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US business body welcomes Indian banking sector reform

Last Updated: Saturday, November 09, 2013, 11:28

The US business body has welcomed the new RBI rules governing access for foreign banks operating in India, describing the move as a positive step and called for opening up of other areas in particular the insurance sector.

'Foreign banks local incorporation norms after sorting out issues'

Last Updated: Wednesday, June 05, 2013, 14:45

Subbarao also said the RBI will nudge the existing foreign banks to get incorporated locally.

Seven foreign banks given approval to open branches in 2012

Last Updated: Wednesday, August 22, 2012, 20:11

BNP Paribas, Societe Generale and Standard Chartered are among the seven foreign banks which have been given approval to open new branches in the country in 2012 till mid-August, the government said Wednesday.