According to Axis Bank, the office will be engaged primarily in offering Non Resident Indian (NRI) banking products and services, while also facilitating transactions between the bank’s branches in India and NRIs in the UAE.
Axis Bank president of Treasury and International Banking P Mukherjee said opening of the Representative Office in Abu Dhabi extends the bank’s presence in the UAE, providing their clients easier access to the bank’s services in the region.
"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," Mukherjee added.
The bank already has an office in Dubai that offers corporate banking services.
Axis Bank also has present in Singapore, Hong Kong and Shanghai, with further expansion in the pipeline.
