FirstRand Bank, South Africa's second largest bank, to exit India after 12 years

The news was broken to FirstRand staff via a video conference on Tuesday. In response to a query from ET India CEO Rohit Wahi shared a statement confirming the shut down of its only branch in Mumbai and a retreat into a limited representative office. The move is likely to impact at least 50 jobs in India.

from Banking/Finance-Industry-Economic Times https://ift.tt/2QnXqYK