India
India's bad loans up 54% in March
India's bad loans up 54% in March
NPAs of Indian banks rose by 53.5% from Rs 39,200 crore as of March 2011 to over Rs 60,100 crore on March 2012.
Axis ties-up with Bharti for mobile banking services
Bharti Airtel customers will now be able to open savings account in Axis Bank through their mobiles and cash deposits, transfers and withdrawals.
Allahabad Bank to boost Hong Kong operations
Allahabad Bank plans to revive its $500-million overseas bond sale plan to support its growing Hong Kong business.
Individuals to drive banking growth in India
India’s bankers remain confident that extending credit to individuals is the correct path to growth.
Sri Lanka's ComBank links ATMs to China UnionPay
The more than 500 ATM terminals in Sri Lanka of the Commercial Bank of Ceylon can now be utilized by holders of UnionPay credit and debit cards.
Depositors losing confidence at Nepal's finance companies
The deposits of Nepal's finance companies shrunk by over four percent in the first eight months of the current financial year.
People badly hit by closure of Nepalese banks, ATMs
It was the people that suffered most after banks in Baglung shut down their services due to security threats.
Nepal's Global Bank eyes category A status with merger
Global Bank approved its merger plan with IME Financial Institution and Lord Buddha Finance in a special general meeting.
Bandhan targets 30% growth
Bandhan Financial Services set a 30% growth target for 2012-13 after growing by 50% last fiscal.
India to further liberalise banking industry
The dire need to strengthen its banking industry is not lost on India.
Sri Lanka's Union Bank pre-tax profit up 28%
Union Bank reported an operating profit on ordinary activities before tax of Rs. 158.6 million.
Baroda hopes to maintain net interest margin at 3.41-3.61 %
Bank of Baroda hopes to achieve a net interest margin in the range of 3.41-3.61 percent in the current financial year.
Vijaya Bank focuses on low-cost deposit base
Vijaya Bank will focus more on increasing its low-cost deposit base as it aims a 20 percent growth in overall business.
ING Vysya Bank enters gold coin retailing
ING Vysya Bank announced plans to sell 24-carat coins of up to 10 grams.
Ratnakar Bank to add 50 branches this fiscal
Ratnakar Bank is targeting to add around 50 branches this fiscal with a majority outside Maharashtra.
India in denial over S&P downgrade of financial system
India seems hesitant to accept the reality of a negative rating from Standard & Poor's.
Nepal Bank gets govt approval to sell fixed assets
The government of Nepal has allowed Nepal Bank to sell fixed assets to replenish its capital.
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