India
India’s financial services sector hit by Morgan Stanley downgrade
                                                                                                 
                        
                        	Rating cut to “cautious” from “in-line.”
                    
                                        
                    
                RBI fines 22 banks US$8.3 million
                                                                                                 
                        
                        	Banks penalized for breaking anti-money laundering and other regulations.
                    
                                        
                    
                ICICI will soon issue JPY bonds
                                                                                                 
                        
                        	Part of its strategy to diversify funding sources.
                    
                                        
                    
                Indian banks falling short of Basel III capital standards
                                                                                                 
                        
                        	Need to raise US$25 billion by March 2018.
                    
                                        
                    
                India intervenes to save rupee from free fall
                                                                                                 
                        
                        	Currency has lost 12% since April.
                    
                                        
                    
                Analysts predict Axis bank's slippage ratio to dip in FY14
                                                                                                 
                        
                        	As it has highest exposure to SME sector.
                    
                                        
                    
                Here's why most of the 26 Indian bank licence applicants are predicted to fail
                                                                                                 
                        
                        	The 40% priority-sector lending target could be tough.
                    
                                        
                    
                Twenty six firms apply for new Indian baking licenses
                                                                                                 
                        
                        	New licenses to be granted by March 2014.
                    
                                        
                    
                Sumitomo Mitusi backs Reliance’s banking license bid
                                                                                                 
                        
                        	Nippon Life Insurance also involved.
                    
                                        
                    
                UBS shuts down Indian banking unit
                                                                                                 
                        
                        	Reassessment of business strategy ignited decision to quit.
                    
                                        
                    
                SBI sees profit from bond sale
                                                                                                 
                        
                        	Will profit substantially from rupee plunge.
                    
                                        
                    
                Here's why it's high time for ethical banking in Asia
                                                                                                 
                        
                        		Ethics is more important in any profession. Without ethics an institution cannot run professionally, it can run only in its own way.
                    
                                        
                    
                India strengthening Exim Bank
                                                                                                 
                        
                        	Adds US$517 million to finance exports of heavy industry goods.
                    
                                        
                    
                State Bank of India to merge with subsidiary
                                                                                                 
                        
                        	India's largest bank not constrained by merger cost.
                    
                                        
                    
                ICICI Bank launches “HiSave”
                                                                                                 
                        
                        	Pays market-leading rate to selected savers.
                    
                                        
                    
                Axis Bank, IFC increasing trade finance for Indian SMEs
                                                                                                 
                        
                        	Will provide partial or full guarantees covering clients' payment risk .
                    
                                        
                    
                 
            	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                             
                     
                             
                     
                             
                             
                     
                             
           
                                 
                                 
                                 
               
                                     
                                     
                                     
 
                                                                                                
                                                
                                                                                                                                         
 
                                                                                                
                                                
                                                                                                                                         
 
                                                                                                
                                                
                                                                                                                                         
 
                                                                                                
                                                
                                                                                                                                         
                 
                 
                 
                 
                 
                 
                