HDFC bank one among the largest leading banks of the country has planned to set up a new banking branch in Dubai. The bank will open branch at the International Financial Centre in Dubai and from there it will also offer wealth management facilities to the NRI based in UAE.
According to the reports this is the third overseas branch of the bank prior to this, bank is already having two overseas branches in Bahrain and Hong Kong. The new branch will provide multiple services like treasury products, trade finance, loans amongst other related services to the NRI’s over there. In Dubai bank is also having 2 representative offices i.e. in at Dubai and Abu Dhabi which will continue to function.
In order to provide services and to cater the fulfillments of the customers, the bank will continue expanding its network all across the world. Currently the bank is having a huge network of 3,488 branches and 11,426 ATMs across 2,231 cities and towns in India.