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MStanley gets India cbank nod for banking licence
MUMBAI, May 30 (Reuters) - Morgan Stanley has
received an i n-principle approval f rom the Indian central bank
for a banking licence, a spokesman for the U.S. bank said on
Wednesday, confirming a report in the Economic Times.
The licence would enable Morgan Stanley to expand its
offerings to wealth management, corporate banking and foreign
exchange from its current services such as advising clients
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