Swiss banks are selling a new safe-haven idea to the rich and mighty from India and other countries -- special accounts for holding gold bars and high-value Swiss franc notes in the safety of their cash vaults.
India needs to have a regulatory regime that is consistent and progressive in nature to find a place in the investment road map of foreign companies, global banking giant HSBC's India chief Naina Lal Kidwai has said.
Looking to expand its business and grow its financial metrics going forward, new-generation private sector banking major Yes Bank has said it is open to possible acquisitions in banking, broking and asset management businesses, even as its organic growth plans are sufficient to meet its near-term targets.