Dubai - Mubasher: Emirates NBD is planning to further expand in India after obtaining approval from the Reserve Bank of India (RBI) to inaugurate two additional branches.

The bank will open a full-service branch in Gurugram and Chennai to offer services to the northern and southern markets of India, facilitating larger volumes of trade and capital flows between the two countries and the larger MENAT region, according to a recent press release.

The branch provides various services to corporate, SME, and institutional clients, including trade finance, treasury services, bilateral and syndicated loans, while supporting non-resident Indian (NRI) customers.

In 2017, Emirates NBD inaugurated a branch in Mumbai to mark the sixth country where the bank has expanded after the UAE, Saudi Arabia, Egypt, Singapore, and the UK. 

The Vice-Chairman and Managing Director of Emirates NBD, Hesham Abdulla Al Qassim, said: "In addition to a shared economic vision and compatible regional outlooks, the UAE and India are each other’s largest trading partners, positioning Emirates NBD as the only UAE-based bank with physical presence across all of India’s important trade corridors across the MENAT region and through to Asia and the United Kingdom (UK)."