Business Standard

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Scary banking

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Business Standard New Delhi
A senior executive of a bank interested in opening a branch in Pakistan demurred when asked the status of the proposal, which followed the Indian and Pakistani governments' announcement that each would allow a branch of two banks in the other's countries. "We are scared," he eventually offered reluctantly after persistent questioning. Of what, he declined to specify. Maybe Nawaz Sharif's overt overtures of everlasting friendship for India will change those fears.

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First Published: May 16 2013 | 9:04 PM IST

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