Australia and New Zealand Banking Group Limited (ANZ) today announced the commencement of banking operations in India with the opening of its first branch in Mumbai.
This will support trade and investment flows between India and the Asia-Pacific region including Australia and New Zealand, as well as Europe and North America.
The Mumbai branch will initially support corporate and institutional banking clients in India and ANZ’s network clients looking to do business in the market. Subhas DeGamia has been appointed CEO of ANZ India.
DeGamia has over 20 years of experience with ANZ across institutional banking and financial markets. ANZ CEO Asia Pacific, Europe and America Alex Thursby said: “The opening of the Mumbai branch re-establishes ANZ’s banking presence in India and is a further milestone in our strategy to become a super regional bank."