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foreign banks News

Priority lending: Foreign banks with 20 branches under ambit

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

As many as 1,231 projects measuring 37,000 km have been firmed up for award by the ministry this fiscal.


HC judge recuses from hearing Hasan Ali’s bail plea

A judge of the Bombay High Court on Monday recused from hearing the bail plea of Hasan Ali Khan,a Pune-based businessman who is facing charges of money laundering and stashing huge amount of black money in foreign banks

Doha Bank to open branch in Mumbai, proposes $5 billion exposure

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

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

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

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

Currently,all foreign banks in India are operating through the branch model.

Foreign banks get RBI nod to up presence in economy

Subsidiaries will have to earmark 40% lending to ‘priority sector’.

Discuss foreign banks reforms first,says BJP

The BJP spokesperson,outlined the experience of foreign banks to caution against importing financial crisis.