India

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.

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.

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

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

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

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.

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

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

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

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

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