India
Foreign insurance firms woo India's PSU banks
Foreign insurance firms woo India's PSU banks
MSIG, Manulife and Ergo are hunting for public sector banks to enhance their fee-based income as cushion from crisis.
State Bank of India sells dollar-denominated bonds
$850mln of five-year bonds SBI sold in October dropped to lowest in at least a month.
HDFC Bank targets more than 20% loan surge
Improving business and consumer confidence in economy helped lender meet its Q1 forecast.
State Bank of India spearheads airlines' debt restructuring
India's central bank to discuss with 13 banks about $13.5bln loan of country's aviation sector.
Uco Bank expects 33.4% FY2011 profit surge
Lender expects $289mln FY11 net profit driven by credit growth from large and mid-corporate sector.
HSBC boosts India presence by buying RBS businesses
The $1.8bln India expansion is part of the lender’s strategy to set up businesses in emerging markets.
World Bank to grant $1bln loan to India
India seeks amount to recapitalise its PSUs after receiving $2bln last year.
Rabobank divests $213mln stake in Yes Bank
Rabobank sells 11% stake to open bank focusing on agriculture, food, renewable energy and clean technology.
ICICI to acquire Bank of Rajasthan rural branches
Yet ICICI's ‘foreign-owned, Indian-controlled' tag could hamper change in sponsorship of MAGB.
India approves $1.34bln infusion in 5 PSU banks
Move to leverage infused amount to enable lending $16.8bln to productive sectors in the economy.
India to inject $1.32bln to state-run banks
The government aid worth 62.11 billion rupees will be injected into five state-run banks for their capital and lending needs.
SBI mulls launching $4.27bln rights issue in 2011
India government eyed to subscribe in the multibillion rights issue to take place in H2FY11.
Punjab National Bank hires banks for $100mln loan
PNB avails itself of services of four international banks after meeting with Taiwan and Singapore lenders.
More foreign banks eager to enter India
Possible easing on banking regulation encourages up to 8 foreign lenders to establish unit.
UCO chooses Xchanging to implement disaster recovery solution
EastNets enables lender to incorporate transactions over SWIFT payment gateway with its existing disaster recovery infrastructure.
StanChart earns $540mln from India sale
Lender had $210mln shortfall from targeted $750mln behind new India rule and European debt crisis.
NB Bank to remit money from Oman
NBB entered an agreement with Oman International Exchange LLC to extend inward foreign currency remittance facility to Nepalis in Oman.
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