India
SBI raises $226mln from retail bond sale
SBI raises $226mln from retail bond sale
Investors bid for 20 times the bonds offered in the sale as SBI earlier targeted $112.22mln.
ICICI Bank offers cross-border remittance services
I-Express opens access through network of over 2,500 branches and 5,600 ATMs, and 55,000 Visa-enabled ATMs.
SBI customers to avail mobile money transfer service
SBI joins forces with Western Union to open service in its 12,000 branches across India.
State Bank of India to issue $226mln bonds
15 year upper Tier II can be sold 9% and 10-year lower Tier II 8.75%.
India government taps SBI for $11bln infrastructure fund
Government enforces measures on improving nation’s infrastructure after ranking 89th in Global Competitiveness Index.
SBI employees lag in bringing in business
$1.41mln average business brought by each employee below industry average despite above average salary expenses.
ICICI Investment Management raises $1mln from domestic investors
ICICI susidiary targets growth capital investments in the sub-Rs 1 crore category in mid-market companies, it added.
UCO Bank receives government funding for lending business
Lender in no hurry for follow-on public offering despite clearance for FPO would not expire.
HDFC receives clearance to operate in Hong Kong
Lender also looking to offer basket of global investment products to customers across Southeast Asia.
SBI wants increase in public sector bankers' salaries
Echoes RBI's comment that PSBs might lose talent to private sector lenders behind poor compensation packages.
RBI wants higher salaries to PSU banks' CEOs
India's central bank concerned that public sector may lose talent to private sector that offers crores.
India to appoint eight bank chiefs
Move follows finance minister's appeal to ensure vacancies in state-owned banks be filled immediately.
HDFC Bank plans to add 150 more branches
Lender wants to set up additional branches in rural areas and overseas.
SBI Capital to release $21.68mln SME fund
Fund to rope in private equity investment in SME's by providing them critical capital for growth.
HDFC targets to open 250 new branches
Lender plans to hold 150 ‘loan camps’ as it focuses on semi-urban and rural areas.
Punjab National Bank targets $1.12bln business in 2010
Estimate 21.1% higher than 2009 as lender will give priority to retail, agriculture and MSME sectors.
State Bank of India raises $1bln notes sale
Bonds to be issued through SBI's London branch and would be listed on Singapore Exchange.
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