India

S&P scrutinizes IDBI's medium-term notes

Standard & Poor's assigned a 'BBB-' rating on the senior unsecured notes of IDBI Bank's proposed debt issues under the US$1.5 billion medium-term notes program.

S&P scrutinizes IDBI's medium-term notes

Standard & Poor's assigned a 'BBB-' rating on the senior unsecured notes of IDBI Bank's proposed debt issues under the US$1.5 billion medium-term notes program.

State Bank of India eyes growth in Japan

Lender is also eager to act as broker that facilitates collaboration between Indian and Japanese firms.

Union Bank of India considers launching 210 branches

Grand expansion plan targeting $65 billion business includes setting up ATMs and putting up operations abroad.

ICICI Bank Q3 net falls by 13.4%

Net profit drop due to absence of treasury income is still smaller than anticipated.

Indian central bank's push for rate cut resisted

Banks cite cost mismatch as reason to reject RBI's planned regulation of cutting home loan rates.

India banks ask interest rates to be stabilised

Bankers said the fall in loan growth below 10 percent may be aggravated once RBI increases rates.

Punjab National Bank website attacked by malware

Damages to customers' PCs have been done as hackers were able to penetrate PNB website.

Union Bank starts move to acquire Indonesian banks

Talks with 3 to 4 small-scale Indonesian banks are part of the Indian lender's overseas expansion scheme.

State Bank of India to beef up workforce

Lender plans employing 25,500 personnel this year.

Canara Bank to add branch in Britain

Canara is the sixth Indian lender to set up a branch in Leicester.

UCO Bank plans to open 100 mobile branches

The year-long expansion will enable the bank to provide low-cost services all over the country.

ICICI Bank, First Data forge partnership

The two firms synergize resources to form ICICI Merchant Services, a merchant acquiring alliance.

Indian banks have 40,000 job vacancies

Indian public sector banks need to fill in vacancies caused by business expansion, resignations and retirements.

Oriental Bank of Commerce plans putting up HK office

Hong Kong opens colossal break in OBC's global expansion efforts.

Pre-payment penalty for Axis Bank home loans removed

Axis respects customers' right of choice even when they shift a loan to a competing bank.

Housing Development Finance Corp appoints new chief

Keki Mistry replaces Deepak Parekh as HDFC’s CEO on 31 December after 16 successful years.

ICICI to focus on beefing up home loans

Bank joins bandwagon on profiting from the recovery of realty sector with a promo.