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‘Our new Mumbai office is the next chapter in our multi-decade growth trajectory in India, underscoring the substantial opportunities we see in the market, says a company official.
Goldman Sachs, which has been serving clients in India since the 1980s, operates its largest office outside the United States in the country.
Goldman Sachs Group has opened a new office in Mumbai’s Worli business district as part of its expansion in India, Bloomberg reported on Monday. The New York-headquartered investment bank said the new premises are around 50% larger than its previous location in the city, reflecting its growth ambitions in the world’s fourth-largest economy.
“Our new Mumbai office is the next chapter in our multi-decade growth trajectory in India, underscoring the substantial opportunities we see in the market,” Bloomberg quoted Kevin Sneader, the firm’s Asia Pacific (ex-Japan) president, as saying.
Global financial firms, including Wall Street lenders and private equity houses, have been increasing their presence in India amid growing opportunities in the country’s financial sector.
Goldman Sachs, which has been serving clients in India since the 1980s, operates its largest office outside the United States in the country, according to the report.
Last week, US-based rating agency S&P Global also upgraded India’s sovereign rating to ‘BBB’ after more than 18 years, citing strong economic fundamentals that are likely to support growth in the next two to three years. It also pointed out that monetary policy has become “increasingly conducive to managing inflationary expectations”.
A day after, it also upgraded the ratings of India’s 10 financial institutions, including seven Indian banks (SBI, ICICI Bank, HDFC Bank, Axis Bank, Kotak Mahindra Bank, Union Bank of India, and Indian Bank) and three finance companies (Bajaj Finance, Tata Capital, and L&T Finance).
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al…Read More
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al… Read More
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