Reply to "Bank of Baroda pulling out"

BasemanSenior Member

When I mentioned Baroda bank to the people in Bombay, they had to think. In my time there, I never saw a billboard.

Increasing international governance, regulation and reporting rules has made small operations no longer viable. This has nothing to do with local politics. When I lived in Swiss many Kantonal and Regional banks withdrew from any US participation and closed all US passport holder accounts due to FATCA.

12/7/1810:05 PM

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