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Thursday, 6 July 2017

South Indian Bank ties up with PFG Forex

South Indian Bank has tied up with PFG Forex for remittance facility for the benefit of Indian expatriates from Australia. The new facility will leverage the bank to reach the Indian diaspora.

Under this arrangement, NRIs can enjoy cost-effective and fast remittance services using SIB's Express facility. NRIs can visit the PFG Forex outlets across Australia for remittances to India. SIB is already having correspondent banking arrangement with National Australia Bank and Fly World Money Exchange for remittances to India.

Important Takeaways from the above News:
  • Headquarter of South Indian Bank is in Thrissur, Kerala.
  • Current MD and CEO of South Indian Bank is Mr. V.G Mathew.
Source- The Hindu Business Line

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