Standard Chartered emerges as the sole sub-custodian for RBC's Indian assets

Canada''s largest global custodian consolidates its sub-custody arrangements in India by ditching Deutsche Bank.

In a sign that the tedious job of settling and reconciling trades in India is getting easier, the custody arm of the RBC Financial Group has chosen Standard Chartered as the sole sub-custodian for its Indian assets. The renewed contract sees the departure of Deutsche Bank which was also acting on behalf of the Canadian group in the country.

A subsidiary of the RBC Financial Group Royal Bank of Canada, RBC Global Services was formerly known as Royal...

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