Read more about State Bank of Sikkim under Reserve Bank of India s regulatory purview on Business Standard. The bank, established five years before Sikkim acceded to India in 1973, provides treasury operations for the state government
HSBC is set to withdraw from U.S. retail banking, a source familiar with the matter told Reuters on Monday, as Europe s biggest bank seeks to dispose of a business that has long underperformed. The exit from the U.S. consumer business will form part of the lender s strategy update due on Tuesday, as Chief Executive Noel Quinn seeks to cut costs, boost fee income and continue the lender s shift towards Asia. The sale or closure of its around 150 remaining branches in the United States, after it shuttered 80 last year, would mark the end of HSBC s struggle to turn around a business which has struggled to make inroads against incumbent domestic rivals.
Read more about Exim Bank extends line of credit worth $50 million to the Maldives on Business Standard. The credit line is for financing of defence projects in the country
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Read more about SBI Payments to launch YONO Merchant app for low-cost payments on Business Standard. SBI Payments is a subsidiary of India s largest lender State Bank of India