India

India was not in favour of fund raising via rights issue since it would entail additional expenditure for the government.

Money Expo 2011 will be held in Kathmandu from Sept. 12 to 14 as the first ever event in Nepal dedicated to promoting investment opportunities and wealth protection strategies. The three-dayexpo will have more than 100 stalls, including that of financial sector regulators, stock exchange, commodities exchanges, banks and financial institutions, investment and remittance companies, among others, said the organizers at a press meeting. More than 50,000 people are expected to visit the expo, reports Xinhua News. "The expo also aims to strengthen business-networking for financial sector players and their constituents by providing opportunity to speak directly with leading experts," said the organizers. The expo will feature seminars and lectures from financial experts, regulators, analysts and successful investors.

Slowdown in sectors such as real estate fuelled more concerns of a potential further rise in asset quality issues.

Non-resident Indians can now easily track exchange rates, as well as track their money transfer request via their mobile phones.

State Bank of India can continue its growth this financial year even if the Indian government's proposed capital infusion doesn't take place, a top executive said Tuesday.

Muthoot Group will open 50 branches in West Bengal by March 2012.

India Infrastructure Finance will take over 6 billion rupees worth of loans from state-owned lender,IDBI Bank.

ICICI Bank has been asked to pay a fine and return the amount deducted from a customer.

He will be responsible for driving the company's business in Saudi Arabia, which is the largest target market in the Middle East.

The bancassurance tie-up will offer simple and technology-enabled customized products.

The lender’s senior executives believe that the global economic crises could be favourable to the Indian banks operating overseas.

The kiosk will further enhance customer convenience and self dependence by offering various services without the intervention of bank employees.

Indian Overseas Bank will be raising up to Rs 3,500 crore in core tier-I capital over the next three years to fund expansion.

Corporation Bank is in the process of according special and exclusive services for senior citizens.

The lender plans to open 147 branches in remote areas such as Kashmir, North East and Rajasthan.

The lender is committed to top Global Markets operations in India through appointment of several senior executives.