India

Deutsche Bank AG has reinforced the success of its banking operations in India with an equally large investment in future growth.

All won’t be well with India’s banks until after next year at the earliest.

The National Savings Bank recorded a 16% deposit growth in 2011, with its deposit base surpassing the Rs. 400 billion or US$3.2 billion mark.

Sampath Bank will infuse capital to support the fund base by securing a US $ 62.5 million syndicate loan from India's Bank Mascat.

The Reserve Bank of India surprised everyone by reducing the amount of deposits banks must set aside as reserves effective March 10.

Sanima Bank formally launched its operation as a category ´A´ financial institution, making it 32nd commercial bank in India.

It was a financial services seminar with the agenda focused on recognising the triggers for the current financial environment. On the aside were two senior bankers who were not too comfortable that the previous session speaker tried to impress that banks were not having an adequate governance process inspite of the existence of an appropriate risk and compliance management system.

The central bank says the rising level of non-performing assets isn’t too scary at the present time.

Foreign banks that today supply only 5% of India’s total lending will soon be required to provide some 40% of loans needed by small businesses and exporters.

The tough liquidity ratios that allowed India’s banking system to withstand the worst of The Great Recession will get even tougher.

Bangladesh's current account balance recorded more surplus in December due to more remittance inflow and increase in export.

Japan isn’t the only country looking to strike M&A fortunes in Europe.

While Pakistani banks are earning profits, they failed to mobilise deposits which fell between June and November 2011 and in January 2012. There was a marginal rise in December.

Government-owned State Bank of India reported a welcome 15% rise in new profit during the quarter up to December 2011. But this was the only bit of good news for the quarter.

Bank of Baroda plans to expand its African business with ten new branches in the next four to five months.

The Reserve Bank of India ordered all commercial banks to refrain from overvaluing houses while providing loans.