CII has avoided the unbundling of the Singapore issues as the concerned issues, except for investment and competition policy, are not related.
Moreover, CII believes that the situation as of now is not right for multilateral negotiations on any of these issues in the form of framework of rules or otherwise.
The OBU, for which it has got the Reserve Bank of India permission, would be an overseas branch but operating on Indian soil, a bank statement said.
The branch will engage in wholesale banking and will maintain multi-currency accounts. Its focus will be on units operating in the SEZ.

The branch will engage in wholesale banking and will maintain multi-currency accounts. Its focus will be on units operating in the SEZ.
"It is expected that this OBU will add value to the global business of the bank and its profits. The OBU is likely to be operational by November 2003," it said. Bureau Report