India
Sheran Mehra appointed Head of Group Strategic & Marketing Communications at DBS Bank
Bank set on rapid expansion plans.
Kerala to establish Islamic finance institution
Receives go-ahead from the Reserve Bank of India.
Soaring NPLs pound Indian banks’ bottom line
Worst is yet to come.
Bank lending to Indian NBFCs virtually nil
RBI regulatory tightening blamed for slowdown.
Deutsche Bank appoints Michael Ormaechea, Bhupinder Singh as co-heads for AsiaPac corporate banking unit
Both will be based in Singapore.
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.
RBS makes two senior executive appointments for Asia units
Moves are latest senior-level changes.
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.