JPMorgan Targets Doubling India Finance Hub Business Within Two Years

JPMorgan Chase & Co. is expanding its operations in GIFT City, India's only international financial hub.

According to Global Co-Head of Payments Max Neukirchen, the bank aims to double its business in GIFT City over the next couple of years.

This investment is part of JPMorgan's efforts to step up its presence in India and tap into the country's growing financial market.

The bank is expanding into trade finance and forex, while adding liquidity and payment solutions for its clients.