India

CIMB will not proceed with plans of acquiring RBS India assets due to "unexpected" legal hurdles.

HDFC reported 18.6 percent net profit at Rs.10,019.10 million for the quarter ended June 30 against Rs.8,445.30 million in the same period last year.

The deficit caused by rainfall has not caused any major worry on credit offtake for Dena Bank, although it could be a problem if it worsened.

India's public sector banks added about 5,000 branches in 2011-12, estimated to benefit seven crore customers in the country.

Union Bank of India intends to open three overseas branches by early 2013 to achieve this goal.

Indusind Bank has been slapped a Rs 15 lakh by ther Insurance Regulatory and Development Authority for violating corporate agency norms.

Union Bank of Colombo will be introducing a new state of the art Core Banking Solution that adds further value to improving its management processes and service delivery.

Mega Bank has announced a plan to enter into strategic alliance with leading banks in South Asia and other Asian countries within next five years.

The Reserve Bank of India released a database that will give information about branches and offices of commercial banks.

The Indian government is turning to its banking sector to prop-up its sagging economy.

The Indian government will come out with a policy decision  as regards the establishment of Islamic banks and finance institutions, according to WIEF Secretary-General Tan Sri Ahmad Fuzi Abdul Razak

Nagendra Murthy, erstwhile General Manager of the Credit Department of Tamilnad Mercantile Bank, has been named Managing Director.

HDFC Bank launched its credit cards for doctors' specific needs, as part of its plans to launch total one million credit cards in current fiscal.

The State Bank of India has done away with minimum balance criteria for saving banks account in order toattract new customers.

Indian Overseas Bank is waiting for the European crisis to stabilise to raise US$ 500 million through medium-term notes for funding its overseas operations.

Dena Bank has raised Rs 850 crore or US$153.9 million from bonds to fund business growth.