The Royal Family of Qatar, promoters of Doha Bank, one of the largest commercial banks of Qatar, is reportedly in tentative discussion to acquire a minority stake in Indian financial services firm Centrum Group as part of the West Asian bank’s plans to expand its India presence.
Earlier in April, former Standard Chartered ace banker, Jaspal Bindra took a minority stake and became executive chairman of the Centrum Group. Since then, Bindra has been bringing in alliances and expertise that has helped the group enhance its global presence.
Centrum has over 100 outlets spread across the country and more than one million retail customers with strong relationships in the mid-market corporates space.
