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National Bank Of Oman Builds Local Private Banking Offering With Reliance Wealth
Vanessa Doctor
14 September 2012
National Bank of Oman, one of the largest banks in the Sultanate of Oman, has entered into a partnership with Reliance Wealth Management to provide Indian investment products to its local private banking clients. The agreement builds on both firms' private banking businesses, with Reliance contributing its expertise in India-specific products and NBO taking care of the onshore support platform to facilitate client investments. National Bank of Oman has 54 branches across the country, plus five in Egypt and one in the UAE. Reliance Wealth Management is a wholly-owned subsidiary of Reliance Capital, one of the biggest investment firms in India.