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Barclays Bank Plc

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Citi joins list of foreign banks scaling down India ops

Citi Bank on Wednesday joined the list of foreign banks that have exited the retail banking business in India as the US-based banking giant announced selling its consumer banking portfolio to Axis......

Why are foreign banks marching out of retail banking?

Foreign banks set the template in consumer banking in its infancy, but have almost vacated this booming space. Raghu Mohan reports. Illustration: Dominic Xavier/Rediff.com On March 8, Axis Bank......

Hindujas sell health care unit to Baring Private Equity for $1.2 billion

The Healthcare Services vertical has over 20,000 employees across four geographies – India, the Philippines, the US and Jamaica – and recorded revenues of approximately $400 million in......

Bank mergers and death of forex brokerages

Business is down to such an extent that last year these firms could not even meet RBI’s capital norm of Rs 50 million for partnerships and Rs 100 million for public and private firms in this......

Will rupee breach 70 a dollar?

The immediate concern for the rupee is the sharp spike in oil prices Illustration: uttam Ghosh/Rediff.com The rupee touched its record low of 69.10 a dollar in morning trades on Thursday amid a......

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Coming to India and making

Success in manufacturing is not just about being cheap - cheap labour, cheap land, cheap power...
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