BANK­ING & FINA NCE

India Today - - COVER STORY -

Slow­down im­pact High in­ter­est rates, sub­dued in­dus­trial pro­duc­tion and do­mes­tic con­sump­tion slowed In­dian econ­omy.

Job im­pact UBS In­dia sur­ren­dered its bank­ing li­cence. RBS will shut 23 of its 31 branches in In­dia. In April 2012, HSBC cut 350 jobs in Pune and 200 more in Hyderabad.

Re­vival kit Eco­nomic re­vival can re­verse trend, mak­ing cor­po­rates re­cover and cut down de­fault.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.