News
South Indian Bank posts 36% rise in net profit
South Indian Bank posts 36% rise in net profit
South Indian Bank reported a 36% net profit increase to Rs 102 crore in the quarter till December 2011.
European banks slow down lending in ominous omen
European banks have begun lending less to Hong Kong in December, fueling fears the Eurozone contagion could be worsening.
Punjab National's total business reaches Rs 6.21 lakh crore
Punjab National Bank revealed that its total business reached Rs 6.21 lakh crore at the end of the third quarter of fiscal 2011-12.
Kotak Mahindra Bank's Q3 net profit up 47%
Kotak Mahindra Bank posted a 46.96% increase in net profit with Rs 276 crore for the quarter ended December 31, 2011.
Indonesia bolsters safeguards vs money laundering
Indonesia has required dealers of vehicles, real estate, and precious metals to report single day transactions totalling 500 million rupiah and above.
Bank of Ceylon to expand premier banking services
Bank of Ceylon will expand its Premier Banking network.
Chairman denies knowledge of plans to sell Bank Muamalat
The chairman of Bank Muamalat is unaware of plans to sell his bank to finance a stake in Proton Holdings.
DaiABank triples pretax profit in 2011 with VND502B
DaiABank announced a pretax profit of VND502 billion in 2011, up 300% on year.
HK Banks resilient: HKMA official
Hong Kong's banks are coping with global economic uncertainty.
Vietnamese banks attracted to Cambodian market
A favourable business environment is urging many Vietnamese banks to invest in Cambodia this year.
LienVietPostBank posts VND1.1T pretax profit, up 45%
LienVietPostBankc announced a pretax profit of VND1.1 trillion as of Dec 31, 2011, up 45% from last year.
DongA Bank's pretax profit up 46.3% in 2011 VND1.255T
DongA Bank's pretax profit increased 46.3% to VND1.255 trillion in 2011.
PG Bank posts VND608B pretax profit in 2011
PG Bank reported a pretax profit of VND608 billion in 2011.
Vietnam ATMs overwhelmed by numerous users
Vietnam's banks have to intensify measures in coping with a sudden surge in withdrawals at their ATMs.
RHB upbeat on OSK's regional branches
RHB Capital hopes to get Bank Negara's nod to a proposed merger with OSK Holdings by the early second quarter.
Singaporean banks asked to speed up security implementation
MAS urged banks to quickly implement new measures to enhance the security of the retail payment infrastructure.
Bankers beware: World economy faces catastrophic 2012
Europe stands poised to drag the world into another recession.
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