BSE's corporatisation not to affect BoI Shareholding
Kolkata: Bombay Stock Exchange's move to corporatise will not affect the shareholding of Bank of India, which has a joint venture with the former that undertakes clearing activities for the exchange. The bank has a dominant 51 per cent stake in the JV.

The bank's association with the exchange goes back to the 1920s when settlements were managed by its staff manually for a number of years. BSE has acknowledged that a great increase in volumes was noticed in the mid-1980s. The exchange, which also requested the computerisation of the clearing house, subsequently formed the JV.
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Sundaram BNP Paribas MF may offer fixed income schemes
Mumbai: Sundaram BNP Paribas the joint venture between Sundaram Mutual and French Asset Management company BNP Paribas plans to foray into fixed income and structured products segment.

BNP Paribas has acquired 49.9 per cent stake in the Indian Mutual Fund. BNP Paribas is looking at launching funds for Indian clients and funds for international clients who want to invest in India.

Sundaram BNP Paribas Mutual will also foray into pension funds once the regulations are clear.
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