Overview
- JPMorgan confirmed it has received in-principle approval from the Reserve Bank of India to establish a new branch in Pune.
- This marks the bank’s first physical branch expansion in India in nearly a decade.
- The branch will offer trade finance, liquidity management and foreign-currency payments aimed at corporate clients.
- Reports indicate the location is intended to deepen services for mid-cap companies, with an opening targeted around mid-2026 subject to final clearances.
- Global lenders are scaling up in India as growth and credit demand rise, with Standard Chartered operating 100 branches and HSBC cleared to add 20, while JPMorgan’s footprint remains smaller.