Business Standard

Hinduja acquires Swiss bank

Related News

today said it has acquired (BCL), which will be merged with its subsidiary (Switzerland).

"The latest acquisition adds the third key financial centre in Switzerland, Lugano, to the HBS network, as well as a fully-licenced bank in the Cayman Islands," the holding company said in a statement.

The statement did not give any details of the acquisition, including the deal value.

HBS offers a range of services like wealth management, trade finance, investment solutions and corporate finance.

"In this acquisition we saw businesses that were aligned with our growth strategy," Hinduja Swiss Holding and Hinduja Group Chairman Srichand P Hinduja.

The Swiss bank BCL specialises in private banking and trade finance, the statement said.

Read more on:   
|
|
|

Read More

Going out of Citi Suvidha? Keep higher balance

Citi India’s ‘Suvidha’ salary account holders will need to maintain a monthly net relationship value of Rs 1 lakh if their salary is no longer ...

Quick Links

More news from Finance Rss icon

RBI will cut interest rate at the right time: Sandhu

With the central bank keeping its short-term lending rate unchanged citing inflationary risks, Financial Services Secretary G S Sandhu on ...

Private insurers shift focus to regular premium products

Insurance executives said that Life Insurance Corporation of India will play a large role in this space going forward

Health, motor top charts in non-life premium collection

Industry players say this is because the demand in other segments is still low

Back to Top