BNP Paribas News

The report, however, noted that the intense policy action of the last 15-18 months are likely to "bear fruit" for the economy from second half of 2018-19.

"I have not been able to train due to my knees and am disappointed I cannot be there. I will keep moving forward and continue to be positive. I look forward to being back as soon as I can."

Global banking major BNP Paribas has completed the acquisition of domestic retail brokerage firm Sharekhan, a move that will help it to expand presence in broking space in the country.

US Secretary of State John Kerry tried today to reassure European banks they won't be penalised for conducting or facilitating business with Iran, as he worked to address Tehran's grievance that businesses are still staying away despite the nascent nuclear deal.

India is quietly assuming the mantle of fastest-growing major emerging-market economy, but it is too small on economic parameters to replace China as a new global growth locomotive, a new report says.

French banking giant BNP Paribas on Thursday acquired homegrown brokerage firm Sharekhan in an estimated Rs 2,000 crore deal, as it seeks to expand retail broking operations here.

Stating that conditions are ideal for rate cut, French brokerage BNP Paribas on Thursday said a 0.25 percent reduction can help discussions between the central bank and the Finance Ministry on setting up of inflation targeting panel.

It is believed that the foreign partner is most likely to increase its stake in the leading life insurance firm promoted by the country's largest lender State Bank of India (SBI).

City-based Sundaram BNP Paribas Home Finance, the home finance subsidiary of Sundaram Finance Ltd, is looking at raising funds worth Rs 2,500 crore this fiscal as part of its expansion plans.

Boosted by firm investment banking activity, France's biggest bank reported net income of 1.648 billion euros ($1.83 billion), up from 1.403 in the first three months of 2014.

India's Adani Group on Thursday brushed aside a decision by three leading French banks not to fund huge coal industry projects in Australia`s Galilee Basin near the Great Barrier Reef, saying it had "no bearing" on the company.

BNP Paribas surmounted the 6.6 billion euro (USD 8.9 billion) fine imposed by US authorities to post profits in 2014, the French bank said today, but warned tightening business conditions could undermine future results.

French bank BNP Paribas surprised investors with a sharp rise in third-quarter net profit on Friday, sending its shares up more than 2.0 percent.

The chairman of BNP Paribas has resigned, some three months after the French bank was hit by a record $8.9 billion fine for violating US sanctions, the bank said.

The chairman of BNP Paribas plans to resign in the aftermath of the French bank`s record $8.9 billion fine for violating US sanctions, a person familiar with the matter said Tuesday.

A vice president of BNP Paribas, Jerry Cruz, pleaded guilty in 2012 to receiving bribes from the exporters.

Asian shares rose to a three-year peak on Friday and the dollar held near its overnight highs after U.S. jobs data which showed the lowest unemployment rate in six years and underscored the strength of the economic recovery.

French bank BNP Paribas has pleaded guilty to two criminal charges and agreed to pay almost $9 billion to resolve accusations it violated U.S. sanctions against Sudan, Cuba and Iran, a severe punishment aimed at sending a clear message to other financial institutions around the world.

BNP Paribas has a presence in 75 countries, including in India, with more than 180,000 employees and its businesses include retail, corporate and investment banking.

The plea agreement provides that BNPP will pay total financial penalties of USD 8.97 billion, including forfeiture of USD 8.83 billion and a fine of USD 140 million.