Société Générale has its presence in India since 1978, offering a range of financial products to the Indian market.
The bank’s businesses in India are: International Retail Banking, Société Générale Corporate and Investment Banking (Including SG Asia Holdings), Asset Management joint venture with State Bank of India (SBI), Private Banking, ALD Automotive, Family Credit, Life Insurance joint venture with Indiabulls, Securities Services joint venture with SBI, Société Générale Global Solution Centre and joint venture with Calyon named Newedge. The staff strength in India has exceeded 2,000.
SBI Custodial Services, the joint venture between Société Générale Securities Services (SGSS) and SBI
• This entity is launching Custody and Fund Administration services in India.
Life Insurance joint venture between Sogecap (The Group Life Insurance Subsidiary) and Indiabulls
• This entity is at the start-up stage and is going through regulatory approval process (has applied for license).
• It will be a part of the Insurance Business Line (Specialized Financial Services) in Société Générale.
• It will provide a broad range of life insurance products:
- Unit Linked Life Insurance Plans (ULIP).
- Traditional endowment.
- Pension.
- Term Life.
- Credit Life.
- Indiabulls Financial Services Limited.
- Tied insurance agents appointed by the company.
- Other corporate agents and brokers.