Kerala based South Indian Bank has announced a tie-up with National Australian Bank (NAB) for online inward remittances from Australia at a competitive rate. As per Bank, the agreement enable faster, hassle-free remittances through internet at the best exchange rates.
With this, National Australian Bank will be the main banking correspondent of South Indian Bank in Australia. As per this deal, the exchange rate is decided by the South Indian Bank and the NRI customers in Australia would get the best possible rates. Besides, the remitted money can be either converted into Indian rupee or maintained in Australian dollar.
So now let’s discuss some questions related to this post :
1. Name the bank which has announced the tie up with National Australia Bank ?
2. Where is the headquarter of the South Indian Bank ?
Courtesy : Business Standard