JPMorgan to Double India Finance Hub Business Amid Expansion Plans

JPMorgan Chase & Co. is expanding its presence in India's only international financial hub, GIFT City. The bank plans to double its business over the next couple of years, according to Global Co-Head of Payments Max Neukirchen.

The company has been operating in GIFT City for four years and currently has a few hundred clients there. Business growth has been substantial, with JPMorgan expanding into trade finance and forex, as well as adding liquidity and payment solutions.