India

Will profit substantially from rupee plunge.

Ethics is more important in any profession. Without ethics an institution cannot run professionally, it can run only in its own way.

Adds US$517 million to finance exports of heavy industry goods.

India's largest bank not constrained by merger cost.

Pays market-leading rate to selected savers.

Will provide partial or full guarantees covering clients' payment risk .

Adds six months to start-up time.

Orders banks to boost reserves to 5% from 2.75%.

Norms seem to favor large corporations, however.

MOU will support business operations of their clients.

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

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

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

Banks sign memorandum of understanding to support SMEs.

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.

Refinancing pressure prevents borrowers from benefiting from government rate cuts.