Abu Dhabi-Mubasher: The National Bank of Abu Dhabi (NBAD) launched its banking operations in India on Tuesday, thus improving the bank's ability to service corporate and financial clients across the country and providing more capital to businesses in the growing Indian market.

The new branch in Mumbai will provide wholesale banking services, covering areas of debt origination and distribution, project finance, trade finance and asset finance, according to a statement by NBAD.

"Setting up in India is an important milestone in NBAD's expansion across the West-East Corridor, and demonstrates the UAE's strengthening ties with its second largest trading partner,” said Alex Thursby, CEO of NBAD group.