Westpac Banking Corporation opens its firsrt branch in Mumbai

Westpac Banking Corporation (Westpac Institutional Bank) received its banking licence from RBI on April 16, 2012. Westpac has operated in India since 2007 through its representative office.

Westpac Institutional Bank (WIB):

• The Institutional Bank, which contributed 26% of Westpac’s total earnings in 2010, provides advisory and wholesale banking services to Westpac’s corporate and institutional customers.

Westpac Banking Corporation

• Australia’s Oldest Bank
• A multinational financial services, one of the Australian "big four" banks and the second-largest bank in New Zealand.
• Gail Kelly (CEO and Managing director)

Month: Current Affairs - November, 2012