India

Non-resident Indians can now easily track exchange rates, as well as track their money transfer request via their mobile phones.

State Bank of India can continue its growth this financial year even if the Indian government's proposed capital infusion doesn't take place, a top executive said Tuesday.

Muthoot Group will open 50 branches in West Bengal by March 2012.

India Infrastructure Finance will take over 6 billion rupees worth of loans from state-owned lender,IDBI Bank.

ICICI Bank has been asked to pay a fine and return the amount deducted from a customer.

He will be responsible for driving the company's business in Saudi Arabia, which is the largest target market in the Middle East.

The bancassurance tie-up will offer simple and technology-enabled customized products.

The lender’s senior executives believe that the global economic crises could be favourable to the Indian banks operating overseas.

The kiosk will further enhance customer convenience and self dependence by offering various services without the intervention of bank employees.

Indian Overseas Bank will be raising up to Rs 3,500 crore in core tier-I capital over the next three years to fund expansion.

Corporation Bank is in the process of according special and exclusive services for senior citizens.

The lender plans to open 147 branches in remote areas such as Kashmir, North East and Rajasthan.

The lender is committed to top Global Markets operations in India through appointment of several senior executives.

The lender targets $3.1bn if the government retains its 59% stake, $2bn for 51% and $2.43bn for 55%.

Yet the lender’s net interest margin slid to 4.11% which sliced down a substantial amount of net interest income.

Officer of Ministry of Finance and deputy governor of Reserve Bank of India has been appointed as directors.