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Hyderabad, May 5

Axis Bank has opened its representative office in Karama, Dubai. The office would be engaged primarily in promoting the bank’s retail non-resident Indian (NRI) products and services as well as facilitating transactions between branches of the bank in India and the NRIs based in Dubai. “Personal banking transactions between the UAE and India are growing rapidly, and our representative office in Dubai will complement the corporate banking services offered out of our branch in the DIFC for facilitating part of the banking needs of Indians based in the UAE,” Mr P.J. Nayak, Chairman and CEO, Axis Bank, said in a release.

— Our Bureau

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