Russia’s VTB bank to shut India office

Russian bank VTB has decided to close its only office in New Delhi, India to cut costs but will continue to work in India, the bank stated.

The decision to shut the branch in India was taken as part of a strategy of VTB Group aimed at optimizing costs and will continue to work on the Indian market expanding its cooperation with local partners. 

Takeaways from above news-
  • VTB bank headquarter is in Moscow, Russia
  • VTB Bank office was in New Delhi.
  • VTB bank founded in 1990.
 If you have any other takeaways, do share with us in the comment section
Source- The Indian Express

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