India
SBI, State Bank of Indore tie-up asked for clarifications
Concerns prompted Indian government to look for details of the merger.
SBI, State Bank of Indore tie-up asked for clarifications
Concerns prompted Indian government to look for details of the merger.
ICICI Bank to divert assets into JV
ICICI enters a US$80 million joint venture deal with First Data.
DBS Bank ties up with Aviva India
The partnership would enable DBS to offer Aviva services to high net worth customers in India.
Ashraf butters up to Zardar, declares $24.14M profit
Zarai Taraqiati Bank made an unprecedented recovery during the previous year with an increase in profit by US$24.14 million from approximately US$6 million in the previous year.
Dhanalakshmi Bank launches Internet banking
Dhanalakshmi Bank is leveraging technology to spread its footprint across the country with its new Internet banking services.
Seylan's 1st half remittances reach $110.4M
Personalised service to Sri Lankan overseas workers allowed Seylan Bank to disburse US$110.48 million in remittances in the first semester.
Hatton National Bank's profit up 13% to US$15.39 million
Increased earnings from fixed income securities and customer deposits pushed Hatton National Bank's net interest income up by 18 percent to US$61.67 million.
Zarai Taraqiati pegs credit plan at $968M
Zarai Taraqiati Bank Limited's new credit plan for fiscal year 2009-10 will amount to US$968 million for different development schemes.
Honey, I shrunk the bank
India's ICICI Bank may have posted a profit last quarter, but deposits shrunk 6.4 percent even as it increased branches by 13 percent and its rivals gained deposits.
State Bank of India profits up 42% to $481 million
It’s good news for now as India's largest bank adds branches in rural areas and gaining market share against rivals like ICICI.
Bank of Punjab gets US$123M capital boost from Punjabi govt
The Government of the Punjab contributed US$123 million as advance subscription money towards proposed increase in the Bank of Punjab’s paid up capital.
City Union eyes $52.6M for 70-branch expansion
City Union Bank intends to raise US$52.6 million over the next two years to fund its expansion plans with 70 additional branches.
J&K Bank revs up momentum with ATMs
Still on cloud nine over posting its highest profit ever of US$86 million, the Jammu and Kasmhir Bank dedicated four ATMs to Rajouri.
ICICI clients can now transact through mobile phones
ICICI Bank will facilitate mobile phone-based services to all ICICI Bank Debit and Credit Card customers. These will be done through electronic cards issued to the customers with mChek application on their mobile phone.
Only two of India's 19 nationalised banks are sufficiently capitalised
So the newly returned government is asking the World Bank for $3 billion to recapitalise 17 banks with tier 1 rations of under 14 percent.
State Bank of India staff threaten permanent strike
No, really. And as well as an indefinite strike, union leaders want more money and a promise not to privatise India's largest bank.
DBS not the only bank pulling out of HDFC
It may not have made any money on the sale of its 2.7 percent stake in HDFC for $263 million, but it wasn’t alone heading for the exit door.
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