Bank of Ceylon to expand India operations

Sri Lanka's largest bank the Bank of Ceylon (BoC) is planning to expand its India operations to attract more foreign investment to the country.

"The Bank of Ceylon is to diversify its operations in India and the UK to attract more foreign investment, especially for the capital markets in Sri Lanka," BoC Chairman Gamini Wickremasinghe has said.

Outlining new strategies of the bank Wickremasinghe said it will introduce new products and financial instruments for South Indian customers through its Chennai branch after fulfilling the conditions required by Indian authorities.

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