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Calyon Bank to augment product offerings

CHENNAI: Calyon Bank, the corporate and investment banking arm of the France-based Credit Agricole Group which has been present in India since 1981 and has a branch here, has completed ten years of operations in Chennai. Francois Rameau, Chief Executive and Senior Country Officer (India), told newspersons here on Friday that the bank, with branches in New Delhi, Mumbai, Bangalore, Ahmedabad and Pune apart from Chennai, saw India as a “focus growth market.”

The bank’s “developmental objectives” included enhanced client coverage, improved geographical reach and growth in balance sheet size, Mr. Rameau said. Calyon Bank, which provided services to around 150 top Indian companies, also aimed at augmenting product offerings by leveraging its international network, he said.

Mr. Rameau said the Chennai branch, which was located on R. K. Salai and employed six people, provided services to corporate clients in Tamil Nadu and Andhra Pradesh.

Quoting data published by the Loan Pricing Corporation, he said Calyon Bank was the largest provider of external commercial borrowings in India.

CLSA, a subsidiary of Calyon, was one of the prominent brokerage and equity houses in the country, he added.

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