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Private sector lender HDFC Bank on Wednesday fixed the coupon rate of its USD 1 billion additional tier- I (AT-1) bonds at 3.70 per cent per annum. The notes will be listed on the India International Exchange (IFSC) Limited, HDFC Bank said in a regulatory filing. ....
India Business News: MUMBAI: General Insurance Corporation (GIC Re) has said that it has had to shut down its Dubai office as its licence was not renewed by the Dubai auth. ....
The share of the Indian rupee in the global NDF turnover has also increased significantly to 19.4% in 2019 from 12.6% in 2016. It was 14.4% in 2013. “The rise in offshore trading can disrupt the price discovery process of exchange rates in the onshore market,” the research paper said. ....
Deutsche Bank gets nod to set up IFSC banking unit at GIFT City freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
Set up in 2015, International Financial Services Centre in GIFT City has attracted international and domestic players across the financial services spectrum, such as banks, asset management companies, alternate investment funds and professional services firms. ....