Emirates NBD expands footprint in India as a part of Group’s international growth strategy

Emirates NBD expands footprint in India as a part of Group’s international growth strategy

- New branches in Gurugram and Chennai added to bank’s existing full-fledged branch in Mumbai

- Only UAE-based bank with strong branch presence in India, supported by network across key trade corridors

Dubai, UAE: Emirates NBD, a leading banking group in the Middle East, North Africa and Turkey (MENAT) region has announced the opening of two new full-service branches in India, in Gurugram (NCR) and Chennai respectively.

Backed by an investment of USD 300 million, the expansion demonstrates the Group’s commitment to India as a key growth market against the backdrop of strong bilateral ties between the two countries.

India and the UAE have had long standing strategic and economic ties over the years, which have further been catalysed with the recently executed Comprehensive Economic Partnership Agreement (CEPA).

Emirates NBD is the only UAE-based bank with strong branch presence in India. In 2017, the bank inaugurated its first full-fledged branch in India’s commercial centre, Mumbai, marking the sixth country where Emirates NBD has in-shore presence after UAE, Saudi Arabia, Egypt, Singapore, and the United Kingdom in addition to Turkey, Austria, Germany via its 2019 acquisition of DenizBank.

With the enhanced geographical coverage and its extensive network across key trade corridors, Emirates NBD is well poised to