India

State Bank of India to beef up workforce

Lender plans employing 25,500 personnel this year.

State Bank of India to beef up workforce

Lender plans employing 25,500 personnel this year.

Canara Bank to add branch in Britain

Canara is the sixth Indian lender to set up a branch in Leicester.

UCO Bank plans to open 100 mobile branches

The year-long expansion will enable the bank to provide low-cost services all over the country.

ICICI Bank, First Data forge partnership

The two firms synergize resources to form ICICI Merchant Services, a merchant acquiring alliance.

Indian banks have 40,000 job vacancies

Indian public sector banks need to fill in vacancies caused by business expansion, resignations and retirements.

Oriental Bank of Commerce plans putting up HK office

Hong Kong opens colossal break in OBC's global expansion efforts.

Pre-payment penalty for Axis Bank home loans removed

Axis respects customers' right of choice even when they shift a loan to a competing bank.

Housing Development Finance Corp appoints new chief

Keki Mistry replaces Deepak Parekh as HDFC’s CEO on 31 December after 16 successful years.

ICICI to focus on beefing up home loans

Bank joins bandwagon on profiting from the recovery of realty sector with a promo.

India's FC upgrade affects 14 banks

The recent upgrade of India's foreign currency deposit ceiling also improved that of its banks. Moody’s Investors Service also upgraded the long-term FC deposit ratings of 14 Indian banks to Ba1 from Ba2.

Bank of Ceylon earns 34% more

Bank of Ceylon’s post-tax profit for end of 2009 grew by US$4.4 million to US$17.4 million. The figure is a 34 percent increase from US$13 million in 2008, amid a challenging economic situation.

India’s finance minister: Government to sponsor banks merger

Indian government ensures its support provided that public sector banks would meet regulators' guidelines.

ICICI to obtain Singapore’s nod for full operation

ICICI eyes to operate in Singapore after getting clearance to operate in Britain and Canada. 

Reserve Bank of India loosens bad debt provision

Regulator gave in to bankers' appeal for easier dispensation that reduces pressure on banks.

State Bank of India to add overseas branches

Additional 23 branches will give State Bank of India the distinction as Indian bank with largest foreign presence.

IDBI Bank names Canara Bank as merger target

IDBI Bank believes the union would increase likelihood of expanding presence in three states.

India seeks advice on banking consolidation

Finance Ministry has requested public sector banks' counsel on the move despite RBI's adverse stand.