companies wanting to set up in the Arab world.".....................
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