JPMorgan Chase has been allowed to set up three more branches in India. The RBI has communicated its approval to the bank recently. The US bank responded saying this will enable it to provide better services to its clients in India and overseas. Kalpana Morparia, CEO, South & South East Asia of the bank, said India has been a large recipient of foreign direct investment which means more and more global MNCs are investing in India and given the fact that JPMorgan Chase is a global bank and has a global platform of products and services to offer, these new branches will further deepen its banking platform. The new branches will be located at New Delhi, Bengaluru and Chennai. At present, the bank serves its clients from its sole branch in Mumbai
