The Reserve Bank of India (RBI) has permitted UBS-acquired Credit Suisse to keep the banking license in its name in India, according to an ET Now report on Wednesday.
Credit Suisse is a leading wealth manager with strong global investment banking and asset management capabilities.
Following the acquisition of Credit Suisse Group AG by UBS Group AG, Credit Suisse AG is a wholly owned subsidiary of UBS Group AG since June 12, 2023, according to its official website.
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