State Bank of India and Geojit BNP Paribas team up for NRI investments

State Bank of India (SBI) and Geojit BNP Paribas Financial Services Ltd inked an agreement to extend Portfolio Investment Services (PIS) to Non-Resident of India (NRI) customers, mainly from the Gulf region.

Using the SBI PIS account, NRI’s investors can purchase and sell shares/convertible debentures through stock exchanges which is subject to limits prescribed by the Reserve Bank of India.

Leave a Reply

Your email address will not be published. Required fields are marked *