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Reply to "Bank of Baroda pulling out"

Baseman posted:

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.

I notice that you have been excusing PnC incompetence recently. Now suddenly you morph from a charity boy to banking expert, looks like you channeling d2, knows all and does all. 

FM
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