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Doha Bank Enters
Into Mou With Stock Holding Corporation of India
January 06, 2019
Doha Bank QPSC has entered
into 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 this tie-up, 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 i.e equity, mutual
funds, debt (including Government debt), all derivatives
(equity/ debt/currency), AIF’S, Securitised assets etc. 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 settlement in USD.
Both the institutions will
complement each other in sourcing the investors globally.
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.
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