Reportedly, Leicester will be Canara Bank’s first branch outside London, which is said to have close business links with India. Prospect Leicestershire, a local economic development agency, in association with East Midlands Development Agency (Emda) and the East Midlands India Business Bureau has helped the Indian bank in identifying a suitable location.
Nick Carter, chairman of Prospect Leicestershire, said: “It is very exciting that a significant international banking operation has chosen Leicester as the place to be. This provides further evidence of the growing trade between Leicestershire and India and will give confidence to businesses to develop trade and investment opportunities.”
Jaffer Kapasi, director of Leicestershire Asian Business Association, said: “I definitely welcome the move by Canara into Leicester. Leicester already has a number of Indian banks and these smaller branches often provide more personal service than the mainstream banks, which has been a big help to businesses since the crisis started in the banking world,” reported the newspaper.
