Multiple Indian Banks Penalised for Violating Banking Norms

The RBI prescribes strict rules on the use of loan proceeds by borrowers, and has on numerous occasions asked banks to monitor this end use closely to ensure funds are not diverted for purposes other than what is specified to obtain the loans.


Legal frontiers in the Caymans

The first in our new legal frontiers series explores the considerable opportunities available to companies that utilise offshore structures in the Cayman Islands.


Former Banker Sues UOB For Race Discrimination

Smith, who was a senior officer in the bank's treasury business, said UOB changed the minutes of the meeting that originally described how the candidate needed to «fit into UOB


An offer too good to refuse?

Not unexpectedly, three issues that attracted the greatest concern were offshore accounts, acceptance in good faith by revenue and additional information from third parties.