India

DBS India will go retail with savings bank account, as it awaits RBI's final guidelines on foreign banks.

The lender’s CEO is set to be honored by the Indian government with the Padam Bhushan to recognize his leadership skills.

The new product is seen to further boost deposit growth after the bank’s 17% surge.

UBI targets to raise more than $129.5mln following concerns that Indian companies may face rising borrowing costs after selling $11bl of overseas bonds.

ADB, IFC, Citibank and MCB Bank will help boost Pakistan’s textile industry.

SBI is also seeking to acquire an Indonesia bank in cash deal not exceeding US$100mln.

Sethi has been appointed as director for a period of five years replacing Nagesh Pydah.

 

Despite concerns, Fitch has retained highest long-term rating of SBI at AAA with stable outlook.

Banking giants ICICI Bank and Standard Chartered are among the 11 interested.

 

ICBC and China Development bank grant funding to help Indian companies fund imports from China.

The global financial crisis spurred the bank to grow its local and international business operations.

Indian government kicks off move to replace chiefs of 8 banks that will retire next year.

India's central bank is discouraging "teaser loans" due to a higher risk of delinquencies.

Partnership with Nokia and Obopay allows users to store money safely, to send money and to make payments across locations.