Mr Sengupta told The Financial Express that the bank was in the process of getting the required approvals from various quarters.

The debit card facility will be made available through over 300 ATMs besides 10,000 outlets across the country. "We are currently in talks with a couple of banks for connectivity," Mr Sengupta said.

BankMuscat was currently in the process of designing a set of products which would be launched in January next year. He said these debt products would be targeted at high-net worth individuals. "The products will be specially tailored for the high-net worth individuals and retired people. They will also facilitate DD, pay orders and home banking facilities at a nominal cost," he said. On the assets side, the bank has recently launched personal loan facility. Products like car loans and loans against shares would be introduced in December this year and January next year respectively, he said.

Mr Sengupta said the bank would introduce housing loan facility for NRIs in Oman. To this end, the bank would outsource NRI clients from Oman, while the financing would be provided by another bank in Bangalore. Currently, BankMuscat has over 40,000 NRI clients in Oman, while post merger (Commercial Bank of Oman is in the process of merging with the bank) it would be largest bank in the region.

The bank would also introduce net-based information on various Indian shares to its Indian customers in Oman. To this end, the bank was currently in talks with Infrastructure Leasing & Finance Services (ILFS) to establish a tie-up with its online trading arm Investsmart (the site features all Indian shares and also provide dummy trading facility). With the facility in place by January, the NRIs based in Oman would be able to trade in Indian shares.

BankMuscat will invest around Rs 3 crore to set up six more ATMs to make it nine in Bangalore. It will also start tele-banking by March and to this end the bank was in the process of setting up call centres in association with partners.

The new ATMs would come up in Whitefield, Malleswaram, Jayanagar, Koramangala, Electronics City, Richmond Road. Branches in Mumbai and Delhi were in the pipeline, Mr Sengupta said.