Siemens Ltd, a unit of Siemens AG, said on Thursday its group firm has received approval from Reserve Bank of India to operate non-banking finance business in the country.
Also see: Siemens India Q2 net profit up at Rs 278 cr"Siemens Financial Services Private Limited will focus on developing an asset financing business by offering products such as loans, leasing and other finance products," it said in an emailed statement.
The firm will provide finacial assistance to its customers in the industry, energy and healthcare sectors in the country, as well as for pursuing opportunities in other third party markets, it added.
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