RBC has entered the Indian market by opening its first (representative) office in the financial hub of Bandra Kurla, Mumbai. As well as providing wealth management services for high net worth individuals, Canada's largest bank will provide capital markets products and services including global debt funding to Indian banks and corporations; and provide correspondent banking and trade finance services to Indian financial institutions. “The strong growth of the Indian economy presents huge opportunities,” said Gordon Nixon, RBC president and chief executive officer. “RBC is committed to expanding outside North America into areas where we can show competitive strength and India is a natural choice for our strategy in Asia. India is showing an increasing demand for areas in which RBC has competitive strengths – infrastructure and project finance, energy, metals and mining, structured products, currency and bond trading, and wealth management services.”