21.   Under the program, PCIBank will bundle inflows of remittances coursed through its overseas branches.

22.   But Ueda added the company has decided to curtail lending operations at its eight overseas branches.

23.   Executive Chairman Rashid Hussain said there now are regulations in each ASEAN country limiting the opening of overseas branches of foreign financial institutions.

24.   Hachijuni Bank plans to maintain its other overseas branch in Hong Kong and a representative office in Singapore, the statement said.

25.   He said the bank needs to strengthen the relationship between its headquarters, overseas branches and overseas subsidiaries.

26.   He said Singapore could be affected as Japanese banks restructure and close some overseas branches and services.

27.   It has opened a dozen new branches this year alone, including the ones at Faridabad and Chandigarh, and an overseas branch at Delhi.

28.   It has overseas branches in Beirut and Bahrain and representative offices in London, Frankfurt, Seoul, Singapore and Tokyo.

29.   It also has overseas branches in Hong Kong, Singapore, Tokyo and Seoul and representative offices in New York, London and Frankfurt.

30.   It has overseas branches in Pakistan and the United States.