GIVING THE BEST ADVICE
Business Today|March 22, 2020
For JP Morgan, if 2019 was about launching and expanding its mid-market commercial banking, the focus this year will be on growing its securitisation business
APRAJITA SHARMA
GIVING THE BEST ADVICE

With continuous tech innovation and focus on business expansion, JP Morgan has widened its client-base across multinational companies, large Indian corporates and financial institutions in India. It has now set its eyes on emerging businesses, for which the company started its mid-sized local corporate business, says Kalpana Morparia, JP Morgan’s Chairman for South and Southeast Asia.

With 28.75 per cent growth in operating profits in FY19 and 53.17 per cent jump in deposits, and superior show on some other parameters, JP Morgan was adjudged the best foreign bank in BT-KPMG Best Bank Study even as other foreign banks such as Citibank, Standard Chartered Bank, HSBC, and Deutsche Bank had larger balance sheets.

Picking Up Speed

In July 2019, JP Morgan announced that it would expand its commercial banking operations by growing its mid-market business. It expressed interest in providing India-headquartered midcap companies access to leading global financial capabilities, a strong network and deep market expertise. “The mid-cap sector in India is very vibrant and as these companies go beyond their domestic market to do business, their needs will evolve. Our deep local knowledge, global insights and best-inclass solutions make us uniquely positioned to extend services to mid-cap companies,” says Morparia.

We decided to go ahead in early 2019, she says, adding that the bank immediately assembled a Corporate Client Banking and Specialized Industries (CCBSI) team within commercial banking, mainly comprised of local experts. The bank has signed up several clients in the midcap space.

Diese Geschichte stammt aus der March 22, 2020-Ausgabe von Business Today.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der March 22, 2020-Ausgabe von Business Today.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS BUSINESS TODAYAlle anzeigen
"Focus on the challenge of each customer"
Business Today India

"Focus on the challenge of each customer"

SHASHANK KUMAR MD & CO-FOUNDER I RAZORPAY Razorpay is India's first full-stack financial solutions company

time-read
1 min  |
December 08, 2024
PEDAL ON THE FUTURE
Business Today India

PEDAL ON THE FUTURE

THE MG WINDSOR EV, WITH ITS FUTURISTIC AND MINIMALIST DESIGN, COMBINES THE BEST OF BOTH WORLDS-COMFORT AND TECHNOLOGY

time-read
1 min  |
December 08, 2024
BREATHE EASY
Business Today India

BREATHE EASY

Whether you're battling allergies, looking to remove pollutants, or simply want to breathe easier, the right air purifier can make a difference

time-read
2 Minuten  |
December 08, 2024
The Taste of India in a Glass
Business Today India

The Taste of India in a Glass

FROM ROYAL LIQUEURS TO DISTILLED MAHUA, INDIAN HERITAGE ALCOHOLIC BEVERAGES ARE HAVING THEIR DAY IN THE SUN

time-read
4 Minuten  |
December 08, 2024
LOOK BEFORE YOU LEAP
Business Today India

LOOK BEFORE YOU LEAP

IN 2025, INVESTORS WILL NEED TO FACTOR IN VOLATILITY ACROSS ASSET CLASSES

time-read
5 Minuten  |
December 08, 2024
MISSING ADVISORS
Business Today India

MISSING ADVISORS

INDIA HAS JUST ONE INVESTMENT ADVISOR FOR NEARLY EVERY 200,000 INVESTORS. AT A TIME WHEN RETAIL PARTICIPATION IN THE STOCK MARKETS IS BOOMING, THIS ASSUMES SIGNIFICANCE

time-read
7 Minuten  |
December 08, 2024
TURNING A CORNER
Business Today India

TURNING A CORNER

SHARED ELECTRIC MOBILITY START-UP YULU'S SHIFT TO SERVICING THE QUICK COMMERCE SECTOR IS HELPING IT GROW FAST. IT IS NOW FOCUSSING ON IMPROVING ROAD SAFETY FEATURES AS IT TURNS EBITDA POSITIVE

time-read
5 Minuten  |
December 08, 2024
REALITY CHECK
Business Today India

REALITY CHECK

INDIAN STOCK MARKETS PLUNGED BEGINNING OCTOBER FOR A HOST OF REASONS, INCLUDING A FALL IN FII OWNERSHIP. HOW DEEP WILL THE CORRECTION BE?

time-read
6 Minuten  |
December 08, 2024
TRUMP'S TRADE TANGO
Business Today India

TRUMP'S TRADE TANGO

The return of Donald Trump as the 47th President of the US has put the global economy on edge. India, too, is unlikely to remain unaffected. How will policymakers meet this latest challenge?

time-read
9 Minuten  |
December 08, 2024
"The essence of the Trump administration will be transactional”
Business Today India

"The essence of the Trump administration will be transactional”

Global investor, analyst, and best-selling author Ruchir Sharma decodes why Donald Trump won the elections, what India should do, the risks, and more

time-read
10 Minuten  |
December 08, 2024