Bahrain-Mubasher: Khaleeji Commercial Bank plans to develop projects in India, in partnership with real estate developers.

The move is part of the lender's plans to boost its businesses after being converted into an Islamic retail bank in mid-2010.   

"The bank has not divested its Indian investments, and it plans to carry out projects there in the next weeks," said CEO Khalil Al-Meer.

Khaleeji posted net earnings of BHD 3.046 million ($8.02 million) for the fiscal year 2014, against losses of BHD 19.2 million ($50.6 million) a year earlier.

The bank operates with BHD 115.416 million, divided into 1.154164 billion shares at BHD 0.1 par value each.