Market Chatter: JPMorgan Chase to Open First New Branch in India in 10 Years

MT Newswires Live12-11

JPMorgan Chase (JPM) is planning to open a new branch in India after almost 10 years, with an in-principle approval from the Reserve Bank of India for the new branch, Bloomberg reported Thursday, citing sources familiar with the matter.

Sources told Bloomberg that the new branch will offer a broad product suite, from banking transactions to term loans.

JPMorgan Chase did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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