Page 2 - Foreign Banks

1-year median MCLR rise moderates in August, up 40 bps since June

Foreign banks have raised it the most, median rate up 90 bps; just 20-bp rise for private banks

FRAs back in vogue, help insurers in fixed rate of interest for payouts

Forward Rate Agreements enables insurers lock in a fixed rate of interest rate for a future pay out

Games foreign banks want to play on Indian turf

They are not willing to explore the mass market, fighting it out with local banks. The new target is the cream of retail business, which has been growing at a speed never seen before

What are Nostro and Vostro accounts?

The first stock market came up in Amsterdam in the 17th century. And the modern banking system evolved in Italy. The terms, Nostro and Vostro, came from that region. But what do they mean?

Shifting Citi

India has been a difficult market for foreign banks

Citi joins foreign banks scaling down India ops under global strategy

Likewise, Merril Lynch, Barclays and Standard Chartered scaled down their operations in 2015

Citigroup bolsters India investment banking team on unprecedented deal boom

Companies have raised about $10.2 bn through IPOs in India this year, putting 2021 on track to beat its all-time record of $11.8 bn

RBI fixes private bank MD, CEO tenures at 15 years; compliance by Oct 1

The rules apply to private banks, small finance banks, and wholly owned subsidiaries of foreign banks.

Why Citigroup and other foreign banks missed the India growth story

Regulatory framework also stifled Citi's growth in India despite its conscious efforts to make inroads in the country

India footprint of foreign lenders: How do income & expenditure stack up

While interest earnings are the mainstay, the banks are also active in derivatives and treasury operations

Citibank likely to hive off consumer banking business in India

Reorganising global consumer operations on the table of new CEO

HSBC's India pretax profit in 2020 inches up to $1.02 billion

India is the third most profitable region for the lender after Hong Kong and mainland China

Top banks asked to justify why they still clear euro swaps in London

Banks are being asked to say which types of the derivatives they clear in Britain they would consider "the easiest to clear" at an EU clearer instead, a sign of a potentially targeted approach

Taiwan's central bank punishes foreign banks in speculation case: Reports

The Taiwan dollar is at a more than 23-year-high against the greenback as the island's trade-dependent economy booms on the back of global demand for its tech products

Morgan Stanley CEO's annual pay rises by over 20% after bank's success

Under James Gorman, Morgan Stanley produced net income of $11 billion, compared with $9 billion a year ago.

Shopping for money: Private banks had highest WALR in Jan-Sep 2020

Private banks have possibly been lending mainly to lower-rated companies

RBI temporarily postpones circular on current account till December 5

As part of its monetary policy on August 6, it said no bank can open current account for a customer who has availed cash credit or overdraft from other banks

Foreign banks set to dial diplomatic missions over RBI directive

Curbs on multiple current accounts seen as unfair trade practice

PE investors, foreign banks taking majority stakes may rescue old pvt banks

Several of these banks were placed under the Prompt Corrective Action (PCA) framework of additional regulator scrutiny but this does not seem to have stemmed the rot

Adani Green to tie up with 10 foreign banks for $1.8 billion funding

Funds to be raised as revolving construction finance for upcoming 12 Gw renewable projects