India

Indian banks open 55 branches in tax-friendly states.

This is their first expansion since 2008-09.

Reserve Bank of India to issue a notification for the implementation of Basel III this week.

Reserve Bank of India to continue as banking sector regulator.

Is pushing consolidation of public sector banks to create two megabanks.

Loan default is a universal phenomenon associated with all types of business enterprises. However, loan default in case of banks has special significance because extending of credit is almost the exclusive business of banking institutions.

Survey projects 14% growth in after tax profits for FY 2012-13.

SMBC joins Japan Bank for International Cooperation in backing fund.

With an increasing degree of uncertainty prevailing in the global economy, it becomes imperative that corporates make efficient use of their available cash positions. While the need to be cash rich cannot be under stated, the need to be liquid is the need of the hour. A well-structured Liquidity Management policy can help treasurers achieve the best possible outcome with the available cash resources.

It was worth around USD 111 million.

The bank will open in October.

The banking system was standing on its head, we just put it back on its feet says Mohammad Yunus, founder of Grameen bank, Bangladeshi Economist, Banker and Nobel peace prize winner in his TED talk, talking about the microfinance industry. The subcontinent has now forced the system not just to stand on its feet, but also to start walking. The Indian microfinance industry has come a long way.

Expansion will see 20 branches by 2018.

India’s bid to boost lending allows corporations to open banks.

Layoffs part of the bank’s plan to wind down its retail and commercial operations in India.

Banks will need significant amounts of capital to meet Basel III norms.