The Bank Of China has set up its first branch in India.

Bank of China commenced operations in India by launching the first branch in Mumbai in June 2019.

Bank of China commenced operations in India by launching the first branch in Mumbai in June 2019.Indian Prime Minister Narendra Modi and Chinese President Xi Jinping had met during the sidelines of the Shanghai Corporation Organisation summit that was held in June 2018. During that meeting, Narendra Modi was said to have committed to allow the Bank of China to set up operations in India. In March 2019, the opening ceremony was held in Mumbai, which was attended by Indian and Chinese parliamentarians, Bollywood celebrities along with the Chairman of the Bank of China and other dignitaries. The bank officially launched its operations in Mumbai in June 2019, becoming the first branch of the state-owned Bank Of China in India.