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Home » Foreign Banks in India » BNP Paribas India | |||||||||||||||||
BNP Paribas |
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BNP Paribas was one of the first banks to start a dialogue with India in 1860 begin operations in Calcutta (renamed Kolkata). In those days, the Bank was known as the Comptoir National d'Escompte de Paris (CNEP). The Bank have since then spread its branches to eight key metros & mini metros and widened and enriched the product repertoire. Today, BNP Paribas is the second oldest foreign bank on the Indian soil and is positioned amongst the leading corporate banks in India. |
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Today, many of India's top Corporates – both domestic and multinationals bank on BNP Paribas to meet their specialized corporate banking requirements. BNP Paribas boasts a long tradition in private banking: its expertise in financial management and investment has served the great entrepreneurs and the foremost names in private investing for more than a century. Besides, through BNP Paribas Private Banking, it offer lasting relationships with selected high profile individuals in the country. |
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Foreign Banks like BNP Paribas in India always brought an explanation about the prompt services to customers. After the set up foreign banks in India, the banking sector in India also become competitive and accretive. New rules announced by the Reserve Bank of India (RBI) for the foreign banks in India in Budget 2009 has put up great hopes among foreign banks which allows them to grow unfettered. Now foreign banks in India are permitted to set up local subsidiaries. The policy conveys that foreign banks in India may not acquire Indian ones (except for weak banks identified by the RBI, on its terms) and their Indian subsidiaries will not be able to open branches freely. Please see the list of Foreign banks in India till date.
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