India

RBI thumbs down request for exemptions

All new banking license applicants must comply with all norms.

ICICI Bank makes US$376.7 million net profit

Non-performing loans increase, however.

India will continue bond sales to sap liquidity

Pledges defense of rupee in a calibrated manner.

All Indian banks must have ATMs by 2014

Will allow rural customers easy withdrawals.

What you need to know about the Indian debt market

Debt market outlook Indian debt market witnessed heightened volatility during the last week due to Central Bank’s measure to curb liquidity in the system by reducing the limit on LAF repo window to Rs 75,000 Cr and simultaneously increasing the cost of borrowing under the marginal standing facility rate by 200 bps to 10.25%.

India squeezes liquidity to defend weakening rupee

Reserve Bank of India issues slew of policy directives.

HDFC Bank’s profit jumps 30% in Q1

Boosted by interest and non-interest income.

India hikes interest rates again

Part of frantic effort to stop rupee’s plunge.

RBI fines 22 banks US$8.3 million

Banks penalized for breaking anti-money laundering and other regulations.