Reserve Bank of India (RBI) has issued a license to operate Bank of China in India.
new Delhi. China and India’s friendship is reaching new ground. Where an Ace China is trying to fulfill its promises to India. On the other hand, the other aer has fulfilled its promise made by India. India has given China the biggest help till now. That will give China and India’s friendship and more strength. Together, the business relationship between the heights will increase. Let us tell you that the country which Prime Minister Narendra Modi has gone the most during the last four years, China is the only one. From where he started writing a new narrative of friendship between India and China. Let us also tell you about the kind of help India has received from China.
License to work given to Bank of China
Bank of China has got a license to work in India. News agency ANI told the sources that the Reserve Bank of India (RBI) has issued a license to operate Bank of China in India. Sources said that this decision of the RBI is according to the promise made to the Chinese leadership on behalf of Prime Minister Narendra Modi. Let me tell you that in the informal meeting of Prime Minister Narendra Modi and Chinese President Xi Jinping recently.
Doing business in 27 countries
Bank of China is one of the four big government banks working in China. In terms of market capitalization, it is one of the largest banks in the world. The branches of this bank of China are in all the world’s continents. At present, the bank works in 27 countries, including Australia, Britain, Ireland, France, Germany, Italy, Malaysia, South Africa, Singapore, Japan.
India was not in the branch
Despite having presence in many countries of Asia, there were no branches of this bank in India. After the RBI decision, the Chinese bank will now be able to work in India too. Significantly, the RBI has already rejected Shariah Banking’s application.