Australia's ANZ expands in Northern India

By Cecile Lefort

SYDNEY (Reuters) - Australia and New Zealand Banking Group is expanding its presence in Northern India with the opening of a branch in Gurgaon to take advantage of growing trade and investment flows within the region.

Australia's No. 3 lender, which is already present in Mumbai and Bengaluru, plans to open another site in outer Bengaluru, it said in a press release.

"India's annual trade with Asia Pacific is worth around $250 billion and it is the fourth largest destination for Australian exports," said ANZ Chief Executive Officer Mike Smith.

(Reporting by Cecile Lefort; Editing by Andrew Hay)