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UBS India giving pink-slips post-banking exit, 50 to lose jobs

Last Updated: Wednesday, July 10, 2013, 00:45

When asked, a UBS spokesman said: "Around 50 redundancies (confined to the employees of the bank branch) are envisaged between now and the end of the second quarter of 2015."

UBS to close sole India branch, to continue equities, i-banking

Last Updated: Friday, June 21, 2013, 22:48

Swiss banking major UBS has decided to surrender its banking licence in India, which includes exiting its fixed income business, forex operations, and credit services which are capital intensive.