Banking
Shock regulatory merger met with cautious optimism
It can be ‘difficult to distinguish between a bank and an insurance company’
Indian remittance tax to indirectly hit NRIs
Those receiving money from India for investment purposes to pay 5%
Standard Chartered India unveils online remittance service
It will enable clients to transfer funds overseas using their laptops or mobile phones
Indian bank unveils invitation-only wealth arm
It is aimed at ultra-high net worths