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.source https://economictimes.indiatimes.com/industry/banking/finance/banking/firstrand-bank-south-africas-second-largest-bank-to-exit-india-after-12-years/articleshow/82178666.cms
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