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Indian Bank Gets Approval To Commence Operations In New Zealand

Reserve Bank has so far registered 19 banks in New Zealand

The Reserve Bank of New Zealand has announced that Baroda (New Zealand) Limited, has been registered as a bank in New Zealand.

Reportedly, the bank, which is a subsidiary of Bank of Baroda (India), will be changing its name to Bank of Baroda (New Zealand) before it commences operations.

According to Reserve Bank website Reserve Bank has so far registered 19 banks in New Zealand.