JPMorgan to open first new India branch in Pune in nearly a decade

• JPMorgan Chase & Co. is set to open its first new branch in India in nearly a decade.
• The new branch, its fourth in India, will be located in Pune and has received in-principle approval from the Reserve Bank of India.
• It will cater to corporate clients, offering a full suite of products from transaction banking to term lending.
• This expansion highlights JPMorgan's increased focus on India's rapidly growing economy and stable macro environment.

Why It Matters: JPMorgan's new branch highlights India's appeal for global financial growth.