India
Indian banks warned of prolonged credit pressures due to sharp currency slide
But there are 2 potential silver linings.
India to introduce four-tier banking structure
Will promote financial stability and resiliency.
India forms currency swap agreements task force
Intends to help bridge the current account deficit.
Ambani confident about profitability of his new bank
Claims bank will list in three years.
Indian banks’ profitability at its lowest since 2009
But the worst is yet to come.
Indian Central Bank issues liquidity infusion
Last week the Indian Central Bank took us by a surprise with some of the retrograde steps which calmed down the unrest in the fixed income and equity market.
ICICI Bank, Vodafone launch mobile banking service in Mumbai
Is aimed at the unbanked and under-banked.
India's first women’s bank to be capitalized at US$159 million
Will also have 25 branches.
Sheran Mehra appointed Head of Group Strategic & Marketing Communications at DBS Bank
Bank set on rapid expansion plans.
Kerala to establish Islamic finance institution
Receives go-ahead from the Reserve Bank of India.
Soaring NPLs pound Indian banks’ bottom line
Worst is yet to come.
Bank lending to Indian NBFCs virtually nil
RBI regulatory tightening blamed for slowdown.
Deutsche Bank appoints Michael Ormaechea, Bhupinder Singh as co-heads for AsiaPac corporate banking unit
Both will be based in Singapore.
State Bank of India names Arundhati Bhattacharya as CFO and MD
It’s the second senior level reshuffle in a month.
Bad loans hurt SBI’s profit
Fiscal year 2014 won’t be good for SBI.
11 new Executive Directors for Indian public sector banks
Ministry of Finance issues order for promotions.
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