Branch

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Branch

An operation in a foreign country incorporated in the home country.

Branch

1. An office or subsidiary of a company that exists and conducts operations in a country other than the one in which the company is headquartered. See also: MNC.

2. A semi-independent office of a bank. For example, a bank may have five branches in a city where account holders can make deposits and withdrawals and conduct other business at the place most convenient for them.
References in periodicals archive ?
All this may serve to highlight why branchless banking (OTC in particular) has been successful in reducing dependency on the informal financial sector.
The partnership is part of our concerted efforts for the development and promotion of a digital ecosystem in Pakistan that aims to extend the benefits of communications technology to the common man in every part of the country,' said Khurram Malik, Head of Branchless Banking, Telenor Microfinance Bank.
Noman Azhar, Head of Branchless Banking and Digital Initiatives - JS Bank stated, "This partnership with SCO is another step in JS Bank's efforts to empower the people of Pakistan through provision of innovative and efficient financial services for bolstering economic and social opportunities.
The SBP has issued 11 branchless banking and three Payment Service Providers licenses to various players.
Pakistan has adopted the bank-led model for branchless banking operations, whereby banks and microfinance banks are required to obtain approval from SBP to offer basic branchless banking facilities through the agent network, said SBP chief spokesman Abid Qamar.
Total number of branchless banking transactions touched 164.7 million worth Rs726.4 billion were carried out in the above-mentioned quarter.
Sachak, Managing Director and Chief Executive - EFU Life, said 'I am delighted to further strengthen our partnership with JS Bank by distributing paperless Life Insurance products to the J Cash Branchless Banking customers.
The State Bank report said that mobile wallets or branchless banking accounts in the country reached 23.69 million at the end of March 2017.
Bank Indonesia will implement a new regulation next week, and it will allow all local banking entities, powered by core capital of more than Rp 1 trillion ($76 million), deliver branchless banking services to the customers.
According to this Framework, the Board of Directors of banks would be responsible for providing the strategic direction and an oversight of branchless banking agent acquisition and management while senior management will institute necessary internal controls and ensure adherence to applicable laws and regulations.
The collaboration with Mobicash is a giant step towards adding a portfolio of branchless banking services in to our e-Sahulat platform.
This study is aimed at examining the factors that affect the service quality of Branchless Banking in a mega city of Pakistan known as Lahore.