New bank registered

Press Release – Reserve Bank

The Reserve Bank of New Zealand today announced that BOI (New Zealand) Limited has been registered as a bank in New Zealand.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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