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Why do so many MNC banks give up pursuit of retail El Dorado in India

Why do so many MNC banks give up pursuit of retail El Dorado in India
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Why do so many MNC banks give up pursuit of retail El Dorado in India
Mayur Shetty / TNN / Updated: Apr 17, 2021, 14:15 IST
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MUMBAI: For decades, multinational banks have sought to tap the continent-sized Indian market. Unlike other multinational entities, banks are not able to sweep the market as authorities in India and elsewhere grant branch licences very judiciously.
Yet, over half a dozen multinational banks have pumped in billions of dollars to grow their retail business across India, only to sell them and exit in the last two decades (see graphic). ....

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Pakistan foreign minister in UAE amid reports on mediation for Indo-Pak talks

Uniindia: New Delhi, Apr 17 (UNI) Pakistan Foreign Minister Shah Mahmood Qureshi arrived in Dubai on Saturday on a three-day official visit to the United Arab Emirates (UAE), which has been in news in recent days for its mediating role between India and Pakistan. ....

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Welcome To IANS Live - INTERNATIONAL - Russia to expel US diplomats, puts officials on no-entry list

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Moscow, April 17 (IANS) Moscow plans to expel 10 diplomats from the US and ban several high-ranking officials from entering Russia, in retaliation for sanctions imposed by Washington this week.
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Update: 17-April-2021 ....

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Four foreign security guards arrested for failing to provide valid papers, manager held too

ISKANDAR PUTERI: Four foreign security guards have been arrested here for failing to provide valid documents.
Iskandar Puteri OCPD Asst Comm Dzulkhairi Mukhtar said the four individuals from Pakistan and India, who are between 23 and 34 years old, were arrested separately on Thursday (April 15) at a housing area in Mutiara Rini, Skudai.
A police team from Iskandar Puteri was making checks on a security post at a housing area in Mutiara Rini when it met two Pakistani security officers.
The duo failed to show their identification documents and valid security officer permits, he said in a statement here on Friday (March 16). ....

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United States pullout in Afghanistan creates doubt

By AI HEPING in New York and MO JINGXI in Beijing |
CHINA DAILY |
Updated: 2021-04-16 06:58
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Captain Melvin Cabebe with the US Army s 1-320 Field Artillery Regiment, 101st Airborne Division stands near a burning M-ATV armored vehicle after it struck an improvised explosive device (IED) near Combat Outpost Nolen in the Arghandab Valley north of Kandahar, Afghanistan, July 23, 2010. [Photo/Agencies]
Speaking from the same spot in the White House where former president George W. Bush announced the start of the war in Afghanistan on Oct 7, 2001, US President Joe Biden formally announced on Wednesday that the United States will withdraw all forces from the country, ending its longest war. ....

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