A well-known bank in India - United Bank of India is reported as the first bank from India to open an office in Myanmar and likely to give a boost to the Indo-Myanmar trade, said a press statement issued by the bank.
According to this
report, though the representative office will not handle any financial transaction, officials will maintain liaison with the Government, banks and traders and will extend help and cooperation toward resolving all issues relating to settlement of trade-related transaction between both the countries, the release said.
