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Daily Dispatches: ICBC plans to open in India

Industrial Commercial Bank of China (ICBC) plans to launch operations in India by opening a new branch in Mumbai later this year. (Asian Banking and Finance)

Banking giant Standard Chartered plans to hire 1,000 more relationship managers in the next three to four years, said its consumer banking global chief executive Steve Bertamini. (Asia One)

Bank of Communications says there will be no impact on its strategic relationship with HSBC Holdings after HSBC is listed in Shanghai. Senior executives of the two banks have reached a consensus that “there will not be direct competition,” said BoCom chairman Hu Huaibang. (The Standard)

Goldmans Sachs in Australia will introduce a scorecard for its senior managers, linking their bonus payments to success in encouraging diversity in the workplace. (The Australian)

Many Wall Street chief executives took a big pay cut for 2009, but their real value may have been in deflecting attention from their troops – who enjoyed the largest collective payday on record. (The Australian)

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