MUMBAI, Feb. 13 -- Mashreqbank PSC plans to add $150 million in capital to its Indian operations as it looks to ramp up its presence in the country's corporate banking landscape.

Tushar Vikram, chief executive officer and country head India of Dubai-based Mashreq, said in an interview that the bank has about $300 million of capital in the country, $250 million of which the parent infused over the past three years.

"We have approval to bring another $150 million and subject to all the documentation, it may happen before the end of the financial year in this quarter (Q4 of FY26)," said Vikram.

Vikram joined Mashreq, the fifth-largest bank in the UAE by assets, as head of the India business in 2024 after spending almost three decades at C...