dresdner-to-open-mumbai-branch

Dresdner to open Mumbai branch

The bank receives its first branch license in India while a number of other foreign banks await permission to expand in the country.
GermanyÆs Dresdner Bank has received a license to open its first branch office in India.

Dresdner was operating only a representative office in India. IndiaÆs central bank, the Reserve Bank of India, has now given it permission to open a fully fledged branch in Mumbai.

India is a booming market with enormous customer potential,ö says Herbert Walter, chairman of the board of managing directors of Dresdner Bank in a written statement. ôThat's why it is essential for us to expand our presence in this region

Like most other banks, Dresdner has plans to build its private client business in India. The branch will enable it to offer customers a range of financial services - from...
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