The whole issue of rupee stability in the backdrop of chances that US Fed may raise the interest rates, would influence the monetary policy and the industry must be prepared for the unfolding events
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Herve Falciani, an ex-employee of HSBC's Geneva private bank who leaked information on clients and their tax situation, has been sentenced to five years in prison for aggravated industrial espionage, the bank said on Friday
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HSBC Holdings Plc will shut its private banking business in India, a spokesman said, marking the exit of another foreign bank from the cut-throat business in Asia’s third-largest economy
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With the latest notification, the Reserve Bank of India has done away with the earlier requirement whereby Civil Aviation Ministry's nod was compulsory for advance remittances
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The National Payments Corporation of India (NPCI) will allow RuPay cardholders to claim personal accident insurance by using the card within 90 days of the accident
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Indian banks are stable but there will be challenges ahead for state-owned banks given weak core capitalisation and slow earnings recovery, Fitch said on Thursday (26 November)
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The ability to issue Masala Bonds is a positive and refreshing departure from the conventional and confining ECB framework
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Concerned over "unacceptable" NPA levels, Finance Minister Arun Jaitley on Monday discussed with PSU bank chiefs the issue of wilful defaulters and said that the lenders have all the powers and autonomy to deal with them
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