India
India’s public sector banks target increased African presence
India’s public sector banks target increased African presence
Yet bankers doubt India’s capacity for a large exposure in fundings for mergers and acquisitions which is enjoyed by global banks.
SBI to employ over 5,000 officers
4,987 officers would be recruited for associate banks of the lender.
SBI plans $4.47bn rights issue by yearend
The lender secured government backing on the capital raising activity following posting of one of the lender’s lowest Q4 profit last month.
SBI recruits for 1,000 positions in rural areas
The move seeks to strengthen position in rural areas following the management’s dissatisfaction of the lender’s progress in these areas.
StanChart India top executives undergo reshuffle
Movement of ex-managing director Prakash Subramanian K V and Sandeep Behl to South east Asia is part of first phase of reshuffle wave.
Bank of Baroda targets 15 new international branches
The lender seeks to install new branches in Kenya, Tanzania, New Zealand, some other parts of Africa and Middle East.
India public sector banks to employ over 400,000
Hiring spree is prompted by the fact that a large chunk of 1mn PSB employees will retire in the next two years.
Power Finance Corp eyes foray in banking
Power Finance Corporation is actively seeking a role in the booming banking sector of India. It is in the process of appointing a consultant to guide the company through the entire process.
Punjab National Bank seeks buying 33% of MetLife India stake
PNB is keen on investing in an insurance company which would offer higher stake at an attractive price.
Hatton National Bank uses green concept in new building
Hatton National Bank will open Sri Lanka's country’s first green bank branch in Nittambuwa on June 2.
Action recommended against ex-Gurkha Bank officials
A meeting of the NRB Board of Directors on Tuesday recommended action against the former Gurkha Development Bank officials, employees and creditors as per the Banking Offense Act.
StanChart keen on expanding India’s M&A financing
The lender sees M&A financing as a huge area of growth despite being a highly competitive product.
Bank of Ceylon to expand globally
The Bank of Ceylon is to spread globally first into the 27 member European Union, then North America, Australia, New Zealand, Japan, Hong Kong and Singapore.
Bank of Ceylon Q1 net up 163%
Bank of Ceylon's March 2011 quarter net profit shot up 163.1 percent to almost 2.2 billion rupees from a year ago.
NDB March net up 102%
Sri Lanka's National Development Bank group's net profit for the first quarter doubled to 605 million rupees from a year ago.
ICICI Bank issues $1bn international bond in Dubai
The bond offering had an order book of US$2.7bn with interest from more than 220 investors.
State Bank of India fourth quarter profit down 99%
The huge drop resulted from tax expenses and provisions, which surged as it ended “teaser loan” program that charged borrowers below-market rates in the initial years.
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
