India
State Bank of India receives $1.9bn bids for bond issue
The lender got 8.5 times the value of its target of its $223.2mn issue aimed to meet its assets growth.
State Bank of India receives $1.9bn bids for bond issue
The lender got 8.5 times the value of its target of its $223.2mn issue aimed to meet its assets growth.
India paves way for branchless banking
The initiative aims to cover more than 50% of the population who does not have bank accounts.
HDFC Bank eyes 3G services to expand mobile banking
The lender eyes 10% customer base boost as it set to launch 34 new branches befor the year-end.
HDFC Bank capitalizes on rural India growth
The bank's is optimistic as the growth of Bharat is driven by implementation of India's agricultural reforms.
PNB plans to extend coverage to 4,700 villages by March '12
The lender wants to expand reach to rural masses by appointing business facilitators or business correspondents.
MCB merges with Arif Habib Investments
MCB Bank, its sponsors and Arif Habib shareholders signed the proposed merger agreement of their asset management companies.
HDFC Bank offers salary accounts for Indian Army
Aside from $11,039 free life coverage, salary account’s other features includes pension accounts, wealth advisory services, as well as debit and credit cards.
Indian Overseas Bank seeks Gulf expansion
The lender is planning to raise $1bn via medium-term notes in various tranches to increase its Tier-I capital in compliance to Basel II capital requirements.
3 Indian banks forms $58.4mn JV in Malaysia
Should Malaysian regulator approve the BoB, IOB and Andhra JV, the operations will start in June.
Bank of Maharashtra records 42.9 profit growth
Bank of Maharashtra's operating profit for the third quarter of current financial year stands at US$172.7 million.
ICICI Bank signs banking services MoU with Indian Army
ICICI Bank Ltd, India’s largest private sector bank, and the Indian Army today signed a Memorandum of Understanding on extending the modern banking products and services to the army personnel.
IDBI records net profit
IDBI Bank reported a net profit of US$99 million for the quarter ended December 31, 2010.
Sri Lanka's Amana gets commercial banking licence
Sri Lanka's Amana Bank ATL.CM on Wednesday said it had received central bank approval to start the island nation's first Islamic commercial bank.
DBS plans putting up India subsidiary
DBS India will go retail with savings bank account, as it awaits RBI's final guidelines on foreign banks.
ICICI Bank targets 500 branch openings yearly for 2-3 years
The lender’s CEO is set to be honored by the Indian government with the Padam Bhushan to recognize his leadership skills.
Union Bank of India offers new term deposit scheme
The new product is seen to further boost deposit growth after the bank’s 17% surge.
Union Bank of India starts offering Swiss bonds
UBI targets to raise more than $129.5mln following concerns that Indian companies may face rising borrowing costs after selling $11bl of overseas bonds.
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