Dubai-based lender Emirates NBD has started operations in the Indian market by launching a branch in Mumbai.
The new branch, which is the bank’s fifth international branch, will offer various services to corporate, SME and institutional clients such as trade finance, treasury services, bilateral and syndicated loans as well as offer wealth management solutions for NRI clients.
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The branch will be headed by Sharad Agarwal, who has an experience of more than two decades in the banking sector including a ten-year stint at Emirates NBD Group.
Emirates NBD Group CEO Shayne Nelson said: “Emirates NBD is 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 United Kingdom (UK) and our aim is to be the bank of choice for Indian corporate and individuals looking to invest and do business in the MENA region.”
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By GlobalData
