India

ANZ raised it standard variable rate by 6 basis points, or 0.06 percentage point, to 7.42percent, effective April 20.

Punjab National Bank's customers can will soon enjoy select banking services like updating of passbook 24 hours a day in all days of the week.

IOB is eyeing a credit growth of 16-18 percent and deposits growth of 18-20 percent in the current financial year.

India is on the top of HSBC's mind but laments the restriction of opening branches.

Banks are expected to be more prompt in crediting interest amount of Relief or Saving Bond investors.

Dhanlaxmi Bank will focus on increasing its retail business and cutting costs, CEO PG Jayakuma announced in trying to regain investor confidence.

Sirajul Haque Miah has been promoted as the deputy managing director of Exim Bank.

Janata Bank Nepal Limited has completed preparations for initial public offering.

The expansion plans of the Indian Overseas Bank (IOB) will reach out to other countries.

Vijaya will recruit about 1,200 clerical and officer staff annually to cover the 100 branches it will open every year.

Kanti Kumar has joined Prime Bank as deputy managing director.

Southeast Asia’s largest bank wants to broaden its reach in India.

Allahabad Bank has informed BSE that Shri D. Sarkar ceased to be the director of the Bank. The former Executive Director of the Bank has joined the Union Bank of India as Chairman and Managing Director of Union Bank of India with effect from April 01, 2012. The notification was given pursuant to the directions by the Govt. of India, Ministry of Finance, Department of Financial Services. Meanhwile, the bank has appointed Shri Tilak Raj Chawla as whole time director and designated as Executive Director of the Bank with effect from the date of his taking over charge of the post on or after April 01, 2012 till April 30, 2014 or until further order, whichever is earlier. Accordingly, Shri T. R. Chawla has taken over the charge of Executive Director of the Bank with effect from April 01, 2012 and will hold office upto April 30, 2014 or until further order, whichever is earlier.

Union Bank will focus on retail lending and aim at improving customer service, says its new CMD, D Sarkar.

The credit flow of 32 Nepalese commercial banks to various sectors dropped 5 percent in the first seven months of the current fiscal year.

Commercial Bank of Ceylon is planning to raise at least a billion rupees through sale of listed debt, but may sell more debt if the demand is higher.