A bank based in Mumbai is going international, expanding into all kinds of sectors, from banking to social media, with the launch of a new branch in Singapore.
Indica, one of the largest banks in the country, announced that it will open its first office in Singapore, the first branch to be opened in the city.
Indicas CEO, Deepak Kumar, told Business Insider that the bank’s goal is to offer the world’s largest banking services.
“We are an Indian company and we have a great presence in the Indian market.
We want to create a bank that is globally recognized,” Kumar said.
“And it’s going to be our first branch in South East Asia, so we want to give a strong voice to our Indian community, and to the Indian-Singapore community, to help them understand how India is evolving.”
Kumar said the new branch will be the largest bank in the Asian region, and will be one of a handful in Singapore to open branches in the region.
Indicates its expansion will be a good fit for its employees.
“India is a country where people are always working in different fields.
So we want people who can come to the bank and have a fun and fun experience, which is why we are creating an environment where people can be their best selves,” Kumar added.
“For example, we will have a lot of people working in banking, and a lot more in marketing and tech, so it will be very appealing to our employees, who are looking for opportunities.”
A new branch has been added to the existing branch in the South-East Asia city of Singapore.
A new Indica branch will open in Singapore in 2019.
India’s biggest bank, which has a total of about 1,200 branches worldwide, is one of several banks to go global.
“As a global company, we are committed to bringing our products and services to more people around the world,” Kumar told Business Insider.
“Our goal is for the world to be a better place.”
A branch will also be open in India’s financial hub of Mumbai, with more branches expected in the coming years.
India has a vibrant banking industry, but the growth of new technologies, as well as the rise of social media have been pushing the country to expand its banking offerings.
“The new branch brings us in the right direction, and we’re very excited about the opportunity,” Kumar continued.
“In our current financial environment, we need a branch in Mumbai to offer our services to our customers.
And this is where the Singapore branch comes in.”