13th Oct 2008 07:00
RNS Number : 6651F
Axis Bank Limited
13 October 2008
FORMING OF A JOINT VENTURE COMPANY FOR PRIVATE BANKING
At the meeting of the Board of Directors of the Bank held today the Board of Directors approved a proposal to form an Asset Management Company (AMC) jointly with Banque Privee Edmond de Rothschild Europe (BPERE), part of the LCF Rothschild Group, to provide Investment Advisory services for Private Banking and Wealth Management in India.
The incorporation of the company will be subject to the approval of the Reserve Bank of India and other Regulatory Authorities.
This information is provided by RNS
The company news service from the London Stock Exchange
Related Shares:
Axis Bank Regs