Citi joins list of foreign banks scaling down India ops

Citi Bank on Wednesday joined the list of foreign banks that have exited the retail banking business in India as the US-based banking giant announced selling its consumer banking portfolio to Axis......

Money laundering charges: What StanChart CEO has to say

Standard Chartered Plc has seen 6 billion pounds wiped from its market value following allegations it violated US anti-money laundering rules. The New York State Department of Financial Services......

ANZ re-enters Indian banking after a decade

Australia and New Zealand Banking Groupsaid on Thursday it had re-entered the Indian banking sector after a decade, opening its first branch in Mumbai.It has appointed Subhas DeGamia, a veteran......

BoA appoints Mukesh Ambani director

Mukesh Ambani is set to become the first non-American citizen to join the board of Bank of America Corporation, following his appointment as a director of the bank.Ambani, the chairman and managing......