Trade Finance
Insurance body slaps fine on IndusInd Bank
Indusind Bank has been slapped a Rs 15 lakh by ther Insurance Regulatory and Development Authority for violating corporate agency norms.
Insurance body slaps fine on IndusInd Bank
Indusind Bank has been slapped a Rs 15 lakh by ther Insurance Regulatory and Development Authority for violating corporate agency norms.
Prudential, Maritime Bank to provide bancassurance one-stop shop
Prudential Vietnam Assurance Company signed a partnership deal with Maritime Bank for providing bancassurance services in the bank’s network.
Indian Overseas Bank waiting to raise $500M through MTN
Indian Overseas Bank is waiting for the European crisis to stabilise to raise US$ 500 million through medium-term notes for funding its overseas...
Dena Bank raises $153.9M from bonds
Dena Bank has raised Rs 850 crore or US$153.9 million from bonds to fund business growth.
Vietnam stopping use of gold for savings, lending
Vietnam's credit organisations are being required by the State Bank of Vietnam to refuse depositing and lending of gold.
SCB denies TMB share swap rumour
Siam Commercial Bank called speculations it plans to buy a 26 percent stake in TMB Bank through a share swap as groundless.
Bank Permata raises $75M from sale of subordinated debt
Bank Permata raised Rp 700 billion or $75 million from the sale of subordinated debt that it offered from June 8 to 12.
Al Rajhi Bank utilizes CCM-i treasury instrument
Al Rajhi Bank Malaysia became the first Islamic financial institution to utilize the Collateralised Commodity Murabahah-i.
Bank Jatim targets $212M from IPO
Bank Jatim expects to raise up to Rp 1.9 trillion or US$212 million from an IPO to be launched in July.
Reliance Finance eyes 16% credit growth
Reliance Commercial Finance will increase focus on SMEs to achieve its target credit growth rate of 15-16 percent this fiscal.
CIMB eyes second listing in Indonesia after Malaysia
CIMB plans to be listed on the Indonesia Stock Exchange, though currently it is only listed on Bursa Malaysia.
Pakistani banks told to process cases of sugar export
The State Bank of Pakistan advised all authorised dealers in foreign exchange to process the cases of sugar export.
Public Bank to redeem 2005 notes
Public Bank is redeeming the US$400million subordinated notes it had issued on June 20, 2005.
VietinBank assigned to serve $80Mln ADB Loan
The State Bank of Vietnam has assigned VietinBank to service a project worth $80 million funded by the Asian Development Bank.
KB, Korea Life to vie for ING Life Korea
KB Financial and Korea Life Insurance were among the preferred bidders to buy ING Group’s Asian insurance business.
S.Korea's Eximbank raises $1.25B through samurai bonds
South Korea's Eximbank raised 100 billion yen or US$1.25 billion through samurai bond sales.
ING Vysya Bank enters gold coin retailing
ING Vysya Bank announced plans to sell 24-carat coins of up to 10 grams.
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Thai central bank’s digital payments on ‘top of the world’
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The Bank of Thailand is eyeing to expand connectivity with more countries.
The Bank of Thailand is eyeing to expand connectivity with more countries.
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