Doha Bank, StockHolding join hands to offer India investment solutions
Under the MoU, Doha Bank will offer all banking-related services, while StockHolding will offer compliance, clearing, settlement and reporting services for all investment activities of customers.Doha Bank has signed a memorandum of understanding (MoU) with Stock Holding Corporation of India Limited (StockHolding), India’s premier custodian and depository participant, to facilitate its global customer base to invest in India.
Under the MoU, Doha Bank will offer all banking-related services, while StockHolding will offer compliance, clearing, settlement and reporting services for all investment activities of customers.
The customers will be able to invest through the permitted mechanism in all permitted securities across asset classes, such as equity, mutual funds, debt (including government debt), all derivatives (equity/debt/currency), AIFs, and securitised assets, among others.
In addition, StockHolding also offers all the eligible investors a direct access into the IFSC Market at Gift City, Gandhinagar. The IFSC has two international exchanges and offers various opportunities to trade on the derivatives segment in equity, indices, currency, and commodities on a single platform with all transactions being settled in US dollars.
Fill out the form and a member of our team will get back to you shortly.Usual response time 1-2 hours.
Both institutions will complement each other in sourcing the investors globally, Doha Bank said in a statement. The MoU reiterates Doha Bank’s long-term commitment to the Indian market and will enable the bank to further expand its service offerings for its overseas customers looking to invest in India, thereby aligning with its intention to become a one stop shop for its target customer base.
Doha Bank CEO Dr R Seetharaman said, “The tie-up with StockHolding will enable Doha Bank to offer seamless and integrated investment solutions in India to its customers outside India looking for opportunities to invest in the Indian debt and capital markets through the Portfolio Investment Scheme (PIS), Foreign Portfolio Investor (FPI) or Foreign Direct Investment (FDI) routes.
“The MoU will primarily target financial institutions, venture capital funds, pension funds, private equity funds, hedge funds, family offices and high net worth individuals (both non-resident Indians and other foreign nationals) based outside India and planning to invest in the Indian market.”
Set up in 1979, Doha Bank provides domestic and international banking services for individuals, commercial, corporate, and institutional clients through wholesale banking, retail banking, international banking, and treasury and investments.Doha Bank is rated A by Fitch; A3 by Moody’s and BBB+ by Standard & Poor’s for its long-term and foreign currency.
StockHolding was incorporated as a public limited company in 1986 and services retail and institutional investors through its 200 branches in India. It has been jointly promoted by leading banks and financial institutions. Currently, a Government of India Company, StockHolding has over 22% market share and accounts for Assets under Custody (AUC) of $535bn.
Article Source : gulf-times.com
Up to 15% Returns on Investment
Fixed return investments fully backed by properties.
*15% p.a. paid at the end of the term on capital gain option*
Submit your email address and a member of our team will contact you shortly. Usual response time is 1-2 hours.
Indian and foreign firms committed an investment of nearly Rs 36,128 crore in Gujarat’s ports sector at the ninth Vibrant Gujarat Global Investors Summit on Friday. Port of Amsterdam signed atripartite agreement for developing a cruise terminal in Porbandar. An...
The facility, which will be utilised for the company's powertrain business, is scheduled to begin production by early 2020. Technology firm Continental on Thursday said it is investing approximately 30 million euros (Rs 240 crore) to set up a new manufacturing plant...
M12 Partner Rashmi Gopinath said the entity will invest in enterprise B2B startups, participating in series A to C rounds with cheque sizes ranging between USD 2-10 million. Betting big on the burgeoning Indian startup ecosystem, Microsoft's corporate venture fund,...
UP TO 15% PER YEAR FIXED RETURN
3 year investment plan, ideal for first-time investors.
Flexible Payment Options
Option to receive interest payments monthly or quarterly.