According to reports in the Canadian media, iGate was allegedly using temporary foreign workers to replace the bank's existing staff.
A first-ever study conducted jointly by Outlook Money and TNS.
Giving a clarion call to defeat the Mamata Banerjee-led party in West Bengal, the prime minister while addressing a mega rally in Siliguri said, "The road to oust the corrupt TMC government from West Bengal will open from the Lok Sabha polls."
India has received the fourth set of Swiss bank account details of its nationals and organisations as part of an annual automatic information exchange under which Switzerland has shared particulars of nearly 34 lakh financial accounts with 101 countries.
Bank would exit from cash equities, corporate broking, equity capital markets, and mergers and acquisitions businesses.
Move comes after bank's failure to close deal with HSBC.
A high-stakes match between cross-city rivals Chennai Super Kings and Royal Challengers Bengaluru in Chennai on Friday will usher in IPL 2024, but, beyond the grandeur around it, the two protagonists will have to find early answers to some deep questions as they attempt to enter a rarefied territory.
The police detained five women and Shree Rajput Karni Sena president Mahipal Singh Makrana before he could meet them in Ahmedabad.
Cummins, who skipped the IPL last season, was also the most expensive buy in the 2020 IPL Auction.
Ratnakar Bank to absorb RBS' employees involved in three businesses
In an interview with Malvika Joshi and Somasroy Chakraborty, Madan Menon, RBS' chief executive for Singapore and Southeast Asia and head of global banking and markets in India, shares the bank's plans.
The job cuts comes in the wake of the banking sector, especially investment banking activities, facing difficult times amid the persisting European debt turmoil.
The most preferred CoCo bonds are those through which banks raise their additional Tier-I capital.
Banker-turned-politician Meera Sanyal on why she joined politics, her plans for South Mumbai, women's empowerment and the promise of the Aam Aadmi Party.
A consortium of Indian public sector banks led by SBI sought a bankruptcy order against embattled liquor tycoon Vijay Mallya during a high court hearing in London on Wednesday as part of efforts to recoup around 1.145 billion pounds in unpaid loans. Mallya's legal team, led by barrister Philip Marshall, argued for the bankruptcy petition to be dismissed because their client was being unfairly pursued by the banks in India and the UK on opposing grounds.
Riding high after an emphatic victory against Kings XI Punjab, a rejuvenated Delhi Daredevils will aim at posing a serious challenge to a formidable Royal Challengers Bangalore when the two teams square off in an Indian Premier League (IPL) encounter in Bengaluru on Sunday.
Defending champions Chennai Super Kings will expect a lot more from their top-order as they aim to get their campaign back on track against a power-packed Kolkata Knight Riders in the IPL match in Chennai on Monday.
The deal is stuck because the Reserve Bank of India has declined to transfer the branch licences of RBS to HSBC.
All three agreed to have the proceedings heard in English and each of them nodded that they understood the charges of first-degree murder and conspiring to murder Nijjar, the report said.
LSG, Punjab Super Kings will be aiming to bounce back after losing their previous match.
Did you know that your home insurance covers valuables in bank locker?
The Hongkong and Shanghai Banking Corporationon Friday announced it will acquire the Indian business of Royal Bank of Scotland worth $1.8 billion, a move that will help the British giant gain greater exposure in the country.
Full list of players released, retained and traded by all ten teams in the IPL.
Gidwani will be based in Mumbai, overseeing a team of 15 staff comprising private bankers and client relationship associates, a statement issued by the bank in Mumbai said.
Batting legend Sachin Tendulkar had budding young cricketers enthralled at the Singapore Cricket Club as he explained the finer nuances of the game on Tuesday.
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.
'The more educated a young person is, the higher the chances of him or her remaining unemployed.'
It is a pity that he does not take his youth influencer role more seriously and align his brand endorsements more responsibly, notes Kanika Datta.
With the US housing and labour markets on the mend, the healing looks more durable, say RBS's Sanjay Mathur and Louis Kuijs.
Hardik Pandya is touted as a possible captaincy option for Mumbai Indians in the future.
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 Royal Bank of Scotland (RBS) on Thursday said that it will sell its retail and commercial banking business along with a part of its global banking and markets (GBM) division in India as part of the global restructuring exercise aimed at focusing on core markets such as the United Kingdom, the United States and Ireland.
For returning to trend growth of over eight per cent GDP growth and sustained low inflation of four per cent, removal of supply-side constraints and investor-friendly policy reforms are key, says Rajesh Cheruvu, Chief Investment Officer, India, RBS.
What Meera Sanyal has learned from her unsuccessful 2009 Lok Sabha campaign. In her own words.
Cash-strapped Royal Bank of Scotland is reviewing its branding agreement with cricketer Sachin Tendulkar a year into the deal.
Virat Kohli will be in focus as Royal Challengers Bangalore look to strengthen their claim for an IPL play-offs berth in their must-win match against laggards Sunrisers Hyderabad.
Foreign lender Royal Bank of Scotland on Thursday said RBI is likely to hike its policy rates by up to one percentage point this year even as the headline inflation is likely to fall to 6-7 per cent on the back of a good monsoon.
Standard Chartered pulled out of the negotiations over valuation issues, according to sources. They say it was willing to pay up to $250 million, a figure that apparently fell far short of RBS' s expectations.
At present, the bank has around 10,000 employees in India, with 7,500 in Aces, its business process outsourcing unit and product development centre, while another 500 are in the non-retail banking units, who would be retained. This is part of its strategy to focus on key markets after the sale of its retail and SME banking business. The unit had contributed around 30 per cent of RBS's revenue from its India and Asia-Pacific operations.
Royal Bank of Scotland and JP Morgan were also fined over attempts to rig currency benchmarks in a year-long probe that has put the largely unregulated $5 trillion-a-day market on a tighter leash, with dozens of dealers suspended or fired.
