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Banking & Finance

Woori Bank to add two new branches in India 2024

The S.Korean bank obtained preliminary approval for Pune and Ahmedabad offices from the Reserve Bank of India

By Oct 31, 2023 (Gmt+09:00)

1 Min read

The　headquarters　of　Woori　Bank　in　Seoul
The　headquarters　of　Woori　Bank　in　Seoul

South Korea's Woori Bank plans to open two new branches in India in the first half of next year. 

The bank announced on Tuesday it has obtained preliminary approval for the opening of branches in Pune and Ahmedabad from the Reserve Bank of India.

Woori Bank said that Pune is a key city in the western automotive industry belt of India, while Ahmedabad is an export hub in the harbor area with the world's largest petrochemical complex.

With these additions, Woori Bank will have a total of five branches in India. The bank previously opened offices in Chennai in 2012, Gurgaon (Delhi), and Mumbai in 2017.

Write to Bo-Hyung Kim at kph21c@hankyung.com
#Woori Bank #Reserve Bank of India #preliminary approval #Pune #Ahmedabad #branch offices
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