Credit Suisse gets green light in India
The Swiss dealer received approval in principal from the central bank in March, and last week it was affirmed, said a Hong Kong-based spokesperson at the bank.
The licence enables the bank to deal in Indian government securities, other domestic fixed-income products and foreign exchange, and accept deposits and offer financing. “We are delighted to have received this licence from the RBI and look forward to being a constructive participant in the Indian banking industry,” said Kai Nargolwala
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