Maybank studies opportunities in Indian market

It may take about 1 to 2 years for the bank to open its first branch in India.

Malayan Banking Bhd (Maybank) is now in the initial stage of identifying the ideal number of branches it plans to open in India and their locations.

President and chief executive officer Datuk Seri Abdul Wahid Omar said the company already had a license to operate commercial banks in India and would make inroad into the country.

He said the company did not set any timeframe when it would open its first branch in India but added it could take place within the next one to two years.

“Definitely, we are going there (India) and we are looking at having our first commercial bank branch in India's financial capital Mumbai,'' Wahid said at the launch of a strategic partnership between Maybank and Pos Malaysia Bhd by Deputy Minister in the Prime Minister's department Datuk Ahmad Maslan.

View the full story in The Malaysian Star.

Also Read

Krungthai Bank to temporarily shutter Thepprasit Road (Pattaya) branch

Thailand’s Krungthai Bank temporarily closes two branches

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

What is Lorem Ipsum?

What is Lorem Ipsum? Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Evergreen Group obtains financing license to expand in Malaysia