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HDFC Bank opens branch at Dubai International Financial Centre

: Tuesday, August 05 - 2014 @ 09:15

HDFC Bank Ltd, the second-largest private sector bank in India, opened its branch in Dubai International Financial Centre to provide wealth management services to the non-resident Indians based in the UAE.

This is the bank’s third branch outside India, the other two being located at Bahrain and Hong Kong. The bank will continue to operate the existing two representative offices in the UAE located at Dubai and Abu Dhabi.

The new branch will offer advisory services to affluent NRIs regarding treasury products, trade finance, loans and other related services. The Bahrain and Hong Kong branches of the bank offer corporate, trade finance, loans and deposits to both corporates and ultra high net worth individuals.

The representative offices in U.A.E. will continue to be engaged in facilitation of services for NRIs regarding their accounts held with branches in India. HDFC Bank also partners with exchange houses across Gulf Co-operation Council (GCC) countries for NRI remittances.

Freeda D’Souza
Deputy Vice President, Corporate Communications
HDFC Bank Ltd., Mumbai.
Tel: 91 – 22 – 6652 1047 (D) / 6652 1000 (B)
Fax: 91 – 22 – 2490 3168

Neeraj Jha
Head, Corporate Communications
HDFC Bank Ltd., Mumbai.
Tel: 91 – 22 – 6652 1308 (D) / 6652 1000 (B)
Fax: 91 – 22 – 2490 3168

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Tuesday, August 5- 2014 @ 9:15 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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