India
SBI selects 2 US firms for POS terminals
SBI selects 2 US firms for POS terminals
Lender picks Visa International and Elavon to distribute 600,000 POS terminals over the next 5 years.
StanChart India share issue seeking anchor investors
Lenders holding StanChart's IDR started sourcing anchor investors from foreign investors, local banks and mutual funds.
ICICI, HDFC violate foreign investment rules
India's commerce and industry minister said decision meant to force lenders to shore up domestic shareholding.
HDFC profit up 31% to $660.92mln
Net interest income for the quarter soared 27% driven by loan growth.
Punjab National Bank taps Punjabi immigrants in Canada
Lender focuses on retail markets after learning from its success in British market.
ICICI Bank plans hiring 7,000 people in 2010
Recruits will be deployed to man new branches while declaring bonus and increments for old employees.
Bank of Baroda Q4 profit up 20%
Steady performance coupled by one time stake sale has driven lender’s net profit up at $204mln.
Minister says Indian banks had Dubai World exposure
Country's finance minister allayed fears on $537mln exposure as Indian banking system was sound and resilient.
HDFC Bank 4Q profit up 33% at $188mln
The above market expectations figures were driven by higher margins and loan growth.
ICICI Q4 profit up 79% at $303mln
Lender's net profit jumped while total income slid by almost 5%.
HDFC brings back its teaser loans
Home loans have rates from 8.25% in 2010-2011 to 9% in 2012 to maintain market position.
Punjab National launches massive financial inclusion scheme
India’s Finance Minister introduced Project Namaskar to garner 100,000 touch points through 100% core banking solution.
India’s top banks expected posting 13% profits growth
HDFC eyed to lead the pack with 31% profits growth as banking sector returns to normalcy.
India’s Union Bank postpones $350mln fund-raising move
Financial crisis in Greece prompts lender to put off lender’s bond sale.
India’s central bank may save “foreign” HDFC, ICICI
Reserve Bank of India may provide them relaxation by tagging them as foreign-owned Indian banks.
HDFC intensifies online security to widen reach
Low-risk online transactions are now covered by lender’s Security Access as part of lender’s IT spending.
India’s Union Bank hires banks for bond sale
Lender’s selection of 4 banks to offer dollar bonds part of its $2bln medium-term notes programme.
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