Kochi: Kerala-based Federal Bank has taken up the management of World Exchange Centre WLL in Bahrain.

With this arrangement, the bank has strengthened its foothold in Bahrain, a press release here said.

Federal Bank has presently 8 inward remittance arrangements with Exchange Houses from Bahrain.

On signing the Management Agreement with World Exchange, A Surendran, Additional General Manager & Head International Banking, Federal Bank said 'with the present tie up with World Exchange, Federal Bank is hopeful of serving Indian Diaspora in Bahrain in a more efficient manner'.

Four officers have been deployed to man the exchange.

(Agencies)

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