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New bank registered
NEWS RELEASE
Date 31 March 2011
New bank registered
The Reserve Bank of New Zealand today announced that BOI (New Zealand) Limited has been registered as a bank in New Zealand.
BOI (New Zealand) Limited is a fully owned subsidiary of Bank of India. It will change its name to Bank of India (New Zealand) Limited before commencing operation.
There are now 20 registered banks in New Zealand, which are listed on the Reserve Bank website.
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