Fubon Bank secures approval for branch in IndiaStaff writer, with CNATaipei Fubon Bank Co (台北富邦銀行) has secured approval from the Financial Supervisory Commission (FSC) to open a branch in Mumbai, India. The signage of Taipei Fubon Commercial Bank, a subsidiary of Fubon Financial Holdings Co, is pictured in Taipei in an undated photograph. Photo: Kelson Wang, Taipei TimesThe commission therefore issued the green light to Taipei Fubon Bank to seek approval from financial authorities in India to open a branch in the Indian financial hub. As of the end of last month, Taipei Fubon Bank had overseas branches in Vietnam’s Ho Chi Minh City, Hanoi and Binh Duong, as well as in Hong Kong and Singapore, the FSC said, adding that the bank owns a subsidiary — Fubon Bank — in China. Taipei Fubon Bank also posted a new monthly high of almost NT$3.5 billion in net profit that month.

Source: Taipei Times February 21, 2024 20:09 UTC