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Remittances rise as NRIs bet on strong rupee

Remittances, mostly from the United Arab Emirates, saw a 10 per cent jump in March, compared to February, with non-resident Indians betting on a stronger rupee in the event of the Bharatiya Janata......

As rupee sinks, NRIs take loans to remit money

Average amount stands at Rs 1.5-2 cr, while borrowing sources are not only banks but friends as well Non-resident Indians (NRIs) are taking loans to remit more money to India to benefit from the......

i-flex, Abu Dhabi bank ink pact

i-flex Solutions on Thursday signed an agreement with Abu Dhabi Commercial Bank for implementing FLEXCUBE core banking system.Scheduled to go live in the fourth quarter of 2004, the solution will......
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Sources

DUBAI: Royal Bank of Scotland (RBS) has ended its plan to sell its United Arab Emirates cash management and trade finance business to Abu Dhabi... ...

http://economictimes.indiatimes.com/news/international/business/rbs-ends-plan-to-sell-uae-transaction-services-to-adcb-sources/articleshow/48238752.cms
Abu Dhabi Commercial Bank Q2 net profit up 21%, beats estimates

ABU DHABI: Abu Dhabi Commercial Bank on Tuesday posted a 21 per cent rise in second-quarter net profit which slightly beat analysts' forecasts,... ...

http://economictimes.indiatimes.com/news/international/business/abu-dhabi-commercial-bank-q2-net-profit-up-21-beats-estimates/articleshow/48160201.cms

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