We are delighted to share that Ruchika Bhatia has joined our Bank at the Dubai International Financial Center as Banker, Vice President.
On behalf of the entire Santander Private Banking International team, we extend a warm welcome to Ruchika!
#privatebanking#talent
Seasoned Senior Emirati Corporate Banker, with over 23 years of corporate banking experience and last position held with Doha Bank as Chief Country Manager UAE in August 2022, position approved by CBUAE.
Tarek El Nahas, Senior Executive Vice President and Group Head of International Banking at Mashreq, was recently in an in-depth conversation with moneycontrol.com's Swaraj Singh Dhanjal, discussing Mashreq’s journey in India over four decades, highlighting the recent strategic shift towards intensifying corporate banking while growing its financial institutions franchise. He emphasizes India's significance as the bank's largest market outside the UAE, constituting 25% of its international corporate banking assets. Tarek delves into the bank's focus areas in India and the investments made to strengthen its foothold in the country.
Tarek says, “We made a deliberate choice to intensify our focus on corporate banking, as we continue growing our financial institutions franchise. Recognising the growing potential of the Indian market and armed with a comprehensive banking license, we are committed to a more robust engagement with our corporate clients. This shift catalysed the recruitment of top-tier talent and consequently, within a remarkably short period, by 2023, India emerged as our largest market for funded assets, second only to the UAE, demonstrating the immense growth opportunities within the Indian market.”
Read the full interview here "India is now our biggest market outside the UAE": http://ms.spr.ly/6048YwELj#Mashreq#RiseEveryDay
Tarek El Nahas, Senior Executive Vice President and Group Head of International Banking at Mashreq, was recently in an in-depth conversation with moneycontrol.com's Swaraj Singh Dhanjal, discussing Mashreq’s journey in India over four decades, highlighting the recent strategic shift towards intensifying corporate banking while growing its financial institutions franchise. He emphasizes India's significance as the bank's largest market outside the UAE, constituting 25% of its international corporate banking assets. Tarek delves into the bank's focus areas in India and the investments made to strengthen its foothold in the country.
Tarek says, “We made a deliberate choice to intensify our focus on corporate banking, as we continue growing our financial institutions franchise. Recognising the growing potential of the Indian market and armed with a comprehensive banking license, we are committed to a more robust engagement with our corporate clients. This shift catalysed the recruitment of top-tier talent and consequently, within a remarkably short period, by 2023, India emerged as our largest market for funded assets, second only to the UAE, demonstrating the immense growth opportunities within the Indian market.”
Read the full interview here "India is now our biggest market outside the UAE": http://ms.spr.ly/6045YwELN#Mashreq#RiseEveryDay
Banking Professional | General Manager | Leading with Expertise in Finance, Sales, and Customer-Centric Strategies | Driving Business Excellence and Innovation
As someone who has spent over 14 years in the banking and finance industry, I’ve witnessed firsthand the dynamic shifts in the UAE's financial landscape. The current economic environment presents both challenges and opportunities. Businesses are increasingly seeking tailored financial solutions that offer stability and growth in uncertain times. My experience at Mashreq Bank and Axis Bank has taught me the importance of providing clear, actionable advice to help clients navigate these complexities.
With the UAE continuing to adapt to global economic trends, there’s a growing emphasis on innovation in financial services, from digital banking to personalized investment strategies. It’s crucial for businesses to stay agile and for financial professionals to be proactive in guiding them through these transitions.
Let’s connect and discuss how we can leverage our collective expertise to make a positive impact in this evolving financial landscape.
#UAE#Banking#Finance#EconomicTrends#BusinessGrowth
Empowering business | Individuals and expats to thrive in Uae through seamless business set up | golden visa | Residency |Tax optimization and banking assistance |
🌟 As an ex banker, I've simplified the process In my latest video, I've outlined the essential documents needed to open a bank account in the UAE:
There are several reasons why people may find banking procedures challenging, especially when setting up or operating a business in a new environment like Dubai Or simply establishing a non resident personal account here . Lets disect a few reasons why it may be challenging , and lets understand what documents are needed in order to facilitate a smoother approach.
1.Documentation Requirements: Banks often have strict requirements for documentation, including proof of identity, residency status, source of income, and business registration details. Gathering and submitting these documents correctly and promptly can be daunting for individuals unfamiliar with local regulations.
2.Regulatory Compliance: Banking procedures in Dubai adhere to strict regulatory frameworks, which aim to prevent money laundering and ensure financial stability. These regulations can lead to extensive paperwork and verification processes, which may seem complex to newcomers.
3. Changes in Regulations: Regulations and procedures in the banking sector can change over time in response to economic conditions or regulatory updates. Keeping up-to-date with these changes can be challenging for individuals not regularly involved in the financial industry.
4. Complexity of Services: Depending on the type of banking services needed (e.g., corporate accounts, international transactions), the complexity of procedures may vary. Navigating through these services without prior experience can contribute to perceived difficulties.
I hope this clears things up for you. If you have any questions, feel free to DM me or email at zebamajithia@gmail.com.
#zebamajithia#BankingSimplified#UAEBanking#DocumentsNeeded#Entrepreneurship#BusinessTips#BankingProcedures#DubaiBusiness
من قلب أبوظبي إلى شوارع دبي المليئة بالحياة، يعلن بنك المارية المحلي عن منصة الخدمات المصرفية للشركات التي تقدم خدمات رقمية لحسابات الأعمال بطريقة سهلة، مجانًا، وفي وقت قصير
From the heart of Abu Dhabi to the bustling streets of Dubai, Mbank announces its Corporate Banking Platform offering easy digital business account services for free, and in no time!
#MbankUAE#DigitalBank#BankOnUs#CorporateBanking#SMEs
Our CEO, Mr. Hisham Hammoud, shares insights on the future of banking in the region in an exclusive interview conducted during the MEA Finance "Open Banking & Beyond Summit 2024".
In this insightful conversation, he explores the current landscape of Open Banking in our region and the potential opportunities for economic growth through this innovative approach.
#AafaqIslamicFinance#AafaqUAE#CEOInsights#OpenBanking#EconomicGrowth#FutureofFinance#UAE#Dubai
Have you read that Mashreq introduced #API-enabled instant payments for corporate clients?
👉 As for me this marks a significant milestone in the UAE's #digitalbanking landscape.
I see the impact of such innovations on businesses' operational efficiency and employee satisfaction. Instant payments can simplify payroll processes by ensuring that employees receive their salaries on time, which can boost morale and productivity.
Furthermore, the integration with the Central Bank of The UAE's Aani platform demonstrates Mashreq's commitment to fostering financial inclusivity and economic growth.
I am sure this move not only positions Mashreq as a leader in #digitalbanking but also sets a new standard for corporate financial operations in the #MENA region.
Market Head GCC at Banco Santander Private Banking
4moIt is a pleasure to welcome you to the team Ruchika. Wishing you success in this exciting new journey. Rgds, Fady