Business Moves

BNP Paribas granted custody licence in India

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The French bank follows up similar deals in Hong Kong and Singapore last year and is planning others elsewhere in the region.

BNP Paribas Securities Services can now provide local custody services from its Mumbai office, following approval of its custody licence by the Securities and Exchange Board of India.

The move follows similar developments in Hong Kong and Singapore last year and is in line with the French bank's global strategy and growth in Asia. BNP Paribas plans to set ...

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