Deutsche set to tap India's sec-lending potential
The bank is to become the second foreign custodian to enter the market from next month, with insurers tipped to be allowed to lend out their equity holdings around the same time.
Deutsche Bank is set to launch securities lending in India from next month as the market draws increased interest from global custodians. It comes amid expectations that the regulator will permit insurers to enter, a segment where the German bank has a strong market share.
Deutsche will become the second foreign custodian to provide such a service in the country after US rival Citi did so earlier this month, as reported by AsianInvestor.
Anand Rengarajan, head of direct securiti…
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