IndusInd Bank and Russia's Unistream tie up for NRI remittances
By Ankit Sharma
Oct 19, 2010
Print    Email    RSS   

Private sector lender, IndusInd Bank and Russian bank JCB Unistream have entered into an agreement for remittances in India.

"Having established ourselves as a major player in remittances from the Middle East, we are now keen to reach out to non resident Indians across other major markets. This arrangement with Unistream will help up tap into India bound flows from Europe and the UK," IndusInd Bank SVP and head global remittances Amit Talwar said.

He said that according to the agreement, customers can send money to India from any branch of Unistream to over 60,000 branches of IndusInd Bank in India.

There are currently 238 branches and 544 ATMs of the bank in India.

"Taking into account the size of the two financial institutions, Unistream's growing international business and IndusInd Bank's recognition in the region, we believe this tie-up is an important milestone in the history of financial sphere of not only India particularly but Asia in general," Unistream's CEO and president Souren Hayriyan said.


(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

Is the economy facing a debt trap?
Understand Your Credit Card Statement
Increasing trend of prepaid cards in India
Carnival of Indian Personal Finance Blogs #5
Live in Style - Lifestyle credit cards

Good Morning, i forgot my FCMB Account Number and...
Radhey@09646870399 @Escoℛts In#Chandigarh...
Radhey@09646870399 @Escoℛt In#Chandigarh...

91st Founders day of the Karnataka Bank Feb 18, 2015
Banks on strike from 25th February Feb 16, 2015
SBT bank postponed the Open House meet Feb 13, 2015
Yes bank planning to line up for credit card portfolio Feb 12, 2015
Pocket banking – new app by ICICI bank Feb 11, 2015
News Archive