In a bid to capitalize on the available opportunities in the global market, two Indian lenders - Axis Bank and Indiabulls Financial Services - are seriously mulling plans to set up their offices in London.

Axis Bank has plans to set up its London office sometime early next year. It will be Axis Bank's first branch outside Asia.

Indiabulls Group's financial arm - Indiabulls Financial Services - also has plans to offer non-resident Indians (NRIs) and people of Indian origin credit for properties in India.

Indiabulls Real Estate Ltd, the real estate branch of Indiabulls Group, already has an office in London.

Axis Bank and Indiabulls Financial Services are not going to be the first Indian financial institutions to open offices in London. State Bank of India, Punjab National Bank, Bank of Baroda, Syndicate Bank, Union Bank, ICICI Bank, Kotak Mahindra and IL&FS are already present in London.

Meanwhile, London Mayor Boris Johnson landed in Mumbai on Friday. He is on a business trip to India. When asked about tax structure in the UK, he said that George Osborne should reconsider whether the 40-45 per cent rates were too high. He added that India had got tax rates of must 30 per cent, which could make Osborne to brood on it.