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foreign banks
FOREIGN BANKS NEWS
Ethiopia passes law to open banking to foreign competition
December 17, 2024 5:59 pm
The governor of Ethiopia's central bank, Mamo Mihretu, said competition would instead strengthen local lenders.
Covid hits foreign ops: Branches, staff, income of Indian banks fall
February 05, 2022 2:25 pm
According to the RBI, the number of foreign branches of Indian banks declined from 137 in 2019-20 to 121 in 2020-21 and foreign subsidiaries fell from 381 to 377. The decline coincided with the Covid-19 pandemic which hit most parts of the world in 2020.
Priority lending: Foreign banks with 20 branches under ambit
March 02, 2018 1:29 am
The proposal to mandate foreign banks to lend to small farmers and micro-enterprises was first mooted in April 2015 as part of the recommendations of an internal working group set up by the RBI to revisit existing priority sector lending norms.
Govt-to-govt funding: With focus on greater access to resources, RoadMin examines plan
June 02, 2015 1:18 pm
As many as 1,231 projects measuring 37,000 km have been firmed up for award by the ministry this fiscal.
Doha Bank to open branch in Mumbai, proposes $5 billion exposure
April 04, 2014 1:14 am
Seetharaman said they moved the application way back in 2005 and only after Qatar allowed the SBI to open its branch last year did India give the nod.
US Federal Reserve closes a loophole for overseas banks
February 20, 2014 3:07 am
The US Fed has approved a final rule that will force the American operations of foreign bank to follow the same rules as US banks.
Indian rupee leads Asia FX gains,rupiah turns up with intervention
December 05, 2013 3:22 pm
Indian rupee hit a five-week high on Thursday as exit polls predicted a strong showing for BJP.
No tax on converting foreign banks into WoS
November 27, 2013 1:57 am
RBI said it was receiving queries from foreign banks regarding capital gains tax and incidence of stamp duty.
RBI outlines rules for foreign banks' India operations
November 07, 2013 3:15 am
Currently,all foreign banks in India are operating through the branch model.
Foreign banks get RBI nod to up presence in economy
November 07, 2013 2:37 am
Subsidiaries will have to earmark 40% lending to priority sector.
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