India
ICICI bank to take over Bank of Rajasthan
ICICI bank to take over Bank of Rajasthan
“Expensive” $668mln deal extends ICICI presence in India's northwestern desert state of Rajasthan.
StanChart applies for listing in India
Lender remains open to potential listings in various countries after filing prospectus to sell 240mln IDRs.
State Bank of India profit down 32%
Lender's $413mln net profit below analysts' expectations as it allotted more funds for bad loans.
SBI targets reaching 12,000 unbanked villages
Plan submitted to India's central bank under financial inclusion programme for the year.
ICICI Venture mulls launching $500mln infrastructure fund
Lender joins other private firms to fund India's $1tln infra projects between 2012 and 2017.
StanChart okays India listing bid
Shareholders give approval for up to $1bln IDR offering while seeking anchor investors.
SBI selects 2 US firms for POS terminals
Lender picks Visa International and Elavon to distribute 600,000 POS terminals over the next 5 years.
StanChart India share issue seeking anchor investors
Lenders holding StanChart's IDR started sourcing anchor investors from foreign investors, local banks and mutual funds.
ICICI, HDFC violate foreign investment rules
India's commerce and industry minister said decision meant to force lenders to shore up domestic shareholding.
HDFC profit up 31% to $660.92mln
Net interest income for the quarter soared 27% driven by loan growth.
Punjab National Bank taps Punjabi immigrants in Canada
Lender focuses on retail markets after learning from its success in British market.
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.
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