Mubasher: Doha Bank, Qatar's fifth-largest lender by assets, on Sunday said that it has begun the soft launch of its third branch in Chennai, India in February 2018.

The Qatar-based lender received the approval of the Reserve Bank of India (RBI) for relocating one of its two branches in Mumbai to Chennai, according to the bank’s statement to the Qatar Stock Exchange (QSE).

Doha Bank's other two branches are located in the Indian cities of Mumbai and Kochi.

Through its three branches, the bank provides corporate banking, retail banking, SME, treasury, trade finance, and foreign exchange services, according to the statement.

"The bank [Doha Bank] provides technology-driven customer-centric solutions to include Internet banking, mobile banking, app-based solutions, instant e-remittances solutions 24/7 from its gulf branches to its branches in India through the RTGS and NEFT platform to any of the 85,000 bank branches in India and offers ATM services connectivity through an extended network in India," the statement said.