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Safra Sarasin to shut India wealth JV: Sources

Last Updated: Friday, October 04, 2013, 23:58

J. Safra Sarasin Group, a Swiss private bank, is shutting its Indian joint venture after it was unable to build significant scale in a competitive market hit by slowing economic growth, sources with direct knowledge of the matter said.

Private banks step up hiring; top-five add over 15,000 staff

Last Updated: Sunday, June 16, 2013, 12:27

Leading private sector lenders are in top gear when it comes to expanding their headcount and just five of them, including ICICI Bank and HDFC Bank, added more than 15,000 employees to their payrolls in the last fiscal.

No application yet to RBI for setting up new private banks: Govt

Last Updated: Tuesday, April 23, 2013, 18:40

RBI had invited applications two months ago and the last date is July 1, 2013.

Two held for duping private bank customers in TN

Last Updated: Wednesday, December 05, 2012, 22:21

Two persons, who allegedly misappropriated nearly Rs 10 lakh from customers of three leading private banks, were arrested Wednesday.

Yes Bank raises domestic savings rate to 7%

Last Updated: Thursday, December 22, 2011, 10:32

Private sector lender Yes Bank said on Thursday it raised savings deposit rates to 7 percent from 6 percent for domestic customers with immediate effect.

StanChart India plans to double private bank assets by 2014

Last Updated: Thursday, September 22, 2011, 09:17

Standard Chartered expects assets under management at its Indian private banking business to double by 2014, said the unit's country head, though stiff competition will continue to exert pressure on the fees charged by the sector players.

Swiss banking sector may face more job cuts: Report

Last Updated: Sunday, August 28, 2011, 19:08

Switzerland's banking industry may have to slash 10,000 jobs by the end of next year, particularly at Swiss subsidiaries of big foreign banks, Swiss newspaper SonntagsZeitung reported.

Spanish bank acquires failed US bank

Last Updated: Monday, August 22, 2011, 11:04

Spain's Banco Sabadell acquired nearly all of the assets and certain liabilities of Florida-based Lydian Private Bank under the terms of an agreement with the Federal Deposit Insurance Corporation (FDIC).