India
ICICI Bank plans hiring 7,000 people in 2010
Recruits will be deployed to man new branches while declaring bonus and increments for old employees.
ICICI Bank plans hiring 7,000 people in 2010
Recruits will be deployed to man new branches while declaring bonus and increments for old employees.
Bank of Baroda Q4 profit up 20%
Steady performance coupled by one time stake sale has driven lender’s net profit up at $204mln.
Minister says Indian banks had Dubai World exposure
Country's finance minister allayed fears on $537mln exposure as Indian banking system was sound and resilient.
HDFC Bank 4Q profit up 33% at $188mln
The above market expectations figures were driven by higher margins and loan growth.
ICICI Q4 profit up 79% at $303mln
Lender's net profit jumped while total income slid by almost 5%.
HDFC brings back its teaser loans
Home loans have rates from 8.25% in 2010-2011 to 9% in 2012 to maintain market position.
Punjab National launches massive financial inclusion scheme
India’s Finance Minister introduced Project Namaskar to garner 100,000 touch points through 100% core banking solution.
India’s top banks expected posting 13% profits growth
HDFC eyed to lead the pack with 31% profits growth as banking sector returns to normalcy.
India’s Union Bank postpones $350mln fund-raising move
Financial crisis in Greece prompts lender to put off lender’s bond sale.
India’s central bank may save “foreign” HDFC, ICICI
Reserve Bank of India may provide them relaxation by tagging them as foreign-owned Indian banks.
HDFC intensifies online security to widen reach
Low-risk online transactions are now covered by lender’s Security Access as part of lender’s IT spending.
India’s Union Bank hires banks for bond sale
Lender’s selection of 4 banks to offer dollar bonds part of its $2bln medium-term notes programme.
India's ICICI, HDFC Bank to be treated foreign
RBI and other local banks appealed for government’s new policy on overseas investment but were rejected.
SBI hires 18,000 to mutual fund sales force
Move can make lender India’s biggest mutual fund marketing machine.
StanChart India to raise over $500mln via IDR
IDR listing will allow lender to build brand and develop business in India.
Hatton, SIB agree to improve remittance flow
Hatton National Bank signed an MOU with South Indian Bank to improve the remittance flow to India and Sri Lanka.
Union Bank partners with Belgian KBC Asset Management
Parties will invest $67mln for new mutual fund business targeted to launch in Q4 2010.
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