India

Yet the lender’s net interest margin slid to 4.11% which sliced down a substantial amount of net interest income.

Officer of Ministry of Finance and deputy governor of Reserve Bank of India has been appointed as directors.

Commercial Bank opened its 200th branch in Kataragama. "Kataragama is an appropriate location for our 200th branch," Commercial Bank's Chief Operating Officer Ravi Dias said. "It attracts people of many faiths from all over Sri Lanka. The new branch will serve the needs of the thousands of visitors while enhancing the banking experience of the resident population. The new branch is equipped with two Automated Teller Machines that are linked to Commercial Bank's 430 other ATMs in Sri Lanka, and to more than one million ATMs of the Cirrus and Visa networks worldwide. It is also computer-linked to the Bank's all other branches and customer service points in Sri Lanka.  

Sri Lanka's Amana Bank will open its first Sharia- compliant commercial bank in 14 branches across the country.

Dubai-based Etisalat's Sri Lanka unit said it had inked a deal with with OpenArc, a Colombo-based information technology company to provide a mobile banking service. "At Etisalat we understand that a mobile telecommunication provider's role is changing," Etisalat chief executive Dumindra Ratnayaka said in a statement. OpenArc chief Daya Hettiarachchi said its software was secure and complied with Sri Lanka's central bank guidelines and could be used by any bank, finance company or other firm.

CIMB will be looking at investment opportunities for Malaysian and Asean companies to invest in India and vice-versa.

Hundreds of depositors gathered outside the Veershaiva Co-operative Bank's branch in Andheri in north Mumbai to demand their money back after the bank was taken over by the Reserve Bank of India.

Most banking transactions across India were affected by strikes of some one million staff.

The service can be accessed by the bank’s $256,718 debit card holders at 5,998 ATM outlets in 1,111 Indian cities.

Experts said NPA’s may grow more behind rising interest rates and demand slowing in pace with the economy.

The Jammu and Kashmir Bank posted a net profit of Rs.182 crore of Rs.1,820 million for the first quarter of this fiscal ending June 30.

 IDBI Bank reported a net profit of Rs.3,351 million for the quarter ended June 30, 201. 

City Union Bank will be setting up more branches and ATMs this fiscal.

Indian Bank will raise a loan of up to $500 million for its overseas operations.

Punjab National Bank posted a net profit of Rs.1,105 crore for the quarter ended June 30.

UCO Bank reported a net profit of Rs.292 cror for April to June, representing a 12.42 % year-on-year growth, according to Yahoo News.