MUMBAI:
MUMBAI: British bank HSBC on Friday said that it will shut down its
private banking business in India, an announcement that came amid an
ongoing investigation by India's tax department against individuals who
had unaccounted foreign currency accounts in the bank's Swiss branch.
An HSBC spokesperson said the bank's private banking business will be closed down by the first quarter of 2016 and some of its private banking clients will be moved to its premier banking division. "We w ..
An HSBC spokesperson said the bank's private banking business will be closed down by the first quarter of 2016 and some of its private banking clients will be moved to its premier banking division. "We w ..
Ashwin wrecks South Africa, India clinch series
Ravichandran
Ashwin led South Africa's rout on a spinners' paradise as India romped
to a 124-run victory with more than two days to spare in the third test
to take an unassailable 2-0 lead in the four-match series on Friday.
The
off-spinner claimed seven second innings wickets while leg-spinner Amit
Mishra grabbed the remaining three as South Africa, chasing 310 to stay
alive in the contest, folded for 185.
The
setback also meant South Africa, currently the top ranked team in this
format, succumbed to their first away test series defeat since 2006.
Ashwin,
who had claimed five wickets in the first innings, made the most of the
turning track at the VCA Stadium, dismissing Dean Elgar (18) and AB de
Villiers (nine) in the morning to peg back South Africa.
South Africa
skipper Hashim Amla dug in to negate the spin, playing with soft hands
so edges did not carry to slip, while Faf du Plessis used his feet well
against the spinners.
In a test
match that saw 32 wickets tumble on the first two days, the pair showed
grit and determination to thwart the Indian bowlers for more than 46
overs with the biggest partnership in the low-scoring contest.
The duo survived numerous leg-before and bat-pad catch appeals before Mishra ended the 72-run stand that unhinged the visitors.
Amla
offered an edge off the top half of his bat to perish in gully and in
Mishra's next over, Du Plessis lost his stump to a ball that kept low.
Both batsmen contributed 39 runs each.
Ashwin then
returned to mow down the Proteas tail to finish with a match haul of 12
wickets that also earned him the man-of-the-match award.
(Reporting by Amlan Chakraborty in New Delhi; editing by Patrick Johnston)
MUMBAI:
MUMBAI: British bank HSBC on Friday said that it will shut down its
private banking business in India, an announcement that came amid an
ongoing investigation by India's tax department against individuals who
had unaccounted foreign currency accounts in the bank's Swiss branch.
An HSBC spokesperson said the bank's private banking business will be closed down by the first quarter of 2016 and some of its private banking clients will be moved to its premier banking division. "We w ..
An HSBC spokesperson said the bank's private banking business will be closed down by the first quarter of 2016 and some of its private banking clients will be moved to its premier banking division. "We w ..
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