New Office

Axis Bank Expands In UAE

Devina Shah London 22 June 2011

Axis Bank Expands In UAE

India’s Axis Bank has opened its second representative office in the United Arab Emirates, in Abu Dhabi.

The new office adds to the firm’s bank in the Dubai International Financial Centre, which offers corporate banking services, and a Dubai-based representative office.

The Abu Dhabi office will primarily offer non-resident Indian banking products and services, while also facilitating transactions between the bank's branches in India and NRIs in the UAE, the firm said in a statement.

"Personal banking transactions between UAE and India are growing rapidly and our representative offices in Abu Dhabi and Dubai will complement the corporate banking offered by our DIFC branch,” said P Mukherjee, president of treasury and international banking at Axis Bank.

"[The] opening of the representative office in Abu Dhabi extends our presence in the UAE, providing our clients easier access to the bank's services in the region.”

Axis Bank has offices in Singapore, Hong Kong and Shanghai, and is said to have further expansion plans in the pipeline.

Register for WealthBriefing today

Gain access to regular and exclusive research on the global wealth management sector along with the opportunity to attend industry events such as exclusive invites to Breakfast Briefings and Summits in the major wealth management centres and industry leading awards programmes