Dhaka, Nov 23 (IBNS) :Axis Bank, India’s third largest private bank, today announced the opening of its Representative Office in Dhaka, Bangladesh by Pankaj Saran, High Commissioner of India to Bangladesh in the presence of P Mukherjee, Group Executive, Corporate Relationship Group & International Business, Axis Bank.
The Representative Office, located atLaila Tower, 5th Floor, 8, Gulshan Avenue,would primarily promote the Banks Trade Finance business arising from Indo-Bangladesh and also tap opportunities arising from trade flows between Bangladesh and major financial markets, where the Bank has a presence. Speaking on the occasion, P Mukherjee, Group Executive, Corporate Relationship Group International Business, Axis Bank said: TheBank aims to leverage the growing economic integration between the two countries by actively facilitating trade transactions, both in bound as well as out bound. The Bank will also contribute towards employment generation, both directly and indirectly in the country. Dhaka operations will further strengthen our presence in Asia. The Representative Office will also enable the Bank to move up the value chain and enhance its risk return, through secondary market risk participation with banks in Bangladesh.