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Standard Chartered Bank to set up subsidiary in India

Industry Economy

Standard Chartered Bank is planning to set up its subsidiary India. It will seek permission from the Reserve Bank of India next year to set up the same. Moreover, several foreign banks, including DBS, State Bank of Mauritius, ABN Amro and First Rand Bank, have evinced interest in setting up a wholly owned subsidiary in India.

Extracted from ET, Oct 06,’15



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