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JPMorgan targets new branches in India for wholesale banking

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Mr Aurangzeb is aiming to open the new outlets next year, to add to the firm's sole wholesale branch, opened in Mumbai in 1994.

Hong Kong

JPMORGAN Chase & Co, the largest US bank, is seeking branch licences in India to bolster its wholesale banking operations in the country.

The bank is in talks with the Reserve Bank of India (RBI) over permits for centres to support corporate client services including