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Article: QATAR: DOHA BANK OBTAINED APPROVAL TO INCREASE STAKE IN DOHA BROKERAGE AND FINANCIAL SERVICES LIMITED GROUP, INDIA.
- Article from:
- IPR Strategic Business Information Database
- Article date:
- September 25, 2008
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According to Doha Securities Markets: Doha Bank currently holds 49% stake in Doha Brokerage and Financial Services Limited ("DBFS") Group, India. DBFS Group's business segments include brokerage, commodities trading, derivative trading, and margin trading and asset management services. Further, DBFS Group has also obtained license from Reserve Bank of India (central bank in India) making it eligible to conduct non-banking non-deposit taking financial service operations. In light of the potential opportunities existing in the growing financial service segment in India, Doha Bank's Board of Directors approved for ...