Search For "foreign banks"
DFS Secretary chairs Inter-Departmental Committee meeting to consider fore
Updated : 2 months, 1 week ago IST
It was attended by member ministries or departments, i.e., the Ministry of Home Affairs (MHA), the Ministry of External Affairs (MEA), the Department of Commerce (DoC) and the Reserve Bank of India (RBI), according to an official release by the Ministry of Finance.
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Foreign firms are gradually being allowed to acquire Indian banks: Jairam
Updated : 4 months, 3 weeks ago IST
"Foreign firms are gradually being allowed to acquire Indian banks. These imprudent moves pose substantial risks. First, Laxmi Vilas Bank was acquired by Singapore's DBS Group. Second, Catholic Syrian Bank was acquired by Canada's Fairfax. Third, Japan's Sumitomo Mitsui Banking Corporatio
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Zaggle Partners with Standard Chartered Bank to Redefine Corporate Spend M
Updated : 5 months, 1 week ago IST
Mumbai (Maharashtra) [India], September 3: Zaggle Prepaid Ocean Services Limited (Zaggle), India's leading spend management company announced a partnership with Standard Chartered Bank. Under the partnership, Zaggle will introduce its innovative prepaid card solutions designed to help Standa
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With clean balance-sheet Indian Banking sector has enough opportunity for
Updated : 1 year, 10 months ago IST
India's banking sector is ready and fit to support the growth of India in the coming years highlights KV Kamath, Chairman, National Bank for Financing Infrastructure & Development in an exclusive conversation with ANI.
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Mohammed bin Rashid issues Law on taxation of foreign banks in Dubai
Updated : 2 years ago IST
In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, issued Law No. (1) of 2024 on taxation of foreign banks operating in Dubai.
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FICCI-IBA bankers' survey indicates robust demand and encouraging turnarou
Updated : 2 years, 5 months ago IST
According to a press release, With participation from 24 banks, including public sector, private sector, and foreign banks, this survey offers valuable insights into the financial health of the Indian economy.
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Israeli Finance Minister Smotrich wants to let foreign banks compete in co
Updated : 2 years, 8 months ago IST
Israel's Finance Minister wants to increase competition in the country's banking sector by bringing opening the market to foreign banks.
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Pakistan: IMF restraints hopes of early deal, foreign banks reluctant due
Updated : 2 years, 11 months ago IST
In a statement, Nathan Porter, IMF Mission Chief to Pakistan, said that the IMF "looks forward to obtaining the necessary financing assurances as soon as possible to pave the way for the successful completion of the 9th Extended Fund Facility (EFF) review".
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Chinese officials press foreign banks to share executive pay details
Updated : 3 years, 9 months ago IST
Beijing [China], June 17 (ANI): Chinese officials are asking the foreign investment banks to share the pay details of senior executives.
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China enforces Xi's 'common prosperity' agenda, asks foreign banks to trim
Updated : 3 years, 9 months ago IST
Hong Kong, June 16 (ANI): Ahead of the 20th National Congress of CPC to be held in 2022 where President Xi Jinping is all set to secure his third term in power, Chinese authorities are enforcing Xi's "common prosperity" agenda by warning foreign banks to trim wages.
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Inter-Creditor Agreement a historic step: Piyush Goyal
Updated : 7 years, 7 months ago IST
New Delhi [India], Jul 23 (ANI): Union Finance Minister Piyush Goyal on Monday said that the signing of the Inter-Creditor Agreement (ICA) by the public and private sector banks as well as foreign banks for the effective resolution of assets is a `huge step` for the entire banking federation
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Tough RBI tightens PSL norms for foreign banks
Updated : 8 years ago IST
New Delhi [India], Mar 5. (ANI): The Reserve Bank of India (RBI) on Monday tightened Priority Sector Lending (PSL) norms for foreign banks by directing them to mandatorily create sub-targets so that they lend a portion of their loans to small and marginal farmers, micro enterprises (MSMEs) f
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