HDFC Bank Ltd.

HDFC Bank, the second-largest private sector bank in India, has opened its branch in Dubai International Financial Center 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 NRIs regarding treasury products, trade finance, loans and other related services. The bank’s Bahrain and Hong Kong branches offer corporate, trade finance, loans and deposits to both corporates and ultra high net worth individuals.

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

HDFC Bank is one of India’s premier banks providing a wide range of financial products and services to its 28.9 million customers. As of June 30, 2014, the bank had a distribution network with 3,488 branches and 11,426 ATMs in 2,231 cities/towns.