India

A textile tycoon has been arrested over allegations of involvement in Bangladesh's largest banking scam ever.

HDFC Bank will double to US$1.90 the fee it charges on cash payments made to settle credit card bills starting November 1.

The Indian government has reassured the banking sector that the Banking Regulations Act will be amended to include rules liberalizing the issuance of new banking licenses.

For over 12 years, I have been associated with the development of Internet banking applications. In this article, I would like to share my views on the user experience aspect of Internet Banking applications and its future.

HDFC Bank tied-up with Indian Oil Corporation to make modern banking services available in semi-urban and rural India that remain inaccessible by the current branch network.

The retail equities broking license received by Yes Bank Ltd from India's central bank will intensify competition among banks for retail deposits.

India’s embattled banking sector could report a growth of 14.5% in Q2 earnings despite mounting bad debts and debt rollovers.

Given the massive funding requirement of infra sector (>$500b in the next decade by some estimates), the domestic banking sector is feeling the constraints in meeting these large debt requirements:

Kotak Mahindra Bank expects 50 percent growth on savings bank deposits on the strength of offering high rates of interests.

Corporation Bank will open 300 branches mainly in states like Gujarat, Rajasthan, Bihar, Punjab, Orissa and Jharkhand.

Barclays will shut three of its nine bank branches in India by end of September to reduce it retail banking operations in the country.

The recent reduction in bank's reserve ratios has increased consumer financing by India's largest banks.

87 percent of the world population is already powered with a mobile phone with 25% users already browsing on the internet on their mobiles. KPMG surveys indicate that the Asian region has already shown a growth of 3x for mobile usage on retail.

IDBI Bank plans to raise another USD 500 million through sales of foreign currency bonds to fund its overseas business growth.

CIMB Bank is still eyeing opportunities in India despite the cancellation of its proposed acquisition of RBS operations in India. 

ICICI Bank Ltd, India's largest private sector bank, has turned to using the renminbi to tap Asia's rich bond market.