Foreign Banks
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US Escalates Iran Pressure, Targets Russia’s VTB Over Sanctions Evasion
The US has imposed fresh sanctions on Russia’s VTB Bank, accusing it of helping Iran evade sanctions by dealing with sanctioned Iranian banks. Washington also warned foreign financial institutions to sever ties with VTB.
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Foreign Banks Bought Nearly $1 Billion Of Indian Bonds On Thursday: Report
Foreign banks bought Indian government bonds worth 80.38 billion rupees ($962.2 million) on Thursday, the biggest single-session purchase since Feb. 1, data from Clearing Corp of India showed.
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Explained: Why RBI Keeps Gold Reserves In Foreign Vaults
The Reserve Bank of India transferred 100 metric tonnes of gold from the United Kingdom to domestic vaults in FY24, making it one of the largest gold movements since 1991, according to reports.
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RBI Slaps Fine On 5 Foreign Banks For Forex Rule Violation
The Reserve Bank imposed penalty on five foreign banks, including Deutsche Bank and Standard Chartered Bank, for violation of its instructions on reporting requirements of the FEMA.
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15 Foreign Banks Keen To Open Branch In India: Report
As per RBI Data, already 46 foreign banks are operating in India including two banks operating in wholly-owned subsidiary (WOS) mode.
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China to Give Foreign Banks Easier Market Access
As one of the moves to make the market access conditions for Chinese and foreign banks "more uniform," the CBRC also decided to abolish the "minimum operating capital" for setting up a branch bank.
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Make Requests That Are 'Justified': Swiss Banks to India
As India steps up pressure on Swiss authorities in its pursuit of alleged black money, banks in Switzerland say they follow strict rules and the requests from Indian authorities must be "properly justified".
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Supreme Court Defers Plea Seeking Steps To Recover Black Money Stashed Abroad
The Supreme Court today deferred the hearing of a petition filed in 2009 by senior advocate the late Ram Jethmalani and others seeking steps to recover black money stashed in foreign banks.
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15 Foreign Banks Keen To Open Branch In India: Report
As per RBI Data, already 46 foreign banks are operating in India including two banks operating in wholly-owned subsidiary (WOS) mode.
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Why The HDFC Bank-Altico Tussle Has The Industry Watching
The Altico Capital episode, which sparked a war of words between Rajnish Kumar and Aditya Puri, has reached the RBI’s doorstep.
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Top Banker at U.K. Unit of Foreign Bank Arrested, But Who?
The case has been referred to prosecution services after a 7 month probe found possible bribery , says U.K. vigilance official
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RBI Slaps Fine On 5 Foreign Banks For Forex Rule Violation
The Reserve Bank imposed penalty on five foreign banks, including Deutsche Bank and Standard Chartered Bank, for violation of its instructions on reporting requirements of the FEMA.
-
Foreign Banks Top Rate-Cut Charts; Public Sector Lenders Lag
The Reserve Bank has lowered its policy rate by 1.25 per cent so far in 2015, while Rajan has been consistently chiding banks on their slow transmission of rate cuts to borrowers.
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Foreign Banks Buy Up Bulk of Indian State Government Debt
Given that appetite and a need to expand its investor base, the government let foreigners buy state bonds and also relaxed the investment ceiling in government bonds by around Rs 5,600 crore in September: the first step in a gradual opening.
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Reporting Norms for Foreign Banks' Representative Offices Modified
The Reserve Bank of India (RBI) on Wednesday modified reporting norms for representative offices (ROs) of foreign banks in the country and asked them provide details of top clients introduced to the parent bank, among others.
-
US Escalates Iran Pressure, Targets Russia’s VTB Over Sanctions Evasion
The US has imposed fresh sanctions on Russia’s VTB Bank, accusing it of helping Iran evade sanctions by dealing with sanctioned Iranian banks. Washington also warned foreign financial institutions to sever ties with VTB.
-
Foreign Banks Bought Nearly $1 Billion Of Indian Bonds On Thursday: Report
Foreign banks bought Indian government bonds worth 80.38 billion rupees ($962.2 million) on Thursday, the biggest single-session purchase since Feb. 1, data from Clearing Corp of India showed.
-
Explained: Why RBI Keeps Gold Reserves In Foreign Vaults
The Reserve Bank of India transferred 100 metric tonnes of gold from the United Kingdom to domestic vaults in FY24, making it one of the largest gold movements since 1991, according to reports.
-
RBI Slaps Fine On 5 Foreign Banks For Forex Rule Violation
The Reserve Bank imposed penalty on five foreign banks, including Deutsche Bank and Standard Chartered Bank, for violation of its instructions on reporting requirements of the FEMA.
-
15 Foreign Banks Keen To Open Branch In India: Report
As per RBI Data, already 46 foreign banks are operating in India including two banks operating in wholly-owned subsidiary (WOS) mode.
-
China to Give Foreign Banks Easier Market Access
As one of the moves to make the market access conditions for Chinese and foreign banks "more uniform," the CBRC also decided to abolish the "minimum operating capital" for setting up a branch bank.
-
Make Requests That Are 'Justified': Swiss Banks to India
As India steps up pressure on Swiss authorities in its pursuit of alleged black money, banks in Switzerland say they follow strict rules and the requests from Indian authorities must be "properly justified".
-
Supreme Court Defers Plea Seeking Steps To Recover Black Money Stashed Abroad
The Supreme Court today deferred the hearing of a petition filed in 2009 by senior advocate the late Ram Jethmalani and others seeking steps to recover black money stashed in foreign banks.
-
15 Foreign Banks Keen To Open Branch In India: Report
As per RBI Data, already 46 foreign banks are operating in India including two banks operating in wholly-owned subsidiary (WOS) mode.
-
Why The HDFC Bank-Altico Tussle Has The Industry Watching
The Altico Capital episode, which sparked a war of words between Rajnish Kumar and Aditya Puri, has reached the RBI’s doorstep.
-
Top Banker at U.K. Unit of Foreign Bank Arrested, But Who?
The case has been referred to prosecution services after a 7 month probe found possible bribery , says U.K. vigilance official
-
RBI Slaps Fine On 5 Foreign Banks For Forex Rule Violation
The Reserve Bank imposed penalty on five foreign banks, including Deutsche Bank and Standard Chartered Bank, for violation of its instructions on reporting requirements of the FEMA.
-
Foreign Banks Top Rate-Cut Charts; Public Sector Lenders Lag
The Reserve Bank has lowered its policy rate by 1.25 per cent so far in 2015, while Rajan has been consistently chiding banks on their slow transmission of rate cuts to borrowers.
-
Foreign Banks Buy Up Bulk of Indian State Government Debt
Given that appetite and a need to expand its investor base, the government let foreigners buy state bonds and also relaxed the investment ceiling in government bonds by around Rs 5,600 crore in September: the first step in a gradual opening.
-
Reporting Norms for Foreign Banks' Representative Offices Modified
The Reserve Bank of India (RBI) on Wednesday modified reporting norms for representative offices (ROs) of foreign banks in the country and asked them provide details of top clients introduced to the parent bank, among others.
