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.