India
Baroda hopes to maintain net interest margin at 3.41-3.61 %
Baroda hopes to maintain net interest margin at 3.41-3.61 %
Bank of Baroda hopes to achieve a net interest margin in the range of 3.41-3.61 percent in the current financial year.
Vijaya Bank focuses on low-cost deposit base
Vijaya Bank will focus more on increasing its low-cost deposit base as it aims a 20 percent growth in overall business.
ING Vysya Bank enters gold coin retailing
ING Vysya Bank announced plans to sell 24-carat coins of up to 10 grams.
Ratnakar Bank to add 50 branches this fiscal
Ratnakar Bank is targeting to add around 50 branches this fiscal with a majority outside Maharashtra.
India in denial over S&P downgrade of financial system
India seems hesitant to accept the reality of a negative rating from Standard & Poor's.
Nepal Bank gets govt approval to sell fixed assets
The government of Nepal has allowed Nepal Bank to sell fixed assets to replenish its capital.
Sri Lanka's Seylan Bank ups Q1 net profit by 59%
Seylan Bank reported a net profit-after-tax of Rs. 406.8 million or US$3.129 million in Q1 of 2012.
11 Indian banks downgraded by S&P
It’s not welcome news for banks anytime.
SBI aims 19-20 % credit growth
State Bank of India eyeing a credit growth of 19-20 percent in the current financial year.
HDFC Bank exceeds expectations with Q4 profit of $282M
HDFC Bank exceeded analysts' expectations with a 30.3 percent rise in fourth-quarter net profit of US$282 million or Rs 1453.
Citi makes $2.9B profit in Q1 with India, China stake sales
The sale of Citigroup stakes in India and China boosted the bank's revenue as it profited US$2.9 billion in the first quarter of 2012.
Australia's Westpac to open first branch in India
Westpac announced that it will open its first branch in India.
ANZ raises mortgage rates
ANZ raised it standard variable rate by 6 basis points, or 0.06 percentage point, to 7.42percent, effective April 20.
Punjab National Bank to offer 24-hour banking services
Punjab National Bank's customers can will soon enjoy select banking services like updating of passbook 24 hours a day in all days of the week.
IOB eyes 16-18% credit growth
IOB is eyeing a credit growth of 16-18 percent and deposits growth of 18-20 percent in the current financial year.
HSBC wants more business in India
India is on the top of HSBC's mind but laments the restriction of opening branches.
Indian banks to pay 8% on delayed Relief Bond interest payments
Banks are expected to be more prompt in crediting interest amount of Relief or Saving Bond investors.
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
