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Citibank lauches `Investment in Global Bonds`
New Delhi, May 19: Citibank today launch `Investment in Global Bonds`, an investment product which would allow resident Indians to invest in rated bonds issued by overseas companies.
New Delhi, May 19: Citibank today launch 'Investment in Global Bonds', an investment product which would allow resident Indians to invest in rated bonds issued by overseas companies.
Citibank is the first bank in the country to launch such a product, pursuant to the guidelines by RBI in its recent credit policy, a release said here.
Citibank will facilitate investments in 'AAA' rated bonds of overseas companies that meet the Reserve Bank of India stipulations.
The list of such global bonds would be increased as and when the rules are further liberalised with simplifying norms.
This facility would be available to all existing and new Citibank cutomers, it said.
Citibank, with its global network, is uniquely positioned to offer a whole range of global investment products as and when the full capital account convertibility takes shape in India, global consumer bank head, Citibank India, Sarvesh Sarup said.
The launched product is the second global product after Citibank international account, he said.
"With availability global investment products, an Indian customer can now diversify his investment portfolio across currencies and geographies", he said.
Bureau Report
Citibank is the first bank in the country to launch such a product, pursuant to the guidelines by RBI in its recent credit policy, a release said here.
Citibank will facilitate investments in 'AAA' rated bonds of overseas companies that meet the Reserve Bank of India stipulations.
The list of such global bonds would be increased as and when the rules are further liberalised with simplifying norms.
This facility would be available to all existing and new Citibank cutomers, it said.
Citibank, with its global network, is uniquely positioned to offer a whole range of global investment products as and when the full capital account convertibility takes shape in India, global consumer bank head, Citibank India, Sarvesh Sarup said.
The launched product is the second global product after Citibank international account, he said.
"With availability global investment products, an Indian customer can now diversify his investment portfolio across currencies and geographies", he said.
Bureau Report