India

Zarai Taraqiati Bank Limited's new credit plan for fiscal year 2009-10 will amount to US$968 million for different development schemes.

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.

It’s good news for now as India's largest bank adds branches in rural areas and gaining market share against rivals like ICICI.

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 Bank intends to raise US$52.6 million over the next two years to fund its expansion plans with 70 additional branches.

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 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.

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.

No, really. And as well as an indefinite strike, union leaders want more money and a promise not to privatise India's largest bank.

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.

Sorry folks, but it's not the trading floor at Goldman Sachs. It is good news for India where the State Bank is looking to recruit 1300 staff next year as it grows to a $25 billion company.

India’s ICICI bank may face being labelled a foreign bank following changes to the country’s rules, and this could put pressure on its largest shareholder Temasek which owns around 20 percent of the bank.

For its first nine months of operations, Canara HSBC garnered US$60.25 million in gross written premiums.

The State Bank of India has collected half a tonne of gold from customers under a "gold deposit" scheme designed to get gold out of homes and back into circulation.