India

Union Bank of Colombo will be introducing a new state of the art Core Banking Solution that adds further value to improving its management processes and service delivery.

Mega Bank has announced a plan to enter into strategic alliance with leading banks in South Asia and other Asian countries within next five years.

The Reserve Bank of India released a database that will give information about branches and offices of commercial banks.

The Indian government is turning to its banking sector to prop-up its sagging economy.

The Indian government will come out with a policy decision  as regards the establishment of Islamic banks and finance institutions, according to WIEF Secretary-General Tan Sri Ahmad Fuzi Abdul Razak

Nagendra Murthy, erstwhile General Manager of the Credit Department of Tamilnad Mercantile Bank, has been named Managing Director.

HDFC Bank launched its credit cards for doctors' specific needs, as part of its plans to launch total one million credit cards in current fiscal.

The State Bank of India has done away with minimum balance criteria for saving banks account in order toattract new customers.

Indian Overseas Bank is waiting for the European crisis to stabilise to raise US$ 500 million through medium-term notes for funding its overseas operations.

Dena Bank has raised Rs 850 crore or US$153.9 million from bonds to fund business growth.

IDBI Bank to enable one of its gilt account holders to participate in primary auctions through a newly launched web-based Negotiated Dealing System auction.

Mohammad Shawkat Jamil has been promoted as the deputy managing director of United Commercial Bank.

Reserve Bank deputy governor K C Chakrabarty criticized banks for misguiding investors for the past five years by not giving your proper figures on non-performing assets.

HSBC is on course to offload its entire 4.8% stake in Indian private banking major Axis Bank and its 4.8% stake in Yes Bank.

India puts forward an underwhelming response to save the embattled rupee.

Bangladeshi banks could no longer lend to clients due to excessive borrowings by the government.