Doha Bank (Q.S.C) : Doha Bank enters in agreement with Indiabulls for NRI Home Loans
10/03/2012| 02:05am US/Eastern
Doha Bank enters in agreement with Indiabulls for NRI Home
Doha Bank entered into an agreement with Indiabulls Group for
offering of Mortgage Loans to NRI customers for acquiring
properties in India. The signing ceremony held at Doha Bank
Head Office at West Bay. The agreement was signed by Mr R
Seetharaman, Group CEO of Doha Bank and Mr Ajit Mittal, Group
Executive Director of Indiabulls.
Indiabulls Group is one of leading business houses in India
in the areas of Housing Finance, Real Estate and
Infrastructure development. Indiabulls Housing Finance
Company has its presence through 180 branches in 100 cities
Doha Bank's NRI customers will be able to seek Mortgage Loans
from Indiabulls to acquire properties in India. This is a
unique arrangement to serve NRI customer for their property
needs back home.
Mr. R Seetharaman, Group Chief Executive Officer, Doha Bank
said: "The tie-up with Indiabulls will provide an opportunity
to Doha Bank NRI customers to approach for Housing Loans to
purchase property in India. We are committed to serving our
customers in every possible manner and provide them one more
financing product experience, as Doha Bank is only bank in
Qatar to have such arrangements for its NRI customers"
Commenting on the alliance of Indiabulls with Doha Bank, Mr.
Ajit Mittal - Group Executive Director, Indiabulls Group,
said, "Partnership with Doha Bank marks an important
milestone in Indiabulls' quest for a global footprint. GCC in
general and Qatar, Kuwait, and UAE in particular. We are very
proud to have partnered with Doha Bank, which is one of the
largest retail banks in Qatar - we would serve the growing
demand from expatriate Indians for home loans and property
acquisition. Our housing projects have evoked a tremendous
interest among the NRI community."
The Executive Vice President of Indiabulls Group, Mr. Kubeir
Khera was also present on the occasion. He said, "Our
constant innovations are changing the skyline of Indian
cities. Our financial products are helping people realize
their dreams. We are glad to be getting associated with Doha
Mr Chris Fellner, Head of International Banking, Doha Bank,
highlighted that this arrangement will provide convenience to
NRI customers to get hassle free Housing Loans to acquire
properties in their home country, going forward Doha Bank
will also expand these offering through its branches in UAE
and Kuwait. He added that Doha Bank also offers remittances
to India as Instant credit, the NRI customers can directly
transfer money to India from their Doha Bank Account.