India
India cuts banks’ reserve ratio to jolt flagging economy
The Reserve Bank of India surprised everyone by reducing the amount of deposits banks must set aside as reserves effective March 10.
India cuts banks’ reserve ratio to jolt flagging economy
The Reserve Bank of India surprised everyone by reducing the amount of deposits banks must set aside as reserves effective March 10.
Sanima becomes India's 32nd commercial bank
Sanima Bank formally launched its operation as a category ´A´ financial institution, making it 32nd commercial bank in India.
Governance Risk and Compliance (GRC) – Appreciating the enigma around it
It was a financial services seminar with the agenda focused on recognising the triggers for the current financial environment. On the aside were two senior bankers who were not too comfortable that the previous session speaker tried to impress that banks were not having an adequate governance process inspite of the existence of an appropriate risk and compliance management system.
India not that worried about banks’ NPAs—yet
The central bank says the rising level of non-performing assets isn’t too scary at the present time.
Foreign banks to prop-up Indian SMEs
Foreign banks that today supply only 5% of India’s total lending will soon be required to provide some 40% of loans needed by small businesses and exporters.
India wants far stronger banks
The tough liquidity ratios that allowed India’s banking system to withstand the worst of The Great Recession will get even tougher.
Bangladesh's current account shows more surplus in December
Bangladesh's current account balance recorded more surplus in December due to more remittance inflow and increase in export.
Indian banks join M&A hunt in Europe
Japan isn’t the only country looking to strike M&A fortunes in Europe.
Pakistani banks failing to mobilise deposits
While Pakistani banks are earning profits, they failed to mobilise deposits which fell between June and November 2011 and in January 2012. There was a marginal rise in December.
State Bank of India posts profit but plagued by costly NPAs
Government-owned State Bank of India reported a welcome 15% rise in new profit during the quarter up to December 2011. But this was the only bit of good news for the quarter.
India's Bank of Baroda sees Africa as" center of growth"
Bank of Baroda plans to expand its African business with ten new branches in the next four to five months.
Indian banks asked to refrain from overvaluing houses on home loans
The Reserve Bank of India ordered all commercial banks to refrain from overvaluing houses while providing loans.
Pakistani banks to write off loans of rice millers, traders
The government of Pakistan will pick up 50 percent of the outstanding loans including mark-up of rice millers/traders.
India's ICICI gets $300M loan deal with Japanese banks
JBIC will provide $180 million, while SMBC and Bank of Tokyo-Mitsubishi UFJ are funding $120 million to ICICI Bank.
Indian banks face unfazed by 2G cancellations
Indian banks should be able to absorb loan-losses stemming from the cancellation of second-generation mobile licenses without materially impairing credit quality.
Andhra Bank net down 8% to $61.7M
Andhra Bank witnessed a decline of 8.45 per cent in its net profit at US$61.7 million for the third quarter ended December 31, 2011.
Corporation Bank's profit rises 5.2% at $81.9M
Corporation Bank posted a marginal 5.2 per cent increase in its net profit at US$81.9 million for the third quarter ended December.
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