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Emirates NBD, a leading banking group in West Asia, has invested $100 million in its India operations, a top official said.
The bank has opened its first branch in India at Mumbai to establish proximity to its Indian customer base and to support non-resident Indians and businesses looking for cross-border advisory and intermediary services, Sharad Agarwal, CEO-India of Emirates NDB, said in a statement.
Shayne Nelson, Group CEO of Emirates NBD, said: “We are delighted to expand our footprint to India, building on the UAE’s strong historic, cultural and commercial ties with the country.”
Nelson said that Emirates NBD was the only UAE-based bank with physical presence across all of India’s important trade corridors from the Middle East and North Africa (MENA) across to Asia and the UK. “Our aim is to be the bank of choice for Indian corporates and individuals looking to invest and do business in the MENA region,” Nelson said.
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