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ALSO READ Micro details of Indian banks’ macro story Hong Kong: Future tense YouTube takes down Hong Kong leader candidate’s channel Punjab election result LIVE: AAP wins 92 seats; Bhagwant Singh set to be CM Privatisation process of two PSBs at advanced stage, says DFS Secy Malhotra Amid strict rules, losses on trade financing business, and Covid regulations, Public Sector Banks (PSBs), such as Union Bank of India and Punjab National Bank, are slowly moving out of Hong Kong. Union Bank of India (UBI) has already transferred its client accounts to Singapore and Australian branches and is waiting for the...
