Strengthening India–EU Financial Ties in Munich
Union Minister for Finance & Corporate Affairs Nirmala Sitharaman met Christine Lagarde, President of the European Central Bank, in Munich.
Key highlights:
✅ Celebrated finalisation of the India–EU Free Trade Agreement in January 2026
✅ Discussed the role of the ECB in facilitating trade under the FTA
✅ India will allow EU banks to open up to 15 branches over four years under the FTA framework (FY 2025-26 & FY 2026-27)
This engagement marks a significant step in deepening financial cooperation between India and the European Union.
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