Retail Banking

Allahabad Bank post 23% net growth with cash recovery

Allahabad Bank post 23% net growth with cash recovery

Allahabad Bank reported a more than expected 23% net profit growth due to a Rs 120-crore cash recovery.

Retail banks brace for new wave of technology adoption

Global Banks have a grueling task of repositioning their business portfolio in view of financial upheavals in the wake of European crisis and...

South Korean banks brace for bleak profitability in 2012

The combined net income of South Korea’s banking system plunged 59% during the second quarter.

Chinese banks pledge more loans for real economy

China reiterates its promise to boost bank loans to the more productive sectors of its wallowing economy and away from real estate speculation.

ICICI Bank reports 36% net profit increase

A low risk strategy enables India’s ICICI Bank to post a net profit of US$327 million in the first quarter.

Punjab & Sind Bank suffer 62.5 % profit decline

Higher provisioning for bad loans pulled Punjab & Sind Bank'snet profit by 62.5 percent at Rs 24.03 crore for the first quarter ended June 2012.

HDFC push Q1 net profit up 25 %

HDFC recorded 25 percent rise in consolidated net profit at Rs 1,275.86 crore for the first quarter ended June 30, 2012.

State Bank of India's asset quality improves

State Bank of India's asset quality has improved from last year, according to Chairman Pratip Chaudhuri.

KB turns back on Woori sale

Plans to privitize Woori Finance fell through as no one applied for the preliminary bids for the 57 percent government stake.

India to get UK support in supervising British banks

UK's Financial Services Authority and the Reserve Bank of India mutually assist and exchange information in supervision of banks operating in both...

Public Bank's earnings on a declining momentum: Research

Public Bank's return on equity has peaked and is on a declining trend going forward, according to Alliance Research.

How will Indonesia's new ownership cap rules affect DBS' bid for Bank Danamon?

Analysts believe DBS' acquisition of Bank Danamon is likely to go ahead despite the new regulations - but on what grounds?

Thai banks' net profit to rise 27% this year

So which banks in Thailand will have the highest net profit growth in 2012?

India's state-run banks directed to optimize capital utilization

India's state-run banks has been directed by the Finance Ministry to assess capital requirements, including investments in JVs or subsidiaries.

Philippine Savings Bank push earnings up by 50%

The Philippine Savings Bank reported an earnings increase of 50 percent year-on-year to P1.38 billion in the first half.

SCB, Kbank tops among Thai banks in Q2 results

Siam Commercial Bank and Kasikornbank led Thailand's banks in net profits during the second-quarter.

HSBC to retreat from Vietnamese Bao Viet group

HSBC plans to sell the shares it is holding of Vietnamese Bao Viet, a big insurance group.