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A clarification
With reference to the story "Banks Play the Spoilsport..." that appeared on May 3 in The Financial Express, ABN Amro Bank has clarified that sale and purchase of securities is done primarily by ABN Amro Asia Equities (India) Ltd and not by ABN Amro Bank. ABN Amro Asia Equities has nothing to do with retail banking transactions or with the pledged shares.ABN Amro Bank has a small portfolio of shares and over the last one month the total sale of securities from individual client's portfolio is estimated to be less than Rs 50 lakh. Copyright © 2000 Indian Express Newspapers (Bombay) Ltd.
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