Doha Bank to buy HSBC Bank Oman business in India

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Doha Bank to buy HSBC Bank Oman business in India

Dubai, April 19 (IANS) Qatar-based Doha Bank has agreed to buy HSBC Bank Oman's business in India that has gross assets of Rs.350 crore ($58 million). "Doha Bank has entered into an agreement with HSBC Bank Oman (HSBC Oman), an indirect 51 percent owned subsidiary of HSBC Holdings, to purchase the banking business of HSBC Bank Oman in India," Doha Bank chairman Sheikh Fahad bin Mohamed bin Jabor al Thani said in a statement.

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