India

The financial services arm of India's Tata Group is on the lookout for profitable acquisitions.

Deposits of HCM City-based commercial banks are estimated to have reached 904.9 trillion dong  in March.

A more business friendly environment in Myanmar convinces the United Bank of India to do more business there.

Brazil, Russia, India, China and South Africa are ready to establish a development bank for investment risk-sharing.

Moody’s Investors Service downgrades the rating of Union Bank of India, one of India's largest state-owned banks.

Nepal wants the rural  branches of Rastriya Banijya Bank, Agricultural Development Bank and Nepal Bank Limited that were closed during 12-year Maoist conflict to be reinstated.

Deutsche Bank AG has reinforced the success of its banking operations in India with an equally large investment in future growth.

All won’t be well with India’s banks until after next year at the earliest.

The National Savings Bank recorded a 16% deposit growth in 2011, with its deposit base surpassing the Rs. 400 billion or US$3.2 billion mark.

Sampath Bank will infuse capital to support the fund base by securing a US $ 62.5 million syndicate loan from India's Bank Mascat.

The Reserve Bank of India surprised everyone by reducing the amount of deposits banks must set aside as reserves effective March 10.

Sanima Bank formally launched its operation as a category ´A´ financial institution, making it 32nd commercial bank in India.

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.

The central bank says the rising level of non-performing assets isn’t too scary at the present time.

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.

The tough liquidity ratios that allowed India’s banking system to withstand the worst of The Great Recession will get even tougher.