Private sector lender Axis Bank has set up a new representative office at Abu Dhabi. It already has a representative office in Dubai.
The new unit of the bank was inaugurated by India's Ambassador to the UAE, Mr M.K. Lokesh.
"The office will be engaged primarily in offering Non-Resident Indian (NRI) banking products and services, while also facilitating transactions between the bank's branches in India and NRIs in the UAE. Personal banking transactions between UAE and India are growing rapidly and our representative offices in Abu Dhabi and Dubai will complement corporate banking offered by our DIFC branch," said Axis Bank President - Treasury and International Banking, Mr P. Mukherjee.
Rising integration of the Indian economy on the global front has opened doors for the bank to leverage on many of its strengths in the international forefront.
The bank also has presence in Singapore, Hong Kong and Shanghai and plans to expand more.