Falcon and Associates

‘DIFC wants to double number of Indian banks it hosts’


Dubai’s financial hub is in talks to double the number of Indian banks in the free zone as wealth managers target...


Dubai’s financial hub is in talks to double the number of Indian banks in the free zone as wealth managers target the estimated $55 billion in assets held by the country’s citizens in the UAE. It is part of a broader plan to increase the presence of Indian companies based there. The Dubai International Financial Centre is currently home to 10 Indian banks, but is in discussions with a further 10 about moving to the free zone that is home to some of the biggest names in global banking and finance. The DIFC wants to host more than 100 Indian companies by 2024, according to a statement. Currently, it is home to 20.

Go to original article

The National, Khaleej Times, Gulf News, Zawya


Return to News