India

The lender’s chairman is driven to choose the subcontinent above any other country.

Union Bank's IPO for US$3.389 million of stock in Sri Lanka's Union Bank has drawn 225 subscriptions amounting to US$759 million.

Sindhu Bikas Bank became the first development bank to sign the deposit insurance agreement with Deposit and Credit Guarantee Corporation for the insurance of savings and fixed deposits.

The lender’s aggressive moves in its diversified nature of its business propelled growth in India.

The four state-owned commercial banks and two specialized banks in Bangladesh  have disbursed 40% of special agricultural loans within seven and a half months.

Grameen Bank Chairman Muzammel Huq said that founder of the bank Nobel laureate Prof Muhammad Yunus is still holding his post as managing director.

The government’s move targeted to improve Tier-I capital to 8% and to escalate growth of state-owned banks.

The lender got 8.5 times the value of its target of its $223.2mn issue aimed to meet its assets growth.

The initiative aims to cover more than 50% of the population who does not have bank accounts.

The lender eyes 10% customer base boost as it set to launch 34 new branches befor the year-end.

The bank's is optimistic as the growth of Bharat is driven by implementation of India's agricultural reforms.

The lender wants to expand reach to rural masses by appointing business facilitators or business correspondents.

MCB Bank, its sponsors and Arif Habib shareholders signed the proposed merger agreement of their asset management companies.

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.

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.

Should Malaysian regulator approve the BoB, IOB and Andhra JV, the operations will start in June.