India
Punjab National Bank opens Sydney office
Punjab National Bank opens Sydney office
The booming bilateral trade between India and Australia opens door to the lender’s entry in Sydney.
Prudential mulls increasing its 26% stake in ICICI
Indian government seen to allow foreign insurers to raise their stakes.
Reserve Bank of India deems rate hikes necessary
DBS expects RBI to raise policy rates to 8.5% by December 2011.
ICICI keen on foreign currency bonds
The bank is exploring fund-raising opportunities in currencies like the Swiss franc and the Japanese yen.
StanChart India attributes its IDRs’ performance to ‘impurities’
Though the IDR issue fell below expectations, it worked out perfectly well for the bank.
HDFC Bank unveils new personal loan product
‘Swift’ enables the lender to cut loan processing to 24 hours.
Bank of Baroda inaugurates 2 branches in Pune
Aside from expanding, the bank continues to evolve by bringing in new technology products.
ICICI Bank plans hiring 6,000 people
The lender adds branches as its business grew 20%.
Reserve Bank of India to hike policy rates on September 16
The RBI will likely pause after a final 25bp hike in policy rates on September 16 and cut 75bp from April onward.
Woori seeks licence to operate in India
The Reserve Bank of India has to allow at least 12 foreign banks to open local branches every year.
ICBC gains foothold in India market
The lender is the first of China’s Big Four to secure license from India’s central bank.
Union Bank of India names Shri Suresh Kumar Jain as director
The banker will hold post from Sep 01, 2011 tol May 31, 2014.
State Bank of India seen to release overseas bonds
Yet the lender denied issuing a proposal to raise $5bn via offshore loans by December.
ICICI Bank unveils second Singapore branch
The lender would further concentrate on enhancing its presence in the corporate, commercial and wealth management businesses in Singapore.
Central Bank of India launches special deposit product
‘Cent Double’ scheme will give an annualised yield of 13.33%, valid between September 1 and December 31.
India urges lenders to restructure SME loans
The move comes at a time when several MSME units are struggling to service loans.
India central bank mulls imposing 49% overseas ownership cap for new lenders
RBI may also enforce new lenders to meet a minimum capital requirement of $109mn.
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