Business Standard

HSBC Bank Oman completes sale of India assets to Doha Bank

Shareholders of Doha Bank had approved the purchase in December 2014

Image

Reuters Dubai

HSBC Bank Oman has completed the sale of its Indian assets to Doha Bank, the affiliate of HSBC Holdings said in a statement on Wednesday.

Shareholders of Doha Bank, Qatar's fifth-largest lender by assets, approved the purchase in December 2014 after an agreement between the two banks about the sale was reached in April of that year.

HSBC Bank Oman did not reveal the size of the transaction.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 01 2015 | 10:20 AM IST

Explore News