News

City Union Bank will be setting up more branches and ATMs this fiscal.

Indian Bank will raise a loan of up to $500 million for its overseas operations.

Punjab National Bank posted a net profit of Rs.1,105 crore for the quarter ended June 30.

UCO Bank reported a net profit of Rs.292 cror for April to June, representing a 12.42 % year-on-year growth, according to Yahoo News.

Rising demand for recently released Infinia card prompted the lender to come out with variants.

Nine commercial joint stock banks have joined the Smarlink connection in July.

Chinese officials urged Singapore to consider issuing Qualifying Full Bank licenses to the Singapore branches of two Chinese banks, the Bank of China and the Industrial and Commercial Bank of China.

RHB said a potential merger with Maybank or other lenders could be considered if valuations are right.

HSBC's businesses in Asia delivered profits before tax on a reported basis of US$ 6.8 billion in the first half of 2011.

CIMB Niaga plans to roll out a new Syariah product, Commodity Murabahah deposit, possibly by end of this year.

CIMB Group has entered into the Indian market with the opening of its Mumbai office.

 Woori Finance returned to profit in the second quarter on a sharp rise in non-interest income.

Hong Kong delivered the highest profit of US$3.1b.

Indonesia’s average annual 6% growth opens up opportunities for more small loans.

Maybank’s subsidiary had no plan to delist from the Thailand’s stock exchange as a free float of 15% was still held by retail investors.

CBRC raised concern that $1.7 trillion of lending to local governments may trigger a series of bad debts that could lead to another banking bailout.