India
HDFC Bank offers salary accounts for Indian Army
Aside from $11,039 free life coverage, salary account’s other features includes pension accounts, wealth advisory services, as well as debit and credit cards.
HDFC Bank offers salary accounts for Indian Army
Aside from $11,039 free life coverage, salary account’s other features includes pension accounts, wealth advisory services, as well as debit and credit cards.
Indian Overseas Bank seeks Gulf expansion
The lender is planning to raise $1bn via medium-term notes in various tranches to increase its Tier-I capital in compliance to Basel II capital requirements.
3 Indian banks forms $58.4mn JV in Malaysia
Should Malaysian regulator approve the BoB, IOB and Andhra JV, the operations will start in June.
Bank of Maharashtra records 42.9 profit growth
Bank of Maharashtra's operating profit for the third quarter of current financial year stands at US$172.7 million.
ICICI Bank signs banking services MoU with Indian Army
ICICI Bank Ltd, India’s largest private sector bank, and the Indian Army today signed a Memorandum of Understanding on extending the modern banking products and services to the army personnel.
IDBI records net profit
IDBI Bank reported a net profit of US$99 million for the quarter ended December 31, 2010.
Sri Lanka's Amana gets commercial banking licence
Sri Lanka's Amana Bank ATL.CM on Wednesday said it had received central bank approval to start the island nation's first Islamic commercial bank.
DBS plans putting up India subsidiary
DBS India will go retail with savings bank account, as it awaits RBI's final guidelines on foreign banks.
ICICI Bank targets 500 branch openings yearly for 2-3 years
The lender’s CEO is set to be honored by the Indian government with the Padam Bhushan to recognize his leadership skills.
Union Bank of India offers new term deposit scheme
The new product is seen to further boost deposit growth after the bank’s 17% surge.
Union Bank of India starts offering Swiss bonds
UBI targets to raise more than $129.5mln following concerns that Indian companies may face rising borrowing costs after selling $11bl of overseas bonds.
ADB, IFC, Citibank, MCB boost Pakistan's textile sector
ADB, IFC, Citibank and MCB Bank will help boost Pakistan’s textile industry.
State Bank of India plans South Korea operations
SBI is also seeking to acquire an Indonesia bank in cash deal not exceeding US$100mln.
Punjab National Bank names Rakesh Sethi executive director
Sethi has been appointed as director for a period of five years replacing Nagesh Pydah.
SBI’s non-performing loans affects asset quality
Despite concerns, Fitch has retained highest long-term rating of SBI at AAA with stable outlook.
Deutsche Bank obtains 11 bids for India credit card unit
Banking giants ICICI Bank and Standard Chartered are among the 11 interested.
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