India
Twenty six firms apply for new Indian baking licenses
New licenses to be granted by March 2014.
Sumitomo Mitusi backs Reliance’s banking license bid
Nippon Life Insurance also involved.
UBS shuts down Indian banking unit
Reassessment of business strategy ignited decision to quit.
SBI sees profit from bond sale
Will profit substantially from rupee plunge.
Here's why it's high time for ethical banking in Asia
Ethics is more important in any profession. Without ethics an institution cannot run professionally, it can run only in its own way.
India strengthening Exim Bank
Adds US$517 million to finance exports of heavy industry goods.
State Bank of India to merge with subsidiary
India's largest bank not constrained by merger cost.
ICICI Bank launches “HiSave”
Pays market-leading rate to selected savers.
Axis Bank, IFC increasing trade finance for Indian SMEs
Will provide partial or full guarantees covering clients' payment risk .
India gives new banks more time to set up
Adds six months to start-up time.
India moves against rising restructured debt risk
Orders banks to boost reserves to 5% from 2.75%.
India issues clarifications on new bank licenses
Norms seem to favor large corporations, however.
Top Indian and Spanish banks sign cooperation agreement
MOU will support business operations of their clients.
Indian banking sector to spend 13% more on IT in 2013
Gartner, Inc. estimates spend at US$7.6 billion.
RBI should regulate all home loans
State Bank of India sees no need for a separate regulator.
Axis Bank to open first branch in China
Will also be the first Indian private sector bank branch in China.
Bank funding for Korean firms in India eased
Banks sign memorandum of understanding to support SMEs.
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Standard Chartered Hong Kong wins big at ABF Retail Banking Awards 2024
![Standard Chartered Hong Kong wins big at ABF Retail Banking Awards 2024]()
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The bank’s efforts and achievements have become a testament to its commitment to its colleagues and the communities it serves in.
The bank’s efforts and achievements have become a testament to its commitment to its colleagues and the communities it serves in.
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1. Labour force upskilling needed as SG nears 'super-aged' status 2. MAS, IBF working on gen AI job impact map 3. Australia’s P&N Bank scraps proposed merger with Beyond Bank 4. Australia’s P&N, Beyond Bank likely to seek other merger opportunities 5. Singapore’s financial sector employment rose 4,800 in 2023Events
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