Commonwealth Bank of Australia (CBA) has become the first bank in India operates.

Banks primarily in the areas of trade finance and foreign exchange remittances services will place its major focus. CBA's International Financial Services head Simon Blair has said that they are prioritized the development of the market of China, India, Indonesia and Vietnam.

These four counties will be under main focus of the bank. They have also seen increasingly in emerging markets.

According to the Australian link, she sent for 4, 00, 000 Indian population living in Australia. Opponent in ANZ bank has sought for a banking license in India. ANZ's heavy involvement in his famous Harshad Mehta scam was to make an exit after.

The bank has also said that 52% of people of Indian origin in Australia are associated with the bank. So the bank remittances and overseas Banking services in India see a lot of opportunities.

The bank has to look after sever issues like the requirement of Indian customers and the financial situation of the country.