India

Move to leverage infused amount to enable lending $16.8bln to productive sectors in the economy.

The government aid worth 62.11 billion rupees will be injected into five state-run banks for their capital and lending needs.

India government eyed to subscribe in the multibillion rights issue to take place in H2FY11.

PNB avails itself of services of four international banks after meeting with Taiwan and Singapore lenders.

Possible easing on banking regulation encourages up to 8 foreign lenders to establish unit.

EastNets enables lender to incorporate transactions over SWIFT payment gateway with its existing disaster recovery infrastructure.

Lender had $210mln shortfall from targeted $750mln behind new India rule and European debt crisis.

NBB entered an agreement with Oman International Exchange LLC to extend inward foreign currency remittance facility to Nepalis in Oman.

Sources said India’s largest international lender is offering 240mln IDRs to raise up to $587.42mln.

HNB's first quarter pre-tax profit increased to US$10.49 million from US$10.33 million in the same period last year. The Group's pre-tax profit for the period also improved to US$10.72 million from US$9.97 million amidst re-pricing of assets and liabilities taking effect, subsequent to the sharp reduction in interest rates in the final quarter 2009.

“Expensive” $668mln deal extends ICICI presence in India's northwestern desert state of Rajasthan.

Lender remains open to potential listings in various countries after filing prospectus to sell 240mln IDRs.

Lender's $413mln net profit below analysts' expectations as it allotted more funds for bad loans.

Plan submitted to India's central bank under financial inclusion programme for the year.

Lender joins other private firms to fund India's $1tln infra projects between 2012 and 2017.

Shareholders give approval for up to $1bln IDR offering while seeking anchor investors.