Westpac Banking Corporation
(ASX:WBC) has opened its first branch in India, part of its growing push to gain a foothold in the Asian region.
Westpac received approval from national regulators in India ahead of opening its branch in Mumbai earlier this week.
The branch will offer foreign exchange, trade finance, deposit and treasury banking services.
Westpac’s Institutional boss Rob Whitfield says the branch opening is part of a broader expansion in Asia and further support for the Australia-India and Australia-China trade flow.
Westpac generated a net profit of $6.03 billion for its full 2012 financial year.
