India

Kerala to establish Islamic finance institution

Receives go-ahead from the Reserve Bank of India.

Bank lending to Indian NBFCs virtually nil

RBI regulatory tightening blamed for slowdown.

State Bank of India names Arundhati Bhattacharya as CFO and MD

It’s the second senior level reshuffle in a month.

Bad loans hurt SBI’s profit

Fiscal year 2014 won’t be good for SBI.

11 new Executive Directors for Indian public sector banks

Ministry of Finance issues order for promotions.

India could announce women’s bank next week

Will coincide with Independence Day on August 15.

SBI fined US$9,000 for violating currency chest norms

Second penalty in two months for State Bank of India.

Reserve Bank of India appoints Raghuram Rajan as governor

Dr. Raghuram Rajan will replace Dr. Subbarao from September 4.

RBI thumbs down request for exemptions

All new banking license applicants must comply with all norms.

ICICI Bank makes US$376.7 million net profit

Non-performing loans increase, however.

India will continue bond sales to sap liquidity

Pledges defense of rupee in a calibrated manner.

All Indian banks must have ATMs by 2014

Will allow rural customers easy withdrawals.