US banking giant JP MorganChase to set up Asia's largest GCC in India

US banker's move puts India on top of global GCC map

American banking giant JP Morgan will be the sole occupier of a space of 2 million square feet at the global capability centre (GCC) in Mumbai’s Powai, making the centre the largest of its kind in Asia when it completes in 2029, according to people in the know.

 

The GCC can house 30,000 employees.

 

The American banker’s GCC push in India comes on the back of it taking up nearly 1 million square feet over the past two years, numbering it among the busiest in the banking, finance, securities and insurance (BFSI) segment in India.

 

Earlier this month, it leased