India

Indian banking sector to spend 13% more on IT in 2013

Gartner, Inc. estimates spend at US$7.6 billion.

RBI should regulate all home loans

State Bank of India sees no need for a separate regulator.

Axis Bank to open first branch in China

Will also be the first Indian private sector bank branch in China.

Bank funding for Korean firms in India eased

Banks sign memorandum of understanding to support SMEs.

Is RBI unexpectedly hawkish in May policy?

The RBI cut the repo rate by 25 basis points as expected.The unexpected hawkish stance was a shock for most commentators,what with the inflation ebbing and international crude oil prices too coming down below the pschological $100 barrel level.

Cut in CRR needed to benefit borrowers

Refinancing pressure prevents borrowers from benefiting from government rate cuts.

India launches first Islamic equity index

Provides a new benchmark for Islamic investors.

Indian banks’ retail credit rises 14.5%

Economic slowdown forces banks to push retail loans.

Retail credit will continue to drive Indian bank growth

Demand from the corporate sector will continue to remain weak, however.

India to deposit government cash in commercial banks

Move will add liquidity and make it easier for banks to cut lending rates.

Overseas Indian banks post high credit growth

Growth stood at 27% 2011-12 compared to foreign banks operating in India.

Indian banks boosting overseas staff

Number of employees working abroad rose 6.1% in fiscal year 2011-2012.

CIMB launches its investment banking business in India

Devesh Kumar will lead the 60-strong team in India.

Over 100 firms vie for new Indian banking licenses

Rules on new banking licenses continue to confuse, however.