India

CIMB Niaga reported 33 percent surge in net profits in 2012.

 

Lakshmi Vilas Bank posted a 10.4 percent jump in net profits for the third quarter ending December 31, 2012.

China’s big banks benefit from the smallness of Indian banks.

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

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

Thanks to good asset quality performance.

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

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.

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

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

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

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

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

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

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