Tuesday, August 19, 2014

Banking imbroglio between India, Singapore

...."The very high and differential treatment in respect of applicability of AMR for Indian banks compared to other foreign banks is adversely impacting the viability and profitability of Indian QFBs present there. In fact, the high and differential AMR requirement is one reason why there is no application for a third QFB licence from any other (Indian) bank," .........

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