Which bank is opening a representative office in Dubai to enhance its global presence?

ANS:D - Punjab National Bank

Canara Bank is opening a representative office in Dubai, marking a significant step in enhancing its global presence. As one of India's leading public sector banks, Canara Bank's decision to establish a presence in Dubai is part of its broader strategy to expand its international footprint and cater to the growing needs of its global customer base. Dubai, being a major financial hub in the Middle East, offers a strategic location for the bank to serve the large Indian diaspora and tap into the region's dynamic business environment. The representative office in Dubai will enable Canara Bank to strengthen its relationships with existing clients, attract new customers, and facilitate smoother banking services for individuals and businesses operating in the region. This move is also aligned with the bank's efforts to support Indian businesses with international trade and investment opportunities, while providing a range of financial services tailored to the needs of non-resident Indians (NRIs) and local businesses.