Foreign Banks
RBI partly accepts suggestions on FBB exposures in LEF and ITE regimes
RBI said FBB exposures to head offices and their branches will fall under LEF, while exposures to other group entities move to the ITE framework, with gross calculation retained
 "RBI partly accepts suggestions on FBB exposures in LEF and ITE regimes")
Rupee hits intraday low, recovers to 89.98 as foreign banks sell dollars
The rupee hit 90.41 per dollar intraday on Thursday before recovering to close at 89.98, as foreign banks sold dollars and RBI intervention stayed limited amid outflows and trade-deal uncertainty
 "Rupee hits intraday low, recovers to 89.98 as foreign banks sell dollars")
Foreign banks chase India's rupee bond market amid weak offshore demand
To compete, lenders including Standard Chartered Plc and Barclays Plc, are looking to widen their onshore offerings to appeal to Indian corporates shifting their borrowing to rupees
 "Foreign banks chase India's rupee bond market amid weak offshore demand")
Regulatory reform, capital depth draw global banks to India, say CEOs
At the Business Standard BFSI Insight Summit, CEOs of Citi, HSBC, and Standard Chartered say India's regulatory clarity and deepening markets are strengthening its appeal for global banks
 "Regulatory reform, capital depth draw global banks to India, say CEOs")
The changing turf for foreign banks amid selective opening, scrutiny
The move is towards opening up the sector, but selectively, with regulatory scrutiny and special approval
 "The changing turf for foreign banks amid selective opening, scrutiny")
RBI removes prior approval requirement for opening vostro accounts
RBI allows authorised dealer banks to open Special Rupee Vostro Accounts for foreign banks without prior approval, easing rules to boost rupee-based trade
 "RBI removes prior approval requirement for opening vostro accounts")
Following repo cut, PSBs reduce rates more than private counterparts
The Reserve Bank of India has already cut its key repo rate by 100 basis points in an effort to jumpstart growth in the economy
 "Following repo cut, PSBs reduce rates more than private counterparts")
RBI Governor hints at allowing foreign banks to own 26% in Indian banks
RBI Governor Sanjay Malhotra says interest rate transmission is effective and hints at a policy to allow foreign banks to hold up to 26 per cent in Indian lenders
 "RBI Governor hints at allowing foreign banks to own 26% in Indian banks")
Emirates NBD gets RBI in-principle nod to set up wholly owned subsidiary
Dubai-based Emirates NBD has received RBI's in-principle approval to convert its three India branches into a wholly owned subsidiary to deepen domestic banking services
 "Emirates NBD gets RBI in-principle nod to set up wholly owned subsidiary")
Amex, HSBC lead foreign banks in net credit card addition in FY25
The two banks added close to 325,000 new credit cards, with the overall banking industry adding 8 million credit cards in FY25
 "Amex, HSBC lead foreign banks in net credit card addition in FY25")
Rupee rallies to under 85 vs dollar intraday on strong equity inflows
RBI to conduct OMO to purchase Gsec worth ₹1.25 trillion
 "Rupee rallies to under 85 vs dollar intraday on strong equity inflows")
Rupee hits near three-month high, erases almost all 2025 losses
The domestic currency was the best-performing currency among its Asian peers in the current month so far
Want to build biz in India for 100 years: Shriram Capital-Sanlam executives
Executives talk about their plans for the wealth management business and the group's banking ambitions
 "Want to build biz in India for 100 years: Shriram Capital-Sanlam executives")
RBI asks lenders to widen scope of reporting offshore swap trades
Reserve Bank of India has requested foreign banks operating in India to report details of all offshore trades involving rupee interest rate products
 "RBI asks lenders to widen scope of reporting offshore swap trades")
India needs more global-scale banks for 2047 vision: DFS Secy M Nagaraju
Large banks also play a crucial role in the stability & growth of the global economy, with the resources & expertise to absorb shocks & manage risks better, ensuring stability in the financial system
 "India needs more global-scale banks for 2047 vision: DFS Secy M Nagaraju")
India remains a strategically important country for foreign banks: CEOs
India's growth requires foreign capital, which can come via FDI and supply chain diversification
 "India remains a strategically important country for foreign banks: CEOs")
FDIC sues 17 former Silicon Valley Bank executives, directors over collapse
FDIC faulted the bank's overreliance on unhedged, interest rate-sensitive long-term government bonds such as US Treasuries and mortgage-backed securities as rates looked to rise
 "FDIC sues 17 former Silicon Valley Bank executives, directors over collapse")
Russian bank VTB says on track for record profit of $5.5 billion in 2024
Bank said it was still on track to hit profit target of 550 billion roubles in 2024 despite a significant depreciation in the value of many of its assets in November as a result of monetary tightening
 "Russian bank VTB says on track for record profit of $5.5 billion in 2024")
Hoping to match 165 years of progress in 5-6 years: CEO of HSBC India
Hitendra Dave spoke about the London-based bank's plans for India and how it aims to capitalize on the opportunities the country has to offer
 "Hoping to match 165 years of progress in 5-6 years: CEO of HSBC India")
BS BFSI 2024: Foreign banks focus on strengths to level up India play
India heads see new opportunities as Indian economy gains ground
 "BS BFSI 2024: Foreign banks focus on strengths to level up India play")
