Top DIFC-based Indian firms leverage UAE-Indian axis to bolster GCC presence

Four major Indian finance firms are strengthening their operations at DIFC, highlighting the Dubai financial free zone's position as a natural platform for investment from the subcontinent.

Kotak Mahindra Bank and Federal Bank are upgrading their representative office status to Category 1 License, giving them a full range of banking and professional services out of DIFC.  

HDFC Life and Axis Bank, the third largest of the private-sector banks in India, are also strengthening their operations.

The move is further testimony to DIFC's status as a global financial services hub, connecting Indian business to an US$7.8 trillion Middle East, Africa and South Asia (MEASA) region.

DIFC is home to many of India's leading banks and financial institutions. The financial hub, already home to 1,500 firms and 21,000+ professionals, is already viewed as a ready-made ecosystem of expertise and services. ...

Source : http://me-newswire.net//news/19327/en...