Monday, March 12, 2012

Industrial and Commercial Bank of China hits language wall

...... The bank has requested the Reserve Bank of India to allow more Chinese expatriates to be employed in its lone branch in India's financial centre, citing inability of the local hires to communicate with the headquarter. The RBI has now forwarded to the government seeking approval due to security concerns. "In most such cases we do provide limited exemptions but since this involves the Chinese, given the sensitivity, we have consulted the government," said an official with RBI, requesting anonymity.......
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