![]() 1994: J.P. Morgan obtained branch license and opened a branch in Mumbai to conduct full commercial banking operation.In the following year, J.P. Morgan forms a second joint venture with ICICI to offer investment management services in India. 1993: J.P. Morgan enters into a joint venture with the Industrial Credit and Investment Corporation of India (ICICI) and raises funds in the domestic market for public and private sector clients.1980s: The firm’s business in India broadens to include investment banking, cross-border capital market activities and financial advisory services. ![]() Initially located at the Taj Mahal Palace hotel, the office moves to the New India Assurance Building within a year. 1945: Chase National Bank opens its first representative office in Mumbai.in New York and Morgan Grenfell, its affiliated partnership in London, take an ownership interest in the merchant banking firm of Andrew Yule & Co. ![]() The representatives operate in India until 1929. The representatives spend an extended period of time in India and by 1921 a representative office is established.
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