Amas Bank

Amas Bank Buys 40% Stake In Chennai Broking Firm

Hinduja Group owned, Amas Bank announced that it has purchased 40% stake in Chennai-based broking firm, Patco Investments and Consultancy Services (PATERSON) for an undisclosed sum.  
According to sources, the acquisition is a part of the bank's strategy to diversify its footprints in the Indian capital markets and would facilitate the lender to build access to onshore wealth management and corporate advisory services.