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You Searched For "Subsidiary banks" and got 16 results


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1 min read

Bank of Baroda closes subsidiary in Ghana

"We further advise in the matter that Bank of Baroda (Ghana) Ltd has surrendered its banking licens…

PTI   


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Axis Bank to wind down UK subsidiary

"In line with the said objective, the bank has taken a decision to fully wind down and close the o…

PTI   


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3 mins read

Simply Put: Why are foreign banks quitting India?

Meanwhile, companies left behind are trying to put on a brave face by pulling out of retail bu…

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1 min read

Federal Bank's subsidiary FedFina initiates process for an IPO

The board approval is subject to market conditions and receipt of applicable approvals, includin…

PTI   


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SBI’s bad loans didn’t affect it much. Here’s the proof

The bank on Friday reported standalone net profit, not including contributions from subsidiar…

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Shares in Russia's biggest lender Sberbank crater after it quits Europe, blaming huge outflows of cash

The move came after the Austrian financial regulator said it had told Sberbank Europe to stop opera…

Adam Morgan McCarthy   


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Bad loans are ripping apart margins of Bank of India. Here’s how

He said however that it would be difficult to give a timeline and share numbers. "We a…

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3 mins read

LEAVING LONDON: Confidential Deutsche Bank Brexit briefing shows where it thinks other banks will go

With the UK out of the EU, European banks will have to set up subsidiaries, forcing them to pump ex…

Ben Moshinsky   


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M&M’s planned price hikes eclipse debt default by Ssangyong

The price hike will be effective from January 1, and across a range of its passenger and commerc…

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1 min read

ICICI Bank sells 1.5 pc stake in life insurance arm for Rs 840 cr

"In line with this intent and pursuant to approval granted by the Board, the Bank has today diveste…

PTI   


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ICICI Bank To Open Branches In China And South Africa

The bank already has branches in many countries like the US, Singapore, Hong Kong, Bahrain, Sri Lan…

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Kotak Mahindra Bank, subsidiary sell 20 pc stake in ECA Trading Services

In a regulatory filing Kotak Mahindra Bank said it has divested 8.50 per cent equity stake in ECA …

PTI   


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2 mins read

Some of India’s top Pvt Banks could soon lose their ‘Indian’ status

The move will come in connection to the government’s aim of fetching more and more foreign direct i…

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Europe is shaking up its banking industry and post-Brexit Britain could get frozen out

The amount of debt banks have to issue to investors will be calculated at the level of the subsidia…

Ben Moshinsky   


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Anil Ambani's Reliance Power arm slips into bankruptcy

Reliance Power on Tuesday said one of its lenders Axis Bank has initiated insolvency process ag…

PTI   


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GIC Re gets license from Bank of Russia for reinsurance biz

"We wish to inform you that that the Corporation has obtained license from the Central Bank of the…

PTI