15 Oct 2008 12:56
RNS Number : 9045F
Axis Bank Limited
15 October 2008
The headline for the Axis Bank Ltd announcement released on 13/10/2008 at 07:00
under RNS No 6651F should read Forming of a Joint Venture Company.
The announcement text is unchanged and is reproduced in full below.
FORMING OF A JOINT VENTURE COMPANY FOR PRIVATE BANKING
At the meeting of the Board of Directors of the Bank held today the Board of Directors approved a proposal to form an Asset Management Company (AMC) jointly with Banque Privee Edmond de Rothschild Europe (BPERE), part of the LCF Rothschild Group, to provide Investment Advisory services for Private Banking and Wealth Management in India.
The incorporation of the company will be subject to the approval of the Reserve Bank of India and other Regulatory Authorities.
This information is provided by RNS
The company news service from the London Stock Exchange
Axis Bank Regs (AXB)