jp-morgan-targets-india-for-cash-management

J.P. Morgan targets India for cash management

The bank pushes cash management and trade finance services in India, despite concerns about the country's resilience to a global economic slowdown.
J.P. Morgan says it plans to capitalise on a growing need for electronic services in India, a country that has historically been paper intensive.

The move forms part of a global $1 billion-plus investment plan by the bank to strengthen its cash management and treasury liquidity capabilities, invest in technology solutions and expand its global footprint.

J.P. Morgan's investments in India are being boosted despite a growing concern that the global financial crisis will significantly reduce the country's economic growth. The Reserve Bank of India earlier this month took emergency action to cut the cost of borrowing and pump liquidity into the local banking system.

The Indian market is going through significant change, but the...
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