India

IDBI to facilitate web-based auction

IDBI to facilitate web-based auction

IDBI Bank to enable one of its gilt account holders to participate in primary auctions through a newly launched web-based Negotiated Dealing System auction.

Jamil appointed new DMD for United Commercial Bank

Mohammad Shawkat Jamil has been promoted as the deputy managing director of United Commercial Bank.

Some Indian banks misguiding investors on bad loans: Deputy Governor

Reserve Bank deputy governor K C Chakrabarty criticized banks for misguiding investors for the past five years by not giving your proper figures on non-performing assets.

HSBC to offload stakes in India's Axis Bank, Yes Bank

HSBC is on course to offload its entire 4.8% stake in Indian private banking major Axis Bank and its 4.8% stake in Yes Bank.

India fails to arrest rupee’s slide

India puts forward an underwhelming response to save the embattled rupee.

Bangladeshis deprived of bank loans due to govt borrowing: politician

Bangladeshi banks could no longer lend to clients due to excessive borrowings by the government.

Indian government assails downgrade of banks

India vents its anger on the stunning downgrade of some of its larger banks by Fitch Ratings, Ltd.

StanChart now approves Indian credit card applications online

Standard Chartered Bank now provides Indian clients the chance to apply for a card online and receive an 'Approval In Principle'  almost instantly.

Bank Al Habib maintains credit ratings

Bank AL Habib maintained its long term and short term entity ratings by the Pakistan Credit Rating Agency at “AA+” and “A1+”, respectively.

Syndicate Bank to focus more on retail banking, SME loans

Syndicate Bank is looking to intensify its fee income, retail and SME loans to boost its balance sheet.

AGVB to add 31 new branches

Assam Gramin Vikash Bank will to add 31 new branches in this fiscal year to its existing tally of 369 branch networks.

NIDC Bank asked to raise capital

NIDC has been asked by Nepal's central bank to increase its capital so that it could invest more and facilitate growth of productive industries.

Sampath Bank leads the way in fund transfers

Sampath Bank registered the highest outward volume contribution and highest growth rate in SLIPS.

Bank of Ceylon records $7.53B balance sheet

Bank of Ceylon recorded Rs one trillion or US$7.53 biilion balance sheet at the end May, becaming the first corporate entity in Sri Lanka to do so.

India targets to have one bank account per family

India attempts the impossible in banking to boost its floundering banking industry.

Urban Co-op Bank set to merge with Cosmos Co-op Bank

Urban Co-operative Bank has been given a nod the by Odisha government to merge with Cosmos Co-operative Bank.

Dena Bank to fund agri warehouses

Dena Bank will fund the creation of warehousing infrastructure by Star Agri in Tier 2 and 3 cities.