Trade and Development Bank of Mongolia opens a Rupee account with Axis Bank of India
Trade and Development Bank of Mongolia opens a Rupee account with Axis Bank of India
With the opening of this account, TDBM aims to play a significant role in supporting cross-border trade and the implementation of projects under both the Government of India and the Government of Mongolia, thereby having a positive impact on economic activities. This new payment solution is set to streamline and expedite foreign transactions, providing enhanced opportunities for faster and more efficient payments.
Axis Bank, headquartered in Mumbai, the capital city of Maharashtra state, operates with over 5,000 branches and was recognized as the leading private sector bank in 2024.