India

The staff of HSBC India have come under the scanner for deficiencies in acting as "offshore reviewers" against money laundering and terrorist financing.

Swarnamahal Financial Services hopes to establish five more new branches during the new financial year, mainly to improve accessibility to its services in the North and East. The North and East showed exceptional growth during the financial year with strong demand at existing branches in Vavuniya, Jaffna, Batticaloa and Trincomalee.

State Bank of India will open up 56 Ultra Small Branches in 5 districts of Assam and one district of Manipur by the end of this month.

Mian Mohammad Mansha is keen about providing banking services in India.

Banks' credit grew just 1.2% in the first quarter of the fiscal year that began in April.

Citi is gauging public reponse about offering banking transactions through Facebook.

CIMB will not proceed with plans of acquiring RBS India assets due to "unexpected" legal hurdles.

HDFC reported 18.6 percent net profit at Rs.10,019.10 million for the quarter ended June 30 against Rs.8,445.30 million in the same period last year.

The deficit caused by rainfall has not caused any major worry on credit offtake for Dena Bank, although it could be a problem if it worsened.

India's public sector banks added about 5,000 branches in 2011-12, estimated to benefit seven crore customers in the country.

Union Bank of India intends to open three overseas branches by early 2013 to achieve this goal.

Indusind Bank has been slapped a Rs 15 lakh by ther Insurance Regulatory and Development Authority for violating corporate agency norms.

Union Bank of Colombo will be introducing a new state of the art Core Banking Solution that adds further value to improving its management processes and service delivery.

Mega Bank has announced a plan to enter into strategic alliance with leading banks in South Asia and other Asian countries within next five years.

The Reserve Bank of India released a database that will give information about branches and offices of commercial banks.

The Indian government is turning to its banking sector to prop-up its sagging economy.