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WoS of foreign banks to be exempt from capital gains tax: RBI

Last Updated: Tuesday, November 26, 2013, 19:36

The Reserve Bank on Tuesday said that conversion of existing foreign bank branches into wholly owned subsidiaries in India will neither attract any capital gains tax nor stamp duty.

Putin to ban foreign bank accounts for officials

Last Updated: Wednesday, February 13, 2013, 09:23

Russian President Vladimir Putin has submitted a bill to the State Duma prohibiting officials from holding bank accounts abroad or owning foreign-issued shares and bonds.

Foreign bank mulled closing New India Assurance a/c: FinMin

Last Updated: Thursday, November 29, 2012, 14:49

The government on Thursday said a foreign bank had threatened to close down the account of state-owned New India Assurance Ltd if it did not stop providing insurance cover to ships ferrying oil from Iran.

RBI sets pay guidelines for private, foreign bank execs

Last Updated: Saturday, January 14, 2012, 14:17

The Reserve Bank of India has set guidelines for compensation of senior bank executives, imposing restrictions on guaranteed bonus, severance pay as well as a cap on variable pay, in line with global moves to rationalise pay structures and curb risktaking.

Swamy to file complaint against foreign bank A/Cs

Last Updated: Sunday, November 06, 2011, 22:10

On Hazare`s anti-graft movement, Swamy said, "I find the anti-corruption agitation launched by Anna Hazare and Ramdev to be limited in some way.

Two intl banks to fund RPP Infra's project

Last Updated: Monday, August 29, 2011, 17:35

Infrastructure major, RPP Infra Projects, Monday said it has received an in-principle approval from two international banks including ECOBANK of Libreville, Gabon and BDEAC Bank, Brazaville, Congo for funding its Gabon Mass Housing Project.