India
HSBC boosts India presence by buying RBS businesses
The $1.8bln India expansion is part of the lender’s strategy to set up businesses in emerging markets.
HSBC boosts India presence by buying RBS businesses
The $1.8bln India expansion is part of the lender’s strategy to set up businesses in emerging markets.
World Bank to grant $1bln loan to India
India seeks amount to recapitalise its PSUs after receiving $2bln last year.
Rabobank divests $213mln stake in Yes Bank
Rabobank sells 11% stake to open bank focusing on agriculture, food, renewable energy and clean technology.
ICICI to acquire Bank of Rajasthan rural branches
Yet ICICI's ‘foreign-owned, Indian-controlled' tag could hamper change in sponsorship of MAGB.
India approves $1.34bln infusion in 5 PSU banks
Move to leverage infused amount to enable lending $16.8bln to productive sectors in the economy.
India to inject $1.32bln to state-run banks
The government aid worth 62.11 billion rupees will be injected into five state-run banks for their capital and lending needs.
SBI mulls launching $4.27bln rights issue in 2011
India government eyed to subscribe in the multibillion rights issue to take place in H2FY11.
Punjab National Bank hires banks for $100mln loan
PNB avails itself of services of four international banks after meeting with Taiwan and Singapore lenders.
More foreign banks eager to enter India
Possible easing on banking regulation encourages up to 8 foreign lenders to establish unit.
UCO chooses Xchanging to implement disaster recovery solution
EastNets enables lender to incorporate transactions over SWIFT payment gateway with its existing disaster recovery infrastructure.
StanChart earns $540mln from India sale
Lender had $210mln shortfall from targeted $750mln behind new India rule and European debt crisis.
NB Bank to remit money from Oman
NBB entered an agreement with Oman International Exchange LLC to extend inward foreign currency remittance facility to Nepalis in Oman.
StanChart tags Indian Depository Receipts at $2.13-$2.44
Sources said India’s largest international lender is offering 240mln IDRs to raise up to $587.42mln.
Hatton records Rs.652.8 million post-tax profit
HNB's first quarter pre-tax profit increased to US$10.49 million from US$10.33 million in the same period last year. The Group's pre-tax profit for the period also improved to US$10.72 million from US$9.97 million amidst re-pricing of assets and liabilities taking effect, subsequent to the sharp reduction in interest rates in the final quarter 2009.
ICICI bank to take over Bank of Rajasthan
“Expensive” $668mln deal extends ICICI presence in India's northwestern desert state of Rajasthan.
StanChart applies for listing in India
Lender remains open to potential listings in various countries after filing prospectus to sell 240mln IDRs.
State Bank of India profit down 32%
Lender's $413mln net profit below analysts' expectations as it allotted more funds for bad loans.