BNP Paribas infuses additional 50 mn euros into India operations

The BNP Paribas group today said that it has infused 50 million euros into its India operations on June 26 this year.        

This latest equity infusion is a part of BNP Paribas' commitment to growing its activities and presence in India, a press release issued here stated.         

With this infusion, the capital base of BNP Paribas Bank in India increases to over Rs 2,000-crore, the release stated.        

This infusion is in addition to the group's investment in various joint ventures in the country over the last three years, which including this latest capital increase, tops over euro 500 million.        

BNP Paribas India's Chief Executive and Country Head, Frederic Amoudru, said that "despite a globally challenging environment, BNP Paribas pursues its steady and disciplined growth strategy in India with both organic and inorganic investments. Step by step, we are deploying in India, the whole range of our capabilities to service our clients."