FGB, UAE's largest bank by net profit, plans to expand its operations in India in line with its global expansion strategy to support clients with cross border business and focusing on key trade and finance flows. Senior management of FGB is currently in India for discussions with RBI and Finance Ministry to progress the bank's plans.

Abdulhamid Saeed, managing director and board member, FGB, said, "We aspire to capitalize on India's positive investment climate and play a key role in the development of the Indo-UAE corridor. As we expand our portfolio in the coming years, we would be very proud to be contributing to India's exceptional growth story."

Andre Sayegh, chief executive officer, FGB added, "We are very pleased to have supported our corporate clients in India over the last 5 years to the point where our current portfolio is diverse, strong and growing across sectors."