BNP Paribas India - an overview
BNP Paribas was one of the first banks to start a dialogue with India in 1860 begining operations in Calcutta (renamed Kolkata). In those days, the Bank was known as the Comptoir National d'Escompte de Paris (CNEP). We have since then spread our branches to eight key metros & mini metros and widened and enriched our product repertoire. Today, BNP Paribas is the second oldest foreign bank on the Indian soil and is positioned amongst the leading corporate banks in India.
This historical association with India from her independence to liberalization has given BNP Paribas an unparalleled experience of the Indian economy as we have witnessed her grow at close quarters. Our integrity, consciousness and commitment to the business in India has bailed us out of the 'cotton crisis' in 1865 and protected us from crashing during the depression of 1929-32 and again during the Second World War in 1940, and finally kept us away from the infamous scam of 1992.
Currently we have a presence in 8 major cities of Mumbai, Delhi, Kolkata, Chennai, Hyderabad, Bangalore, Ahmedabad and Pune where it offers sophisticated banking solutions through its two core business lines viz., Corporate and Investment Banking and Private Banking and deploys its world class capabilities in these fields.
The globalisation of the Indian economy and the emergence of internationally competitive and acquisitive Indian groups has enabled the bank to offer Indian clients financing tools to grow and take advantage of global opportunities.
In addition to financing clients, both Corporate and Financial Institutions, BNP Paribas has emerged as one of the top providers of structured risk management solutions for interest rate and forex exposures thanks to the full deployment of our global product platform in India.
The Wealth management franchise in India has grown extensively on the back of the group's renowned expertise providing the Private Banking outfit a strategic orientation in India. The Private Banking wing has been recognized as the 2nd best Private Bank in India by the prestigious magazine Euromoney for the year 2004.
While we are proud of our deep-rooted history in this country and the strong relationships that we have forged through our values we are continually changing to proactively prepare for the challenges that lie ahead.
CIB business currently in operation within India would be as follows:
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