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BNP Paribas News

21 Nov 2017

BNP Paribas sees deficit target missing on GST, infra spend

The report, however, noted that the intense policy action of the last 15-18 months are likely to "bear fruit" for the economy from second half of 2018-19.

Serena Williams

08 Mar 2017

Injured Serena Williams pulls out of Indian Wells, Miami Open

"I have not been able to train due to my knees and am disappointed I cannot be there. I will keep moving forward and continue to be positive. I look forward to being back as soon as I can."

24 Nov 2016

BNP Paribas completes acquisition of Sharekhan

Global banking major BNP Paribas has completed the acquisition of domestic retail brokerage firm Sharekhan, a move that will help it to expand presence in broking space in the country.

12 May 2016

US says banks won't be punished for lawful business in Iran

US Secretary of State John Kerry tried today to reassure European banks they won't be penalised for conducting or facilitating business with Iran, as he worked to address Tehran's grievance that businesses are still staying away despite the nascent nuclear deal.

fastest-growing major emerging-market economy

01 Nov 2015

Too early for India to replace China as global engine: BNP

India is quietly assuming the mantle of fastest-growing major emerging-market economy, but it is too small on economic parameters to replace China as a new global growth locomotive, a new report says.

30 Jul 2015

BNP Paribas acquires Sharekhan for about Rs 2,000-crore

French banking giant BNP Paribas on Thursday acquired homegrown brokerage firm Sharekhan in an estimated Rs 2,000 crore deal, as it seeks to expand retail broking operations here.

28 May 2015

BNP Paribas sees ideal conditions for 0.25% rate cut on June 2

Stating that conditions are ideal for rate cut, French brokerage BNP Paribas on Thursday said a 0.25 percent reduction can help discussions between the central bank and the Finance Ministry on setting up of inflation targeting panel.

17 May 2015

Stake dilution in SBI Life to be finalised in 3-4 months

It is believed that the foreign partner is most likely to increase its stake in the leading life insurance firm promoted by the country's largest lender State Bank of India (SBI).

Sundaram BNP Paribas

30 Apr 2015

Sundaram BNP Paribas to raise Rs 2,500 cr this fiscal

City-based Sundaram BNP Paribas Home Finance, the home finance subsidiary of Sundaram Finance Ltd, is looking at raising funds worth Rs 2,500 crore this fiscal as part of its expansion plans.

30 Apr 2015

BNP Paribas Q1 profit rises 17.5 pct as euro zone loan demand revives

Boosted by firm investment banking activity, France's biggest bank reported net income of 1.648 billion euros ($1.83 billion), up from 1.403 in the first three months of 2014.

09 Apr 2015

Adani dismisses French banks' Australia coal project snub

India's Adani Group on Thursday brushed aside a decision by three leading French banks not to fund huge coal industry projects in Australia`s Galilee Basin near the Great Barrier Reef, saying it had "no bearing" on the company.

05 Feb 2015

Despite US fine, BNP Paribas turns 2014 profit

BNP Paribas surmounted the 6.6 billion euro (USD 8.9 billion) fine imposed by US authorities to post profits in 2014, the French bank said today, but warned tightening business conditions could undermine future results.

31 Oct 2014

BNP Paribas surprises with Q3 profit boost, shares rise

French bank BNP Paribas surprised investors with a sharp rise in third-quarter net profit on Friday, sending its shares up more than 2.0 percent.

27 Sep 2014

BNP Paribas chairman Baudoin Prot resigns

The chairman of BNP Paribas has resigned, some three months after the French bank was hit by a record $8.9 billion fine for violating US sanctions, the bank said.

23 Sep 2014

BNP Paribas chairman Baudouin Prot to resign: Source

The chairman of BNP Paribas plans to resign in the aftermath of the French bank`s record $8.9 billion fine for violating US sanctions, a person familiar with the matter said Tuesday.

25 Jul 2014

BNP Paribas to pay $80 million for defrauding US Agriculture Dept

A vice president of BNP Paribas, Jerry Cruz, pleaded guilty in 2012 to receiving bribes from the exporters.

04 Jul 2014

Asian stocks hit three-year peak on upbeat US data

Asian shares rose to a three-year peak on Friday and the dollar held near its overnight highs after U.S. jobs data which showed the lowest unemployment rate in six years and underscored the strength of the economic recovery.

02 Jul 2014

US imposes record fine on BNP in sanctions warning to banks

French bank BNP Paribas has pleaded guilty to two criminal charges and agreed to pay almost $9 billion to resolve accusations it violated U.S. sanctions against Sudan, Cuba and Iran, a severe punishment aimed at sending a clear message to other financial institutions around the world.

01 Jul 2014

India link emerges in $8.9-bn BNP Paribas settlement in US

BNP Paribas has a presence in 75 countries, including in India, with more than 180,000 employees and its businesses include retail, corporate and investment banking.

01 Jul 2014

BNP Paribas to pay a record $8.97 bn in penalties to US

The plea agreement provides that BNPP will pay total financial penalties of USD 8.97 billion, including forfeiture of USD 8.83 billion and a fine of USD 140 million.

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