India

Temasek could face pressure on ICICI stake

Temasek could face pressure on ICICI stake

India’s ICICI bank may face being labelled a foreign bank following changes to the country’s rules, and this could put pressure on its largest shareholder Temasek which owns around 20 percent of the bank.

Canara HSBC reports US$60.25M in premiums

For its first nine months of operations, Canara HSBC garnered US$60.25 million in gross written premiums.

Indian banks seek gold from customers' homes

The State Bank of India has collected half a tonne of gold from customers under a "gold deposit" scheme designed to get gold out of homes and back into circulation.