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To: Mohan Marette who wrote (270)2/28/2000 11:03:00 PM
From: Mohan Marette  Read Replies (1) | Respond to of 494
 
Banque Nationale De Paris to Invest Heavily in India

Tuesday, February 29 9:37 AM SGT

CHENNAI, Feb 29 Asia Pulse - Banque Nationale de Paris (BNP) is planning to invest up to 2 billion rupees ($US45.9 million) in India in the next two years as part of major plans to start retail banking and improve communications networks.

Future plans also included starting back-office operations, primary dealership and ATMs, Deputy Chief Executive, BNP, India, Philippe Aroyo said.

Aroyo said BNP considered India the number one country for expanding its banking operations.

(PTI)