Similarly, 51 per cent of 105 market participants polled by RBS said they do not expect a CRR cut in the quarterly policy announcement next Tuesday.
The finance ministry has received over 600 names of Indians who have accounts in HSBC Bank's Switzerland branch, from the government of France.These names were obtained by the French government after an employee of HSBC Bank became a whistleblower. He took refuge in France and brought along a long list of account holders who have allegedly stashed money in the Swiss branch of HSBC Bank. Now the Indian government is sitting tight on those names.
Former minister responds to Sheela Bhatt/Rediff.com's questions.
If the nominations are not in place, the heirs need to go through a lengthy process to get access to the money cautions Bindisha Sarang.
Star Indian shuttlers P V Sindhu and Kidambi Srikanth fought their hearts out before suffering close defeats in their respective group 'B' openers at the US$ 1.5 million HSBC BWF World Tour Finals, in Bangkok, on Wednesday.
In 2008, Josephine Bhasin's bank accounts at HSBC India were valued at $8.3 million.
The IRS uses a John Doe summons to obtain information about possible tax fraud by people whose identities are unknown.
The Special Investigation Team (SIT) on black money today rejected an HSBC whistleblower's claim that Indian authorities are not using a "lot of information" on illicit funds, saying he has created a "hue and cry" and not replied to its earlier requests.
The Indian regulatory framework forced Citi to hibernate -- contrary to the claim that it never sleeps!
Kashyap, a Commonwealth Games champion, was trailing 8-14 in the third game when he chose to retire after pulling his calf muscle.
Former Dabur director gave sketchy details of investors and his employer after two years of tax summons.
Switching to a damage-control mode, bankers and government officials claimed that Jet Airways wouldn't fall even if Etihad refuses to back the resolution plan and exits.
The race to get a New Umbrella Entity (NUE) licence for digital payments may get crowded. As many as six consortiums are said to be in the fray to apply for an NUE licence, which would create a for-profit National Payments Corporation of India (NPCI)-like body for retail payments. A consortium led by Financial Software and Systems (FSS), a leading provider of payment products and payment processor, is in talks and may file an application to the RBI for an NUE license, said sources aware of the development. The other constituents of this group include Indian Bank, Central Bank of India, India Post Payments Bank, National Bank for Agriculture and Rural Development (Nabard), and a few small finance banks.
PNB officials entered into a criminal conspiracy with 19 accused companies, the FIR alleges.
According to HSBC's 'Climate Confidence Monitor', one in three people in Vietnam, India and China believe that climate change can be halted, compared to just one in twenty in developed economies such as France and the UK.
Sahara was to provide a bank guarantee from HSBC.
Many requests are pending with the Swiss authorities.
In the US, it is obligatory for any citizen to provide details regarding any financial transaction he or she may have carried out overseas.
Tamal Bandyopadhyay takes a close look at some of the magic figures in the banking sector
Make sure you have a firm investment policy in place - one that clearly spells out which product to buy for each goal, why to buy, when to buy and when to sell.
The recovery in manufacturing is still likely to prove "protracted" given the lingering structural constraints.
India's working population relies heavily on cash deposits and a second home to generate post -retirement income, according to an HSBC report.
That prompted manufacturers to add jobs for the first time since June.
While selling started in April, it has intensified this month, with FPIs pulling out $1.1 billion and $2.5 billion from equities and debt market, respectively
Let's take a look at 24 nations rated best for expatriates.
The US Federal Reserve has decided to keep its stimulus programme intact and this in turn will lead to some respite for the battered emerging market economies, but it should also be borne in mind that tapering is inevitable in the medium term.
Chandra, who will turn 69 years old on Saturday, becomes non-executive director with immediate effect.
Burman held an undisclosed, yet, active account in an HSBC branch in Zurich
Move will be a setback for India which wants information on black money probe based on leaked data
In an open letter, BWF secretary general Thomas Lund said the decision to go ahead with the All England Championships was made based on the best advice at that time. "It has been very disappointing to see some members of the badminton community speculate on the sincerity and motives of the BWF in this time of crisis," Lund wrote.
The survey showed firms passed on a greater cost burden to consumers. Prices charged rose at their fastest pace since October.
The US on Friday issued orders to ban popular Chinese social media apps TikTok and WeChat from Sunday to safeguard national security, weeks after India banned them, saying they were prejudicial to sovereignty, integrity and security of the country.
India is seen as a good destination to relocate to as expat parents enjoy greater opportunities to make significant financial savings.
Bumper liquidity as a result of global central bank stimulus measures should prevent a sharper downturn.
There were as many as 628 names in the HSBC list.
One of India's main export destinations, the euro zone, is struggling to revive its economy and battling disinflation.
Business houses don't think twice about blacklisting a newspaper.
As the Reserve Bank maintained a status quo on key policy rates, analysts said higher demand due to supply constraints will not allow inflation to ease as quickly as anticipated and the apex bank may be forced to increase rates once more by the year-end.
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