GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share
  • Sharjah office is Axis Bank's 3rd representative office in the UAE
  • New office to help service clients in Sharjah and other northern emirates

 Sharjah, March 18, 2018:   Axis Bank, India's third largest private sector bank, today opened a representative office in Sharjah, United Arab Emirates. Shri Vipul, Consul General of India in Dubai, inaugurated the representative office. 

The representative office in Sharjah is the third such Axis Bank office in the UAE after Dubai and Abu Dhabi.The new representative office will engage primarily in promoting the Bank's retail products and services to non-resident Indians (NRIs).The Sharjah representative office will not only service the NRIs in the emirate, but will also help effectively service customers in other northern emirates of Ajman, Umm Al Quwain, Ras Al Khaimah and Fujairah.

The UAE has the largest NRI community in the world with a dynamic and diverse population base of 3.3 million NRIs. Sharjah is the third largest emirate in the UAE after Dubai and Abu Dhabi. As per estimates, approximately0.65 million NRIs reside in the emirate of Sharjah. A large number of them commute daily to Dubai for work.

Mr. Rajiv Anand, ExecutiveDirector, Axis Bank, said: “Personal banking transactions, including remittances between the UAE to India,have been growing continuously. Opening of the representative office in Sharjahwill further extend our presence in the UAE and provide clients easier access to the Bank's services in the region. The representative offices inDubai, Abu Dhabi, and now Sharjah, willcomplement the services being offered to NRI clientsby the DIFC branch in Dubai.”

The remittances market size between the UAE and India is about USD 12 billion with Axis Bank having a market share of about 20%. With a focus on facilitating faster and efficient remittances to India by the Bank's NRI customers in the UAE, Axis Bank has also tied up with 31 banks and exchange houses in the UAE. 

Apart from its presence in the UAE, Axis Bank has another representative office in Dhaka and an overseas subsidiary at London. The Bank also has branches in Asian financial hubs of Singapore, Hong Kong, Colombo and DIFC-Dubai, which offer Corporate Credit and Trade Finance solutions to Indian corporates foraying into international markets.

 



Posted by : GoDubai Editorial Team
Viewed 5563 times
Posted on : Sunday, March 18, 2018  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : In partnership with Emirates and Jumeirah Hotels & Resorts
Next Story : Mashreq Bank honored twice at EMEA Finance Middle East Banking Awards
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
COLAB - Dry Shampoo
Timeless Ties
ORANGE & BERGAMOT Awaken the Cult Icon New Additions
FOREO delivers the ultimate festival survival kit for a glow-on-the-go.
The Perfect Gift Mark
New XE 300 Sport Edition Wins Gripping Ice Race
Get Vibrant and lively hair with Rahua's new Color Full Range
Filorga Mesotherapist Derma Roller
Palladio Beauty - a Professional Line of Botanical & Vitamin-Infused Cosmetics
Samsung launches Exciting Smartphone Trade-In Program with Galaxy S9 or S9+
Enhance skin radiance, smoothness and brightness in just 14 days, with the new J...
Summertime Beauty Picks at Glambeaute.com
Spring/Summer 18 Collection
du to Offer New 9.7-inch iPad With Apple Pencil Support
Skyline University College Economics Day 2018: One Step towards Tomorrow
Dubai-based Al Kasir Group launches three Crypto assets backed by diamonds
OPPO unleashes the new Selfie Expert F7 with a 25 MP AI powered selfie camera
New Blow Out Bar and Make-Up Studio SWISH by Immaclife Opens in Abu Dhabi in Apr...
Penny Scallan Design Launches in the Middle East
Pandora Shine Discover A New Way to Shine
Dubai Sports Council Pavilion a big hit at Bangkok SportAccord
A Royal Ramadan Experience by Master Chef Mama in Pullman Dubai Creek City Centre
Stylish Nursing wear at Mums and Bumps
Rolling Cones, a new luxury ice cream concept, launches at the Hyatt Regency Dub...
Pinky Goat Launches BROWME
MINI at Auto China Beijing 2018
The new BMW M2 Competition
Mumzworld Announce Recruitment Drive To Empower Women in the Middle East
Gifts for Ramadan at Hour Choice
Abu Dhabi Ship Building Company Launches Two 64-Meter Landing Ships for the Kuwa...
Toshiba Releases New, Powerful Surveillance and Video Streaming Internal Consume...
Sheikh Sultan bin Ahmed Al Qasimi Leads Sharjah Contingent to Kuwait Arab Media Forum
Exclusive, Limited‐Edition, Swiss‐Made Cryptocurrency Watches
Roger Dubuis Excalibur Aventador S Verde Mantis
10 Kg gold for 100 winners at Malabar Gold & Diamonds
Mido Ramadan Watch Collection
Olivia Burton Marble Florals - Embrace these styles for a new artistic way to wo...
Etihad Aviation Group Launches Four Initiatives To Commemorate The Year Of Zayed
The Beautiful Britain 2018
Pandora Spring Embrace Nature's Beauty
Genesis G70 Luxury Sedan Arrives in Middle East
Understanding what women want Balmain reveals the Madrigal Mini II
Big Time with Graham Chronofighter Grand Vintage
Adamavi - Elegant, Timeles S, and Reliable
Airport Show Attracts Influential Aviation Leaders for Global Airport Leaders Fo...
Huawei Brings the Most Coveted Smartphone - HUAWEI P20 Pro to the UAE
SUC Organized 10-Day Free IELTS Workshop for School Teachers and Students
April Marks Autism Awareness Month at Nursery Chain
Samsung Launches New Washing Machine with Groundbreaking QuickDrive™ Technology ...
Tommy Fleetwood joins OMEGA's line-up of golfing greats