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Standard Chartered picks up 3% stake in USE

Standard Chartered picks up 3% stake in USE
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First Published: Mon, Mar 21 2011. 02 09 PM IST
Updated: Mon, Mar 21 2011. 02 09 PM IST
Standard Chartered Bank (Mauritius) Limited has picked a 3% stakes in currency derivative exchange, United Stock Exchange (USE) becoming the first foreign bank shareholder in the exchange. Besides, Standard Chartered there are 21 public sector banks, and six private sector banks among the shareholders. The Bombay Stock Exchange (BSE) holds a 15% stake in the exchange. Allahabad Bank, Andhra Bank, Bank of Baroda, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, Corporation Bank, Dena Bank, IDBI Bank, Indian Bank, Indian Overseas Bank, Oriental Bank of Commerce, Punjab and Sind Bank, Punjab National Bank, State Bank of India, Syndicate Bank, UCO Bank, Union Bank of India, Vijaya Bank are among the public sector shareholders while Axis Bank, Federal Bank, HDFC Bank, J&K Bank, Yes Bank are private sector banks holding stakes in the exchange.
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First Published: Mon, Mar 21 2011. 02 09 PM IST