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BNP Paribas to shutter India onshore private bank

BNP Paribas will shutter its private banking business in India in a decision that once again casts a poor light on foreign banks’ commitment to the market. News of the retreat surfaced on Tuesday night after affected clients and staff were informed of the decision, Asian Private Banker understands. BNP Paribas Wealth Management currently ranks as India’s largest foreign private…

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