In an interview with ET, the bank's CEO and MD Amitabh Chaturvedi explains the management's position and dismisses most charges.
HSBC, RBS set to meet banking regulator RBI to resolve issues concerning the impending acquisition of select assets of RBS
Lenders involved in debt restructuring of these institutions will now get a seat on the board of these institutions
Basix arm Samruddhi Finance also seeks Rs 700 cr of fresh funds from its lenders to secure an immediate line of credit.
In an interview with Anita Bhoir, Davis spoke on HSBC’s business plans in India and on the impending acquisition of the assets of Royal Bank of Scotland in the country.
The lenders have agreed to waive the personal guarantee since the deadline to finalise a rescue package was fast approaching.
RBI may ask foreign banks with large assets to become arms to protect them from global shocks
Part of this will be fresh capital while the rest will involve a conversion of debt into preference shares, a form of equity.
The advisory comes in the wake of an ongoing conflict between shareholders of private sector Tamilnad Mercantile Bank and some new investors in the bank.
Sunil Kaushal, head of Standard Chartered Bank's Taiwan unit, may succeed Neeraj Swaroop as chief of India operations.
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