City of London, as we have noted earlier in this blog, is a small part of London known as its Central Financial District where the Financial Service Institutions are located. Last year Minister Firhad Hakim and I met senior directors of the City of London and discussed about the Internatinal Financial Hub that is being developed in New Town Kolkata.
Recently, Mr Rishikesh Chanda of the British Deputy High Commission informed me that the City of London has carried relevant details of the Financial Hub in Kolkata in their newsletter. A snapshot:
Meanwhile, we have obtained a list of 26* institutions who have applied for new banking licence and I am writing to them to consider the Financial Hub of Kolkata.
(*some of these are: Reliance Capital, Srei Infrastructure Finance, Magma Fincorp, JM Financial, Sriram Capital, IDFC, Indiabulls, India Infoline, Religare, Edelweiss etc: Source Business Standard)