The bank will instead operate its consumer-banking franchise from four wealth centers in Singapore, Hong Kong, the United Arab Emirates and London, it said Thursday in a statement.
Launched in 1994, India's HDFC Bank is now the world’s 10th most valuable bank and has surpassed Citibank and HSBC in worth standing at about $90 billion.
The payment was made due to a clerical error. Meanwhile, cosmetics giant Revlon Inc. is embroiled in a legal dispute with some of its lenders over the company’s debt-restructuring tactics.
Real gains can be achieved when the government focuses its reforms upstream in better contract design, stronger capacity to monitor performance and maintain documentation.
The report released at Charcha 2025, an annual gathering of India’s social development sector, found that women remain largely concentrated in low-value and routine roles.
Without a Congress revival, there can be no challenge to the BJP pan-nationally. Modi’s party is growing, and almost entirely at the cost of the Congress.
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