Reserve Bank of India penalizes banks

NEW DELHI: The Reserve Bank of India (RBI) on Wednesday imposed monetary penalty on the Hongkong and Shanghai Banking Corporation Ltd. and the Kotak Mahindra Bank for violation of instructions on reporting requirements of FEMA 1999. The central bank ... ( read original story ...)

HSBC, Kotak fined for FEMA violation

MUMBAI: Reserve Bank of India has penalized Honkong and Shanghai Banking Corporation and Kotak Mahindra Bank for failing to adhere to guidelines on Foreign Exchange Management Act 1999. In a statement issued here on Wednesday, RBI said that it has imposed ... ( read original story ...)

BRIEF-Will Semiconductor Shanghai sets IPO pricing

* Says it aims to raise up to 292.0 million yuan ($42.40 million) by offering up to 41.6 million shares at 7.02 yuan per share in its Shanghai IPO Source text in Chinese:bit.ly/2oNbDOv ($1 = 6.8860 Chinese yuan renminbi) (Reporting by Hong Kong newsroom) ( read original story ...)