BNP Paribas Group established its presence in 1860 in India when it set up the first branch for its banking operations. Today BNP Paribas Group has a wide footprint in the country through its joint ventures in asset management (Sundaram BNP Paribas) and life insurance (SBI with Cardiff, a BNP Paribas subsidiary) businesses. This is in addition to being the second oldest foreign bank in India with nationwide presence across eight cities.