May 7, 2025

QNB Expands Its Global Footprint  with India Presence

QNB becomes the first bank in Middle East & Africa to open a branch in India's GIFT City (Photo Courtesy: PRNewswire)
QNB becomes the first bank in Middle East & Africa to open a branch in India's GIFT City (Photo Courtesy: PRNewswire)

QNB, one of the largest financial institutions in the Middle East and Africa (MEA), has become the first bank from the MEA region to open a branch in GIFT City in Gujarat, India’s first international financial centre & special economic zone.

Commenting on the launch of the new branch, Mr. Abdullah Mubarak Al Khalifa, CEO of QNB Group, said: “India’s banking sector is poised for rapid growth on the strength of robust economic growth prospects, and banks have demonstrated strong operational performance along with improving asset quality. With the opening of the GIFT City branch, QNB is expanding its footprint at an opportune time when Indian corporates are seeking strong banking partners for supporting their growth plans. Combined with QNB’s global outreach and expertise, as well as its pioneering role in shaping the international financial landscape, India presents long term growth opportunities for wholesale banking.”

QNB Image: PRNewswire
QNB Image: PRNewswire

Mr. Ali Darwish, Senior Executive Vice President of International Business at QNB Group, said: “India is one of the world’s fastest growing large economies and on track to become a major global supply chain and manufacturing hub. India’s foreign exchange reserves exceed USD 650 Billion, ranking amongst the world’s largest. With the new branch in GIFT, QNB has enhanced its product suite with a multi-currency proposition.”

“The GIFT branch will strengthen QNB’s extensive regional & international network in 28 markets across 3 continents,” he added.

“QNB is expanding its presence in India & the new branch in GIFT offers a wide range of liability as well as credit focused products. The branch will support customers located onshore in India as well as offshore with their funding requirements in foreign currency,” said Mr. Gaurav Gupta, CEO of Qatar National Bank in India.

QNB established its first bank branch in India in 2017, which has grown rapidly to support international banking requirements of Indian corporate and institutional clients. QNB India is a Scheduled Commercial Bank providing full-fledged banking services across the country. QNB India focuses on credit solutions for structured trade & working capital financing as well as long tenor loans for bespoke end uses.

Source

Read Similar News:

Bank Alfalah Acquires Strategic Stake in UAE Fintech Jingle Pay

(Visited 7 times, 7 visits today)

Share:

Facebook
Twitter
WhatsApp
LinkedIn

 

Comments are closed.

Social Media

Most Popular

Fiscalix Launches SARAH an AI Audit Manager to Revolutionize Auditing with AI
Fiscalix launches SARAH, an AI Audit Manager to Revolutionize Auditing with AI
DeepSeek Now Available on Clarifai Platform
DeepSeek Now Available on Clarifai Platform
Smartee Ge Clear Aligner packages
Orthodontics meets Disney: Smartee Clear Aligners brings Magic to Smiles
Samsung Galaxy S25 Ultra Introduces Corning Gorilla Armor 2
Samsung Galaxy S25 Ultra Introduces Corning® Gorilla® Armor 2, the Industry’s First Anti-Reflective Glass Ceramic For Mobile Devices

Related Posts