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Axis Bank is set to open its first branch in China within three months, becoming the first Indian private sector bank to do so. This move will allow Axis Bank to begin building a new India-China corporate banking business and provide services like trade finance to support growing trade between the two countries, which is projected to exceed $100 billion by 2015. ICICI Bank is also expected to open its first Chinese branch later this year, as leading Indian private banks seek to capitalize on opportunities a

Author

TEJASHVINI PATEL

Language

EN