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BAHRAIN BRANCH
Indian banks avoid fresh Gulf bets as Iran crisis drags onIndian banks are pausing new business in Gulf countries amid the Iran crisis. Lenders are closely watching existing ties to avoid financial...- Dubai regulator probe found HDFC’s DIFC branch kept quiet for 5 years, failed to meet integrity standardsBanks own ethics panel found high number of regulatory breaches while onboarding clients; Deloitte, Kroll also had conducted probe. Funding...
- HDFC Bank penalises 12 execs for role in mis-selling AT1 bondsHDFC Bank has penalized at least 12 senior and mid-level executives, including Ashish Parthasarthy, for their alleged role in the mis-selli...
- HDFC Bank sacks 3 senior executives over Credit Suisse AT1 bond mis-selling allegationsHDFC Bank has addressed client onboarding issues at its Dubai branch. Personnel changes were made following an internal review. This action...
- More trouble brewing? HDFC Bank fires 3 executives for mis-selling bonds, says reportHDFC Bank fired three senior executives, including Sampath Kumar, over alleged mis-selling of Credit Suisse AT-1 bonds to NRIs. The controv...
- SBI Life to open Bahrain branch by DecemberSBI Life is a joint venture between the State Bank of India and the French financial services heavyweight BNP Paribas Cardiff.
- S&P takes HDFC Bank's 3 bond sales off negative watch listAll these instruments were placed under the negative watch list by S&P on February 22, 2016, citing problems in the host country, Bahrain, ...
- S&P puts HDFC Bank, ICICI Bank Bahrain bonds under CreditWatchThe Bahrain branch of HDFC Bank has raised about $1.2 billion through bonds issuance while ICICI Bank has mopped up approximately $600 mill...
- ICICI Bank initiates modifications to $600 mn Bahrain bondsPrivate sector ICICI Bank today said it is in the process of carrying out modifications to the structure of all the issuances amounting to ...
- HDFC Bank initiates modifications to $1.2 bn Bahrain bondsPrivate sector HDFC Bank said it is in the process of carrying out modifications to the structure of all the issuances amounting to about $...
- HDFC Bank may buyback, raise coupon on Bahrain bondsThe bonds are rated BBB- by Standard & Poor's and Baa3 by Moody’s in line with India's sovereign rating.
- Bank of Bahrain opens third branch in IndiaBank of Bahrain and Kuwait (BBK) today opened its first branch in Kerala at nearby Aluva, taking its total bank strength in India to three.
- Foreign banks seek finance ministry help to speed up decision on applications for new branchesAt least three foreign banks had approached the finmin for speedy action on their application and some of the govts involved had also raise...
- Canara Bank sets up base for Gulf operations in BahrainCanara Bank will offer number of products for Indian corporations & will become a stepping stone for expansion in Gulf region.
- HDFC opens its first overseas branch in BahrainHDFC Bank on Wednesday announced the inauguration of its first overseas full-fledged commercial branch in Bahrain.
- ICICI Bank buys back Rs 200 cr of bondsICICI Bank on Thursday said it has bought back Rs 200 crore of bonds out of the Rs 8,000-crore bonds issue exercised from its Bahrain branc...
- Bank of Baroda returns to Bahrain after 15 yearsBank of Baroda, which closed its offshore banking unit in Bahrain in 1993, will return to the Gulf nation by opening a full fledged branch ...
- Bank of Baroda gets nod for Bahrain branchBahrain has granted a license to Bank of Baroda (BOB) to establish a wholesale branch in the Gulf country.
- Great Kabab Factory opens first outlet in BahrainThe Great Kabab Factory opened its first outlet in Bahrain on Friday. "This is the first time a restaurant is opened in Bahrain with franch...
- ICICI gets full commercial licence in BahrainICICI Bank has been granted a full commercial branch (FCB) licence by the Central Bank of Bahrain (CBB), the second Indian bank after State...
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