India's Axis Bank has inaugurated a new representative office at Abu Dhabi, adding to

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its Dubai International Financial Centre (DIFC) office and another representative office in Dubai, the company has said.

India's Ambassador to the UAE, M K Lokesh, inaugurated the private sector bank's newly opened unit.

Axis Bank President - Treasury and International Banking P Mukherjee said the Abu Dhabi office extends the bank's presence in the UAE, providing their clients easier access to the bank's services in the region.

"The office will be engaged primarily in offering Non-Resident Indian (NRI) banking products and services, while also facilitating transactions between the bank's branches in India and NRIs in the UAE. Personal banking transactions between UAE and India are growing rapidly and our representative Offices in Abu Dhabi and Dubai will complement the corporate banking offered by our DIFC branch," he said.

India's increased integration with the global economy has opened up many avenues for leveraging the bank's strengths in international markets.

Axis Bank already has a presence in Singapore, Hong Kong and Shanghai and is planning further expansion in the future. The bank's international operations offer corporate credit and trade finance solutions in the financial hubs of Asia.

In India, Axis Bank caters to large and mid-sized corporates, SMEs, agri-businesses and retail clients through 1,390 branches and 6,270 ATMs in 921 cities and towns.