...........On June 21, UBS India had decided to surrender its banking licence to the RBI after sitting over it since 2008, as part of the group's "capital light strategy" and to reposition the balance sheet, with a view to sharpen its focus on the core businesses in equities and corporate client solutions. According to sources, UBS started distributing letters of termination last Friday and is said to be offering a compensation package of one-month's pay for every year of service completed, which is the practice amongst investment bankers in the country. UBS India has just one branch in the country, based in the megapolis.............
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
No comments:
Post a Comment