What is Commonwealth Bank of Australia Mumbai?
The Commonwealth Bank of Australia is a Public Bank which serves financial services to the customers since 1911. The bank headquarters resides in Sydney, Australia. The bank has opened its first Indian branch at Mumbai in the year 2010. It is only bank which provides complete Indian services and having a legal Australian banking license. It specialized in providing services like foreign exchange, trade finance and remittance to the various corporations which have indulged their business between American and India. Moreover, it has also provided commonwealth bank’s global expertise in the fields of finance infrastructure as well as resources businesses to the Indian economy. The countries believe in growing their relationship by creating vigorous domestic commercial banking operations that will solve the purpose of small as well as large organizations and enterprises. The Non-residing Indian clients are also privileged to take advantage of the bank to fulfil the needs of investment and remittance. Since its inception in India, Australia government has noticed a increased demand of financial services in India. Due to establishing bank branch in Mumbai, the bank becomes more perpetrated to assist the payment flows, economic and trade services. In addition to this, the establishment of the bank has explored greater development opportunities for India. With such expansions, the Mumbai has become the largest economic centre which is keep on spreading its successes throughout the india.