'Foreign banks local incorporation norms after sorting out issues'

Last Updated: Wednesday, June 5, 2013, 14:45

Subbarao also said the RBI will nudge the existing foreign banks to get incorporated locally.

RBI to soon relax norms for entry of foreign banks: Rao

Last Updated: Monday, December 17, 2012, 23:12

The Reserve Bank is soon expected to relax norms for entry of foreign banks into the country, a top government official said Monday.

'Private, foreign banks make greater use of loan recovery agents'

Last Updated: Friday, December 14, 2012, 15:19

Private sector and foreign banks made greater use of agents to recover outstanding loans from customers than nationalised banks, the State Bank of India and its associate banks, the Lok Sabha was informed on Friday.

IT probing foreign banks, brokers in illegal investments case

Last Updated: Sunday, September 16, 2012, 17:55

The investments and returns scheme, called the Private Placement Programmes (PPP), is devised where an exceptional amount of returns are guaranteed within an extremely short tenure and the I-T is probing suspected tax evasion to the tune of Rs 800 crore during the last two years in this alleged tax crime.

Seven foreign banks given approval to open branches in 2012

Last Updated: Wednesday, August 22, 2012, 20:11

BNP Paribas, Societe Generale and Standard Chartered are among the seven foreign banks which have been given approval to open new branches in the country in 2012 till mid-August, the government said Wednesday.

Poor loan uptick, forex losses pull StanChart's PBT down 18%

Last Updated: Wednesday, August 1, 2012, 17:46

The bank also saw its loan impairment charges or provisions jump by a huge 81 percent to USD 94 million during the reporting period.

Chakrabarty defends higher priority sector target for foreign banks

Last Updated: Saturday, July 21, 2012, 20:54

Defending the decision to put foreign lenders with a substantial presence at par with their domestic counterparts on priority sector lending, Reserve Bank deputy governor KC Chakrabarty Saturday said the MNC banks must play their role in the nation's development.

Foreign banks see record profits in China despite economic slowdown

Last Updated: Tuesday, July 17, 2012, 19:17

Assets of foreign banks in China expanded 24 percent year-on-year to 2.15 trillion Yuan last year, PwC said in the survey report.

RBI eases norms for foreign banks to meet capital adequacy

Last Updated: Monday, July 9, 2012, 23:21

The Reserve Bank Monday eased norms for foreign banks to help them meet capital adequacy requirement as per the central bank norms.

Subsidiarisation of foreign banks would be tax neutral: FM

Last Updated: Monday, May 7, 2012, 22:52

In order to encourage foreign banks to operate in India as subsidiaries, Finance Minister Pranab Mukherjee Monday said such move be tax neutral.

Ethiopia seals deal with India to avoid double taxation

Last Updated: Friday, April 6, 2012, 11:48

Ethiopia has signed double taxation avoidance pacts with four countries, including its growing trading partners India and China.

New column in Income Tax forms for declaring foreign assets

Last Updated: Friday, March 30, 2012, 18:02

In its efforts to check black money stashed in foreign banks, government has introduced a new column seeking details of foreign assets in the Income Tax Return (ITR) forms for the assessment year 2012-13.