Australia and New Zealand (ANZ) Bank is preparing itself to enter back into the Indian banking space. The bank plans to set up its first branch in Mumbai and has been successful in getting an approval for the same from Reserve Bank of India.

The lender plans its first branch to be set up between April to May this year. "The opening of our first branch will give us opportunity to provide our clients full range of services," Subhas De Gamaia, CEO, ANZ Capital Private Ltd said.

The bank would first put its focus on wholesale banking. Wholesale banking would encompass services like finance, consultancy, market and mergers and acquisitions to the corporate clientele' of the bank.