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Inside NAB’s booming Indian banking hub, where staff earn $40k a year

The Australian Financial Review (AFR) •
October 28, 2026 • 06:00 PM
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Corporate filings for the Global Innovation Centre show a 54 per cent increase in staff over just one year, spread across 20,000 square metres in three cities.

Inside NAB’s booming Indian banking hub, where staff earn $40k a year

National Australia Bank is spending more than $300 million a year on building its Indian workforce and is encouraging its senior leadership to hire more staff offshore as it restructures thousands of roles in its home country.

Corporate filings for the bank’s Global Innovation Centre India reveal that theNAB’s Indian workforce increased 54 per cent to 4534 in the year to March, spread across the bank’s more than 20,000 square metres of office space in three locations from Gurugram on the outskirts of Delhi to Bengaluru in the country’s south. Its flagship office is a towering building with the bank’s name on top.

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