It was back in 1984 that the ANZ Bank last embarked on a campaign to conquer India. That was the year it purchased Grindlays Bank on the sub-continent. Five years later it changed the Grindlays name to ANZ Grindlays.
Today comes the news that the ANZ Banking Group Ltd has been granted approval by the Reserve Bank of India (RBI) for a foreign banking licence, allowing the firm to open a branch in Mumbai during the first half of 2011. The licence was granted after ANZ confirmed the location of the branch in the city's extended business district of Worli-Prabhadevi.