News
IDBI Banks' Q1 net profit up 33.61 percent
IDBI Bank reported a net profit of Rs.3,351 million for the quarter ended June 30, 201.
IDBI Banks' Q1 net profit up 33.61 percent
IDBI Bank reported a net profit of Rs.3,351 million for the quarter ended June 30, 201.
CUB to expand reach, but will remain a 'cub,' says CEO
City Union Bank will be setting up more branches and ATMs this fiscal.
Indian Bank needs $500M for Lanka, Singapore and HK operations
Indian Bank will raise a loan of up to $500 million for its overseas operations.
Punjab National Bank quarterly net profit up 3.46%
Punjab National Bank posted a net profit of Rs.1,105 crore for the quarter ended June 30.
UCO Bank Q1 net profit up 12.42 percent
UCO Bank reported a net profit of Rs.292 cror for April to June, representing a 12.42 % year-on-year growth, according to Yahoo News.
HDFC Bank plans offering more credit cards to non-account holders
Rising demand for recently released Infinia card prompted the lender to come out with variants.
Vietnam's Smartlink expands connection for nine more banks
Nine commercial joint stock banks have joined the Smarlink connection in July.
Chinese banks pursue full bank licenses in Singapore
Chinese officials urged Singapore to consider issuing Qualifying Full Bank licenses to the Singapore branches of two Chinese banks, the Bank of China and the Industrial and Commercial Bank of China.
Maybank remains uninterested in RHB deal
RHB said a potential merger with Maybank or other lenders could be considered if valuations are right.
HSBC posts $6.8B first half pre-tax profit in Asia
HSBC's businesses in Asia delivered profits before tax on a reported basis of US$ 6.8 billion in the first half of 2011.
CIMB Niaga to offer Commidity Murabahah deposit
CIMB Niaga plans to roll out a new Syariah product, Commodity Murabahah deposit, possibly by end of this year.
CIMB penetrates Indian Market
CIMB Group has entered into the Indian market with the opening of its Mumbai office.
Woori Finance returns to profit in 2nd quarter
Woori Finance returned to profit in the second quarter on a sharp rise in non-interest income.
HSBC’s pre-tax profits amount to a whopping US$6.8b in Asia
Hong Kong delivered the highest profit of US$3.1b.
Bank Mandiri expects small loans surge by 25%
Indonesia’s average annual 6% growth opens up opportunities for more small loans.
Maybank takes over 84% stake in Kim Eng Securities Thailand
Maybank’s subsidiary had no plan to delist from the Thailand’s stock exchange as a free float of 15% was still held by retail investors.
China regulator: Loan provision of banks not enough
CBRC raised concern that $1.7 trillion of lending to local governments may trigger a series of bad debts that could lead to another banking bailout.
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