Thursday, 31 March 2011, 3:22 pm Press Release: Reserve Bank
NEWS RELEASE
Date 31 March 2011
New bank
registered
The Reserve Bank of New Zealand today announced
that BOI (New Zealand) Limited has been registered as a bank
in New Zealand.
BOI (New Zealand) Limited is a fully owned
subsidiary of Bank of India. It will change its name to Bank
of India (New Zealand) Limited before commencing
operation.
There are now 20 registered banks in New
Zealand, which are listed on the Reserve Bank
website.
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