The joint-venture already has over $8bn in funds under administration.
It started providing custody services in May 2010 and now has around $7bn dollars in assets under custody from domestic clients and foreign institutional investors.
SBI-SG Global Securities Services also offers risk analysis and performance measurement.
The joint venture offers services in the Indian securities market to domestic investors, including banks, mutual funds, insurance companies, pension funds, portfolio management service providers, corporates and brokers as well as to foreign investors in India.
SBI’s offices around the world will bring prospective clients to the joint-venture, whilst SGSS will channel overseas investor business and offer global custody services to eligible Indian domestic clients, said SGSS.
