India

India amends DTA pact with Sweden

India amends DTA pact with Sweden

India and Sweden have signed a protocol to amend the existing double taxation avoidance pact between the two countries.

Indian Overseas Bank expects 18% credit growth in FY13

Indian Overseas Bank expects a loan growth of up to 18 percent in the current fiscal.

Ex-Im Bank signs MOU with ICICI Bank

The $500m MOU will allow for cooperation on financing projects between India and US.

5 challenges India has to hurdle in 2013

After a disappointing 2012, India heads for an uncertain 2013. Here are five key challenges we would recommend the Indian economic authorities to focus on.

India's J&K Bank targets 20% credit growth

The Jammu and Kashmir Bank is targeting a credit growth of 20 percent deposit growth of 17 percent.

United Bank of India to get capital infusion

The United Bank of India will likely get Rs 100 crore fund infusion through share issuance to the government.

Banks to answer for fake ATM notes in rural India

India wants to change the law that makes the holder of counterfeit currency responsible.

State Bank of India shifts lending power to branch managers

State Bank of India is giving up its half-a-decade of centralised loan processing.

You won't believe how impactful India's 3 newly-enacted banking bills are

Scope for foreign bank entry will be widened, among others.

Overseas NPAs of Indian banks on the rise

India’s largest bank sees overseas non-performing assets rise by US$15 million.

3 key trends in Indian banks' loan growth

It's likely to range around 13-14% in FY13.

More Indian banks open full branches in China

Union Bank of India is the latest to apply for permission to upgrade a representative office.

Yes Bank eyes acquisitions for expansion goals

Yes Bank is open to acquisitions in banking, broking and asset management businesses.

Competing in 2013 and beyond, are banks READY?

Management guru late C.K. Prahalad defined Competing for future as ‘getting to the customer first for less.’ What are banks doing to get closer to their customers, especially the customers of tomorrow?

State Bank of India to open second Chinese branch

Will be located in Tianjin, the largest coastal city in northern China.

India's Canara Bank targets 2,000 new ATMs by March 2014

Canara Bank can boast of having 5,000 ATMs by the end of next fiscal.