Although the bank will only serve 10 more months of the ban as it was temporarily suspended in April 2001, it is thought to be disappointed with the Indian Securities and Exchange Board ruling and may decide to quit the country.
CSFB was the market leader in India's equity brokerage and trading markets with a 17% share of institutional business. The bank has maintained a full staff of around 30 traders and analysts in the last 14 months, but that may now change.
CSFB Considers Position After Ban
Swiss investment bank CSFB is thought to be considering its position in India after its Indian securities arm was banned for two years as a result of its involvement in a share-price fixing scandal.
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