In July, Credit Suisse announced that it had finally been allowed back into investment banking in India by local regulator Securities and Exchange Board of India. The new merchant banking licence permits Credit Suisse to undertake securities underwriting and corporate finance in what has been one of Asia’s most active markets in the past two years.
The new licence will come as a huge relief to Credit Suisse, which effectively shuttered its Indian investment banking and securities business after an ignominious exit at the hands of SEBI.
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