India

Should Malaysian regulator approve the BoB, IOB and Andhra JV, the operations will start in June.

Bank of Maharashtra's operating profit for the third quarter of current financial year stands at US$172.7 million.

ICICI Bank Ltd, India’s largest private sector bank, and the Indian Army today signed a Memorandum of Understanding on extending the modern banking products and services to the army personnel.

IDBI Bank reported a net profit of US$99 million for the quarter ended December 31, 2010.

Sri Lanka's Amana Bank ATL.CM on Wednesday said it had received central bank approval to start the island nation's first Islamic commercial bank.

DBS India will go retail with savings bank account, as it awaits RBI's final guidelines on foreign banks.

The lender’s CEO is set to be honored by the Indian government with the Padam Bhushan to recognize his leadership skills.

The new product is seen to further boost deposit growth after the bank’s 17% surge.

UBI targets to raise more than $129.5mln following concerns that Indian companies may face rising borrowing costs after selling $11bl of overseas bonds.

ADB, IFC, Citibank and MCB Bank will help boost Pakistan’s textile industry.

SBI is also seeking to acquire an Indonesia bank in cash deal not exceeding US$100mln.

Sethi has been appointed as director for a period of five years replacing Nagesh Pydah.

 

Despite concerns, Fitch has retained highest long-term rating of SBI at AAA with stable outlook.

Banking giants ICICI Bank and Standard Chartered are among the 11 interested.