India
AGVB to add 31 new branches
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.
India preparing new policy roadmap for banking sector
India’s Ministry of Finance is working on a new policy framework for the country's banking sector.
Pakistani banks told to process cases of sugar export
The State Bank of Pakistan advised all authorised dealers in foreign exchange to process the cases of sugar export.
Electronic fund transfers in India to become free
The Indian government urged the Reserve Bank to find a way in making electronic fund transfers free of charge.
ING Vysya Bank offers new fixed deposit scheme
ING Vysya Bank is now offering an interest rate of up to 9.5 per cent per annum for one-year deposits.
Allahabad Bank targets 21% growth
Allahabad Bank has set a business growth target of 21.39 percent by end of the current fiscal.
Pakistan's central bank wants more focus on SMEs
State Bank of Pakistan Governor Yaseen Anwar wants banks to prioritize SME banking and ensure the uninterrupted flow of finances to SMEs.
Mergers increasing in Nepal
The Nepal Rastra Bank has approved the merger of two pairs of financial institutions to push the number merger approvals to 26.
India encourages banks to salvage junk assets
The Indian government wants has created new rules to encourage state-owned banks to salvage junk assets.
Sri Lanka expects foreign inflows to increase
Sri Lanka experienced positive first quarter foreign exchange earnings leading it to expect increased inflows this year.
Indian banks strive to meet Basel III
Indian banks are scrambling to raise the massive capital needed to comply with both Basel III and their own expansion plans.
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