India
SBI hires 18,000 to mutual fund sales force
SBI hires 18,000 to mutual fund sales force
Move can make lender India’s biggest mutual fund marketing machine.
StanChart India to raise over $500mln via IDR
IDR listing will allow lender to build brand and develop business in India.
Hatton, SIB agree to improve remittance flow
Hatton National Bank signed an MOU with South Indian Bank to improve the remittance flow to India and Sri Lanka.
Union Bank partners with Belgian KBC Asset Management
Parties will invest $67mln for new mutual fund business targeted to launch in Q4 2010.
India public sector banks to open insurance business
Lenders take advantage of profitability of insurance and mutual funds operations in the long run.
State Bank of India mulls issuing retail bonds
Lender's launching of $11mln to $22mln seen as alternative way to bolster credit needs.
India plans injecting $2.1bln in public sector banks
Amount to be infused in Q1 prioritising lenders with 8% or above CAR.
3 Indian banks set to raise capital
Bank of Baroda, Bank of India and Corporation Bank eye acquiring total $1.2bln for expansion.
India asks legislators to trim State Bank stake
Selling 8.41% of its stake in lender aimed to generate $2.5bln needed for its growth.
StanChart aims India listing by end of March
Lender plans raising $750mln as it nears to become first foreign company to list in India.
SBI plans raising $4.3bln through rights issue
Amount will be added to lender's target of $10.8bln to satisfy India's growing loans demand.
India facilitates selection of public sector bank chiefs
Retirement of 10 PSB chiefs forced government to appoint one month ahead of schedule.
United Bank of India targets $72mln from IPO
Lender eyes raising the amount by offering 50 million shares worth between $1.3 to $1.43 each.
State Bank of India to lend $21.720 interest-free
SBI SMILE aims to encourage aspiring Indian entrepreneurs to open business by providing seed-capital.
Punjab National Bank mulls Indonesia operations
The lender capitalises on robust trade between India and Indonesia.
Reserved Bank of India backs ANZ Mumbai opening
Committee members approving foreign bank’s proposals for branch installation in the country unanimously favored ANZ's return.
India cancels plan for bank mergers and acquisitions
Central bank's aversion for consolidation of lenders spurs government to shelve moves to discuss M&As.
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