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DOHA BANK ENTERS INTO MOU WITH STOCK HOLDING CORPORATION OF INDIA

Doha Bank DHBK -0.27% 1.49 -0.00
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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