TAIPEI, April 21, 2025 – Cathay United Bank (CUB) has received formal approval from Taiwan’s Financial Supervisory Commission to establish a branch in Mumbai, marking a significant milestone in the bank’s long-term vision to become a leading regional financial institution in Asia.
The new Mumbai branch will provide vital financial support to Taiwanese enterprises expanding into India, a country that saw bilateral trade with Taiwan rise by 29% in 2024 to a record USD 10.6 billion. With over 250 Taiwanese companies now operating in India, the bank’s presence aims to bridge financial needs between the two economies.
“This move allows us to deepen our international resource integration and better support the shifting dynamics of global supply chains,” said Alan Lee, President of CUB. “India is a strategic market that aligns perfectly with our goals for sustainable regional development.”
CUB currently operates in 12 countries and regions and plans to accelerate its growth across ASEAN and South Asia. Its international footprint includes branches, subsidiaries, joint ventures, and representative offices, positioning the bank to offer truly cross-border financial services.
