India

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.

The lender attributes positive growth to its healthy current accounts and savings accounts deposits level.

Government needs to subscribe big to maintain its stakeholding at the existing level.

The move has not been seen from any Indian lender since 1987.

Crisis provided opportunity for the lender to step up its international business operations.

The bank will meet investors in 9 European cities from Nov. 17 to sell five year debt.

HNB recorded a pre-tax profit of US$42 million and a post tax profit of US$25.9 million for the nine months ended September.

PACRA has upgraded the long-term rating of Bank AL Habib Limited to “AA+”. It also maintained the short-term rating at “A1+”. Meanwhile, the ratings of the unsecured, subordinated TFC issues have also been upgraded to “AA”. These ratings denote very low expectation of credit risk emanating from a very strong capacity for timely payment of financial commitments. The Pakistan Credit Rating Agency or PACRA ratings reflect the bank’s exceptional asset quality and robust financial profile, an outcome of management’s prudent risk management policies and low risk appetite. The management’s proactive stance towards strengthening its systems and controls and initiatives in product innovation, technology upgradation and outreach expansion have assisted growth prospects, while improving the bank’s relative positioning among peers. Meanwhile, the bank continues to sustain a strong foothold in its core area of focus – trade finance to commercial segment – despite intensifying competition.  

Allied Bank launched three renovated branches in Karachi - Finance & Trade Center branch, Khayaban-e-Ittehad branch and Merewether Tower branch.