India
India's FC upgrade affects 14 banks
The recent upgrade of India's foreign currency deposit ceiling also improved that of its banks. Moody’s Investors Service also upgraded the long-term FC deposit ratings of 14 Indian banks to Ba1 from Ba2.
India's FC upgrade affects 14 banks
The recent upgrade of India's foreign currency deposit ceiling also improved that of its banks. Moody’s Investors Service also upgraded the long-term FC deposit ratings of 14 Indian banks to Ba1 from Ba2.
Bank of Ceylon earns 34% more
Bank of Ceylon’s post-tax profit for end of 2009 grew by US$4.4 million to US$17.4 million. The figure is a 34 percent increase from US$13 million in 2008, amid a challenging economic situation.
India’s finance minister: Government to sponsor banks merger
Indian government ensures its support provided that public sector banks would meet regulators' guidelines.
ICICI to obtain Singapore’s nod for full operation
ICICI eyes to operate in Singapore after getting clearance to operate in Britain and Canada.
Reserve Bank of India loosens bad debt provision
Regulator gave in to bankers' appeal for easier dispensation that reduces pressure on banks.
State Bank of India to add overseas branches
Additional 23 branches will give State Bank of India the distinction as Indian bank with largest foreign presence.
IDBI Bank names Canara Bank as merger target
IDBI Bank believes the union would increase likelihood of expanding presence in three states.
India seeks advice on banking consolidation
Finance Ministry has requested public sector banks' counsel on the move despite RBI's adverse stand.
Moody's outlook for Indian banks remains negative
Indian banking credit outlook remains negative reflecting the challenging economic conditions, problem loans, and adverse implications for asset quality.
Punjab National Bank eager to expand insurance operations
Dissolving JV with Vijaya Bank and Principal Group would enable Punjab National Bank to become more competitive.
State Bank of India bests competitors due to loan schemes
State Bank of India's effective strategies have become the key for the bank's dominance in certain sectors.
StanChart India beefs up shares advisory operations
South Asia CEO wants to tap share selling that has generated $3.11 billion this year.
Punjab National Bank finds no takers for PNB Gilts
Lack of buyer leaves PNB to acquire PNB Gilts as an option.
Allahabad Bank retains its conservative growth strategy
Present de facto CEO continues to adopt bottomline growth strategy introduced by his predecessor.
Bank of Baroda commences life insurance business
Bank of Baroda enters the industry via a joint venture with Andhra and a U.K. company.
State Bank of India to raise $300mln loan for HCL Tech
According to a source, India's largest lender plans to market the syndicated loan in UK. State Bank of India is in talks to raise a $300 million syndicated loan for software company HCL Technologies Ltd., a person close to the development said Nov. 10 in a report in Wall Street Journal. The loan is expected to be raised at 425 basis points above the London Interbank Offered Rate, the person told Dow Jones Newswires, asking not to be named. The loan will have a five-year tenor and the state-run bank will market it in the U.K., the person added.
ICICI, Temasek may revive Firstsource sale
Plans may be in the works for Singaporean state investor and Indian ICICI bank to sell their stakes in Firstsource Solutions.
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