Dutch banking major ABN Amro said on Friday that it was looking at all possible options including acquiring a private bank and setting up a subsidiary to increase its presence in India.
The all-cash transaction is likely to be complete in the first quarter of 2020, subject to regulatory clearance.
The Reserve Bank of India (RBI) has approved IndusInd Bank's request to form an executive committee to discharge the duties and responsibilities of the chief executive officer (CEO) for a period of maximum three months or till a new CEO takes charge, whichever is earlier.
Foreign players like Citibank, Standard Chartered Bank, HSBC and ABN Amro Bank see opportunities to spread their wings in India after the ceiling on voting rights is lifted by the government.
The Netherlands-based ABN Amro Bank NV has identified India as one of the six key markets for its working capital services.
ABN Amro Bank has kept options open for acquisitions and plans to start mutual fund operations by this fiscal, its executive vice president Romesh Sobti said in New Delhi on Monday.
ABN Amro Bank is aiming at 50% growth in consumer banking, and plans to enter the housing segment shortly.
Economist Ajit Ranade chatted with our readers on March 1, and explained how the Budget affects us all.
Global financial major Citigroup on Wednesday offloaded shares of 22 domestic companies, including 17 Sensex stocks like Reliance Industries and ICICI Bank, in block deals valued at Rs 231.42 crore (Rs 2.31 billion).
Raman's hacking expertise is much in demand -- and not from criminal elements. Indian firms and multinationals like ABN Amro Bank, Aditya Birla Group, Bank of Maharashtra, Bombay Dyeing, HSBC, ICICI Bank, Indiabulls, Centurion BOP, Citibank, India Infoline, Ispat Industries and Kotak Group proactively seek his services. Raman's hacking expertise is much in demand -- and not from criminal elements.
India's anti-monopoly watchdog has launched a judicial probe against ABN-Amro Bank after a preliminary investigation found the lender engaging in deceptive practices in its credit cards business.
Meera Sanyal, Country Executive, ABN Amro Bank, revealed the bank's merger plans with Royal Bank of Scotland. Dutch Central Bank has approved of the merger and a country-by-country approval is being sought. As part of the deal, RBS will acquire the banking business in India and Fortis will buy the asset management company. Neither have a presence in India. ABN Amro is negotiating with RBI too on this issue. The bank will continue to operate through 28 branches in 21 cities.
Wages as percentage of the total expenses for the ABN Amro Bank, which is in the process of selling its retail and commercial banking operations in the country, shot up from 19.91 to 25.61 per cent during the year, reveals an RBI analysis of the banking sector in the country.
ABN Amro Bank's India chief Meera Sanyal also said she expected inflation to reduce after October. Sanyal also said there has been a slight increase in increase in delinquencies in the credit card and personal loan portfolios of banks and attributed it to higher interest rates.
India CEOs of 12 banks form pressure group within IBA.
ABN Amro Bank has launched a new fixed income investment plan for Non-Resident Indians offering them attractive fixed investment opportunities in the face of maturing Resurgent India Bonds.
In this reader-driven feature, Get Ahead readers give their take on the credit vs debit card debate.
The government said on Monday there was no conflict of interest between Sterlite Group and Dalal Mott MacDonald, which was engaged by SBI Caps for valuation of residual stake in Balco.
R N Subramanian, manager-foreign exchange, Canara Bank, will be the new chairman of the Forex Association of India for the current financial year 2004-05
India imports gold worth $26 bn in Apr-Dec period.
The government on Thursday said state-owned carrier Air-India would raise funds through loan guaranteed by the US Exim Bank to part-finance its purchase of 68 aircraft costing about $7.2 billion.
ABN Amro Bank on Tuesday said it does not see any imminent upward pressure on interest rates because of stable inflation rate and enough liquidity in the market.
In August this year, ABN Amro Bank decided to renew the lease for its 3,100 sq ft office space at Nariman Point's Sakhar Bhavan, but the landlord dropped a bomshell by jacking up the rental to Rs 500 per sq ft.
The US Export-Import Bank said on Tuesday that it will provide $75 million in loan guarantees for exports of US technology, equipment and services to build Indian Oil Corp's Rs 5104 crore (Rs 51.04 billion) integrated petrochemical complex at Panipat
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