India

Indian and Pakistani banks opening in each other’s country

Indian and Pakistani banks opening in each other’s country

Pakistan and India have agreed to allow bank operations on a reciprocal basis to facilitate trade between both countries that have a history of violent animosity.

State Bank of Pakistan introduces new set of prudential returns for banks

The State Bank of Pakistan introduced a set of prudential returns/statements for banks to enable it to effectively monitor and assess the risks posed by their relationship with the associated undertakings.

ICICI Bank to raise $500M through yuan

ICICI Bank plans to raise US$ 500 million through a Yuan bond being managed by Standard Chartered Bank.

Allahabad Bank to provide short term deposit plan at 7.6% rate

Allahabad Bank will offer a short-term deposit scheme for high-value customers.

Foreign inflows positive for Sri Lanka: central bank

Sri Lanka's Central Bank reported that foreign inflows including workers' remittances continued to hold up.

Growth in Indian realty loans drops to 4%

The waning interest of the Indian banking sector towards real estate lending is reflected in the loan exposure growth rate, which declined to 4 percent from 23 percent last year.

India's HDFC Bank launches 10,000th ATM

HDFC Bank launched its 10,000th ATM in India near Ajmer Sharif Dargah, a sacred shrine revered by people of all faith.

JS Bank to buy HSBC's Pakistani business

HSBC had agreed to sell its operations in Pakistan to the Asian country’s JS Bank Limited for an undisclosed sum.

Pakistan Post offers electronic money order service

Pakistan Post has launched an Electronic Money Order service at seventeen centres in ten districts of the country.

Pakistani banks write off $1.187B in loans

Pakistan's public and private banks and development finance institutions had written off loans amounting to Rs112.305 billion or US$1.187 billion over the past four years.

Bank of Baroda cuts home loan rates

Bank of Baroda reduced its home loan rates by 0.25 percent across all categories for both new and existing customers.

Indian banks' credit growth stagnant in first 5 months of FY13

Dampened investor sentiment caused Indian banks to experience almost stagnant credit growth in the first five months of the fiscal year starting April.

ING Vysya expects strong performance to continue

ING Vysya Bank's good asset quality will extends its good performance in the first quarter of FY13 through the rest of the fiscal.

5 factors affecting investments attracted by capital markets

Capital Markets are primarily driven by the exchange of Capital (in the form of cash or security) by those in need of Capital and by those offering it. The investment attracted by any Capital Market is influenced by many factors.

SBI ties up with the Japan Bank for International Cooperation

State Bank of India has signed an agreement that will allow it to support funding needs of Japanese companies in India.

Indian Banks need US$90B more capital under Basel III

Indian banks needs an additional US$90 billion to meet Basel III capital Requirements by March 2018.

Indian Bank to offer online school fee payment

Indian Bank will facilitate "online fee payment facility" for Tamil Nadu Open University .