India

Yes Bank hiked its saving rate by 2% hours after the Reserve Bank of India deregulated savings rates.

ICBC's third-quarter net profit rose 28 percent, helped by an interest rate hike and strong growth in fee income. Reuters reported that the bank registered a net profit of 54.36 billion yuan in July-September from 42.16 billion yuan recorded during the same time last year, it said in a filing to the Hong Kong stock exchange. It was also in line with forecasts for a 54.5 billion yuan net profit, according to a Reuters poll of 12 analysts. Fee and commission income rose 43 percent from a year ago to 78.3 billion yuan. ICBC's investment banking arm is ICBC International, which snagged several high-profile deals including being joint bookrunner for CITIC Securities' $1.7 billion Hong Kong share sale. Net interest income rose 20.5 percent to 267 billion yuan, helped by a widening net interest margin. Higher interest rates typically help banks by allowing them to charge more for loans. Deposit rates are capped in China.

The lender’s total income was posted at $1.13bn during the quarter.

The lender joined its rivals in the move after the city received complaints from 64 card users.

Bank of Maharashtra announced its net profit for the second quarter is up by 92 per cent at Rs 100.42 crore compared from Rs 52.3 crore in the same period last year.

Union Bank of India reported a net profit of Rs.352.5 crore for the quarter ended Sep 30, 2011, increasing by 16.2 percent from Rs.303.4 crore of the same period of the previous financial year.

The move to impact banks which had expressed interest to float either insurance or asset management businesses.

The Indian bank to offering its 3rd credit card to 20,000 additional new customers per month.

Mr. Chalisgaonkar was picked to manage the lender’s SME business in India, which has a client base of more than 52,000.

The German development finance institution DEG has provided a loan of US$ 30 million repayable over eight years to DFCC Bank, Sri Lanka’s pioneer development bank.

The lender believes the move will make it uncompetitive.

Union Bank KBC has also launched a series of investor awareness programmes for mutual fund investors.

The lender doubled also extended 25 bps concessional home loans up to December.

The tie-up to cover securities activities such as equity and debt capital markets services, advisory services, private equity transactions, and wealth management.

The lender keen to execute the plan in a cautious and calibrated way despite plunge in profit.

Despite series of diminished profit in the previous quarters, the lender hopes to get $519.92mn second quarter profit.