Foreign Banks
India remains a strategically important country for foreign banks: CEOs
India's growth requires foreign capital, which can come via FDI and supply chain diversification
FDIC sues 17 former Silicon Valley Bank executives, directors over collapse
FDIC faulted the bank's overreliance on unhedged, interest rate-sensitive long-term government bonds such as US Treasuries and mortgage-backed securities as rates looked to rise
Russian bank VTB says on track for record profit of $5.5 billion in 2024
Bank said it was still on track to hit profit target of 550 billion roubles in 2024 despite a significant depreciation in the value of many of its assets in November as a result of monetary tightening
Hoping to match 165 years of progress in 5-6 years: CEO of HSBC India
Hitendra Dave spoke about the London-based bank's plans for India and how it aims to capitalize on the opportunities the country has to offer
BS BFSI 2024: Foreign banks focus on strengths to level up India play
India heads see new opportunities as Indian economy gains ground
'India a strategic priority for global banks': Foreign bank heads at BFSI
Heads of India's leading foreign banks discuss the key to success on Indian turf in conversation with consulting editor Tamal Bandyopadhyay at the Business Standard BFSI Insight Summit
Foreign banks in regulatory standoff seek RBI relief on trading rules
In October 2022, Esma de-recognised the Clearing Corporation of India, creating significant obstacles for European banks conducting large-scale transactions
Foreign banks lead as largest investors in debt, says RBI report
It says their investments surpass net inflows into JP Morgan index-eligible bonds
DICGC exceeds global average with month-long depositor payout: Patra
In India, deposit insurance is mandatory for all banks, including foreign banks. As of now, 1,997 banks are covered, which includes 140 commercial banks and 1,857 co-operative banks
Foreign banks lap up government bonds ahead of India's index inclusion
Foreign investors pumped in Rs 14,281 crore in domestic debt market in January
Many Indian HNIs being asked by foreign banks to shut accounts: Report
Two British banks, one Swiss bank and a leading Emirates lender have closed the accounts of these Indians in the last two months
CBI files fresh case against former PEC chief in Rs 194 cr cheating case
The CBI has filed a fresh case against former chairman and managing director of PEC Arun Kumar Mirchandani and other former officials for allegedly causing a loss of Rs 194.61 crore to the public sector company, officials said on Monday. The CBI has filed multiple cases against Mirchandani and former officials of the PEC, a government enterprise under the Ministry of Commerce that facilitates import and export of commodities and grants financial assistance to importers. In the present case, it has been alleged that Morena-based KS Oils availed financial assistance from PEC Ltd for the import of crude edible oil under the foreign letter of credit (FLC) process entering into associateship agreements. KS Oils had secured the financing aid through seven letters of credit established in 2012-13, for which it submitted post-dated cheques (PDCs) as security. Letters of credit (LC) are a guarantee that a bank gives on behalf of its customer to honour the payment commitment. PEC took the ..
Goldman Sachs plans expansion in India, opens new GCC hub in Hyderabad
The centre in Hyderabad includes both new recruits and transfers from Bengaluru
ED issues notices to Xiaomi, 2 senior executives for FEMA violations
The federal probe agency had seized Rs 5,551.27 crore worth of funds of Xiaomi Technology India Private Limited lying in its bank accounts under the FEMA for unauthorised remittance
Is the foreign banking landscape changing in India?
The Indian market offers limitless possibilities. International banks are aware of this but not many seem willing to explore it
Foreign banks: Was Rajan's mention of reciprocity the deal breaker?
The marked shift in the foreign-bank narrative in the post-reform period must also be seen in another context - the renewed talk of privatisation of a clutch of state-run banks
Foreign banks rush to find plan B as ESMA-BoE ban on CCIL looms
Foreign lenders, RBI in talks to find satisfactory alternative mechanisms
ESMA to derecognise CCIL: Banks, RBI discuss alternative clearing methods
Fresh clearing options came up in discussions with RBI, banks in touch with offshore regulators
Savings deposit growth in Q2 slumps to 9.4% YoY while FDs gain traction
Growth of money kept in current accounts moderated to 8.8% this September, from 17.5% a year ago
RBI-ESMA logjam: Banks turn to EU, UK regulators over trade impact concerns
Banks expressed concerns about trade impact, disruptions seen in OIS, bond markets
