India

IDBI Bank believes the union would increase likelihood of expanding presence in three states.

Finance Ministry has requested public sector banks' counsel on the move despite RBI's adverse stand.

Indian banking credit outlook remains negative reflecting the challenging economic conditions, problem loans, and adverse implications for asset quality.

Dissolving JV with Vijaya Bank and Principal Group would enable Punjab National Bank to become more competitive.

State Bank of India's effective strategies have become the key for the bank's dominance in certain sectors.

South Asia CEO wants to tap share selling that has generated $3.11 billion this year.

Lack of buyer leaves PNB to acquire PNB Gilts as an option.

Present de facto CEO continues to adopt bottomline growth strategy introduced by his predecessor.

Bank of Baroda enters the industry via a joint venture with Andhra and a U.K. company.

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.

Plans may be in the works for Singaporean state investor and Indian ICICI bank to sell their stakes in Firstsource Solutions.

The bank targets more than 20,000 employees for the bank’s expansion in the country.

Indian banks are likely to gain more than they lose from the latest step taken by the Reserve Bank of India to tighten provisioning norms.

Selling of shares aimed to raise funds to maintain bank's 12 percent capital adequacy ratio.

Reserve Bank of India's Q2 review prompts two India banks to defer 8 percent promo loans.

Chanda Kochhar, managing director and chief executive officer, said at the sidelines of a seminar on micro, small and medium enterprises (MSME):  “A lot of activities have come back in terms of re-starting projects. The fact that the projects are coming to financial closure indicates the sector will grow,” as reported in the Business Standard.