JPMorgan Chase Bank India Eyes Balance Sheet Growth (Correct)

JPMorgan Chase Bank India wants to increase its balance sheet by around 10% next year, part of the firm’s wider plan to become one of the top three foreign banks in the country, according to Pranav Chawda, its chief executive officer.

The bank wants to boost its $15 billion balance sheet in part by upping its exposure to mid-caps, which have boomed over the past few years amid India’s breakneck economic growth. The firm is also planning to hire as many as 80 people, including bankers, next year, said Chawda.

Pranav Chawda

Source: JP Morgan Chase Bank

“It’s a Goldilocks period for us and also ...