Swiss authorities yesterday raided the offices of British banking giant HSBC's Swiss unit as part of a money laundering probe into the bank that has been accused of helping clients to dodge millions of dollars in taxes.

Foreign private banks are bulking up in India once again after downsizing in the past few years, anticipating new opportunities to advise

An email which the whistleblower at the centre of an HSBC tax scandal says he sent to HM Revenue and Customs in 2008 has been uncovered by a French newspaper.

The central bank will try to acquire information on the Bangladeshi nationals who held accounts with HSBC's Swiss private banking arm, a top official said yesterday.

Banks' default loans dropped 12.45 percent in the last quarter of 2014 after rising in the three previous quarters, much to the relief of the central bank.