Australia and New Zealand Banking Group has launched banking operations in India, The Wall Street Journal reports. The new Mumbai branch will support trade and investment flows between India and Australia, with New Zealand, APAC, Europe and North America, adds Business Standard. ANZ has appointed Subhas DeGamia, a veteran with ANZ in institutional banking and financial markets, as CEO of ANZ India. The branch will offer a full range of Indian rupee and foreign currency banking services, including funding.
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