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Bangladesh's Eastern Bank eyes expansion in India


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Bangladesh's Eastern Bank eyes expansion in India

Bangladesh-based Eastern Bank Ltd. is seeking to expand into India by opening two branches.

The bank plans to open a branch in Kolkata and Guwahati and has enlisted PricewaterhouseCoopers' Kolkata office to assist them in getting a license from the Indian central bank, it said June 8 on a Dhaka Stock Exchange notice.

The plan is subject to regulatory approvals in India and Bangladesh.