India strategic market; will continue to make investment: Mashreq Bank CEO

Updated: Sep 23 2022 8:38PM

Dubai, Sep 23 (PTI) India is a strategic market and Mashreq Bank will continue to make investments to expand its business in the country, Bank's Group CEO Ahmed Abdelaal has said.

The oldest private bank in the United Arab Emirates (UAE) has had corporate banking operations since 1980 in India, while Mashreq Global Network (MGN), in Bengaluru, supports the entire group in many areas, including business development and risk management.

Mashreq Bank invested additional capital of USD 100 million in January 2022 in India demonstrating its confidence and growth aspirations, he said.