Prez wants China to open banks in India
Shanghai, May 30 — President Pratibha Devisingh Patil on Sunday suggested China should consider eyeing India as a banking destination. The President broached the idea during her meeting with Shanghai (Communist) Party Secretary Yu Zheng Sheng.
It was in context of the presence of Indian banks in China. Eleven Indian banks have their offices in China, six of them in Shanghai catering to over 100 Indian companies in the city and in industrial towns Jiangsu and Zhejiang nearby.