UAE-based bank FGB (formerly called First Gulf Bank) has unveiled plans to expand in India, as part of its global expansion strategy to support clients with cross-border business and focus on key trade and finance flows.
At present, the lender is in talks with RBI and Indian’s Finance Ministry to progress the bank’s plans, reports The Hindu Business Line.
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Abdulhamid Saeed, managing director and board member of FGB, said, "We aspire to capitalise on India’s positive investment climate and play a key role in the development of the Indo-UAE corridor."
The bank has international operations in Singapore and Qatar, representative offices in India, Hong Kong, Seoul and London, as well as a subsidiary in Libya.
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