Hana Financial expands India network with new Mumbai, Devanahalli branches

SEOUL, December 08 (AJP) - Hana Financial Group said Monday it has opened new branches in Devanahalli and Mumbai in India.

The branches opened on Dec. 3 and Dec. 5, completing the group's “One India” network, which already includes operations in Chennai and Gurugram, launched in 2015 and 2019, respectively.

India’s young population, large domestic market and rapid digital transformation have helped sustain annual economic growth of six to seven percent in recent years, boosting demand for cross-border financial services from South Korean companies investing in manufacturing, information technology, energy and infrastructure, the group said.

Hana said the new branches are designed to provide faster, customized services for corporate clients and improved digital retail offerings.

The Devanahalli branch, located near Bengaluru, often referred to as India’s technology hub, will focus on supporting advanced manufacturing and research and development companies. The Mumbai branch will concentrate on investment banking, trade finance and capital markets services.

* This article, published by Aju Business Daily, was translated by AI and edited by AJP.