Foreign Banks

The marked shift in the foreign-bank narrative in the post-reform period must also be seen in another context - the renewed talk of privatisation of a clutch of state-run banks

Foreign lenders, RBI in talks to find satisfactory alternative mechanisms

Fresh clearing options came up in discussions with RBI, banks in touch with offshore regulators

Growth of money kept in current accounts moderated to 8.8% this September, from 17.5% a year ago

Banks expressed concerns about trade impact, disruptions seen in OIS, bond markets

Export invoicing in INR is already allowed but the payment must come through Vostro Accounts maintained by foreign banks with a bank in India

DIPAM invites EoIs; last date to submit bids is Dec 16

The RBI has allowed two Russian banks, Sberbank and JSC VTB, to open Vostro accounts for rupee trade. Read more to find out what a Vostro account is and how it is different from a Nostro account

Foreign banks have raised it the most, median rate up 90 bps; just 20-bp rise for private banks

Forward Rate Agreements enables insurers lock in a fixed rate of interest rate for a future pay out

They are not willing to explore the mass market, fighting it out with local banks. The new target is the cream of retail business, which has been growing at a speed never seen before

What are Nostro and Vostro accounts?

The first stock market came up in Amsterdam in the 17th century. And the modern banking system evolved in Italy. The terms, Nostro and Vostro, came from that region. But what do they mean?

India has been a difficult market for foreign banks

Likewise, Merril Lynch, Barclays and Standard Chartered scaled down their operations in 2015

Companies have raised about $10.2 bn through IPOs in India this year, putting 2021 on track to beat its all-time record of $11.8 bn

The rules apply to private banks, small finance banks, and wholly owned subsidiaries of foreign banks.

Regulatory framework also stifled Citi's growth in India despite its conscious efforts to make inroads in the country

While interest earnings are the mainstay, the banks are also active in derivatives and treasury operations

Reorganising global consumer operations on the table of new CEO

India is the third most profitable region for the lender after Hong Kong and mainland China