Tuesday, February 13, 2018

India's Bank of Baroda to exit South Africa

Indian bank- the Bank of Baroda that has been linked to the Gupta brothers has announced its plans to exit South Africa.

The bank's representatives in India have said that the reason for the exit is because the bank wants to rationalise its 100 odd overseas branches.

Just a few weeks ago, the Bank had said it was cooperating with South African officials for probe into its compliance lapses.

Our India correspondent Neha Poonia reports.

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