The Gateway of India and boats as seen from the Mumbai Harbour in Mumbai, India

Coöperatieve Rabobank U.A., Mumbai Branch

Following a strategic review of its business in India, Rabobank Group has taken the difficult decision to close its Mumbai branch after more than 2 decades of Rabobank presence in the country. This has been announced on November 15th, 2021.

Rabobank Group to close Mumbai branch

The closing of the Mumbai branch will take place over the coming years in a phased manner. The bank’s priority is to ensure that the changes are implemented in a manner which will minimize disruption to our clients and our staff. The bank is actively working with regulators to execute its plan and is planning to redeploy employees in other businesses where possible.

Announcement 15 November 2021

Following a strategic review of its business in India, Rabobank Group has taken the difficult decision to close its Mumbai branch after more than two decades of Rabobank presence in the country. The decision is in line with the group’s strategy to simplify and enhance the operating model whilst growing its Wholesale Banking activities in several markets including Asia.

The closing of the Mumbai branch will take place over the coming years in a phased manner. The bank’s priority is to ensure that the changes are implemented in a manner which will minimize disruption to our clients and our staff. The bank is actively working with regulators to execute its plan and is planning to redeploy employees in other businesses where possible.

Rabobank Foundation in India

Through the Rabobank Foundation, Rabobank pursues its objectives to make a difference in the world by helping smallholder farmers in developing countries including India to build a better life. Stronger farmer organizations are key to providing growth opportunities to underserved populations. That’s where we can make the greatest positive change happen.

Find out more about the Rabobank Foundation projects we support in Asia