News

Seeking funding overseas has lower costs compared with local loan rates but seen affect the domestic renminbi loan market.

Experts said NPA’s may grow more behind rising interest rates and demand slowing in pace with the economy.

Shinhan Financial's second-quarter earnings more than doubled from a year ago on a rise in non-interest income and lower loan-loss reserves.

The Jammu and Kashmir Bank posted a net profit of Rs.182 crore of Rs.1,820 million for the first quarter of this fiscal ending June 30.

 IDBI Bank reported a net profit of Rs.3,351 million for the quarter ended June 30, 201. 

City Union Bank will be setting up more branches and ATMs this fiscal.

Indian Bank will raise a loan of up to $500 million for its overseas operations.

Punjab National Bank posted a net profit of Rs.1,105 crore for the quarter ended June 30.

UCO Bank reported a net profit of Rs.292 cror for April to June, representing a 12.42 % year-on-year growth, according to Yahoo News.

Rising demand for recently released Infinia card prompted the lender to come out with variants.

Nine commercial joint stock banks have joined the Smarlink connection in July.

Chinese officials urged Singapore to consider issuing Qualifying Full Bank licenses to the Singapore branches of two Chinese banks, the Bank of China and the Industrial and Commercial Bank of China.

RHB said a potential merger with Maybank or other lenders could be considered if valuations are right.

HSBC's businesses in Asia delivered profits before tax on a reported basis of US$ 6.8 billion in the first half of 2011.

CIMB Niaga plans to roll out a new Syariah product, Commodity Murabahah deposit, possibly by end of this year.

CIMB Group has entered into the Indian market with the opening of its Mumbai office.