Financial Daily from THE HINDU group of publications
Sunday, Nov 27, 2005
Financial Daily from THE HINDU group of publications Sunday, Nov 27, 2005 |
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Money & Banking
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Alliances & Joint Ventures SBICAP, Doha Bank tie up Our Bureau
Mumbai , Nov. 26 SBI Capital Markets (SBICAP) has signed a memorandum of understanding with Doha Bank, to jointly provide project finance and advisory services in Qatar. This is part of SBICAP's initiatives to expand its foreign presence. The investment bank, which is a wholly-owned subsidiary of the State Bank of India, has a presence in London as also alliance arrangements in Colombo and Bangladesh. An SBICAP press release quoted Mr Indrajit Gupta, Managing Director and Chief Executive Officer, as saying that the alliance with Doha Bank would give SBICAP direct access to the Qatar market, to financial institutions and mid- to large-size corporations besides an opportunity to participate in the economic activities of Qatar. The release also quoted Mr R. Seetharaman, Acting General Manager, Doha Bank, as saying, "Through our alliance, we will significantly augment niche services such as corporate advisory services, financial structuring, economic and financial research, syndications, appraisals, cross border transactions advisory, infrastructure advisory and securitisation."
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