India Ratings on Wednesday assigned AAA(SO) to Air India proposed Rs7400 crore non-convertible debenture.
United Overseas Bank Limited, the Malaysian bank on Wednesday appointed P V Ananthakrishnan as its country head for the bank's India operations.
The Reserve Bank of India on Tuesday permitted SIDBI to borrow overseas for on lending to micro, small and medium enterprises sector.
At least 5 senior execs have quit Dhanlaxmi Bank as the new management under PG Jayakumar cuts costs to re-focus business on profitability.
Standard Chartered Bank Group entity is set to invest $35 million in the non convertible debenture of Prime Focus Limited, a global visual entertainment services group.
ICICI Bank, India's largest private sector bank, on Thursday opened its second branch in Hong Kong. This is a retail branch.
Bank credit to companies and individuals grew by 15.9% at the end of September 2012 compared with the increase of 18.7% last year.
HongKong Shanghai Banking Corp is restructuring the consumer banking and wealth management business of its India operations, a top executive told ET.
Banks are also being advised to consider stipulating a limit on the unhedged position of corporates on the basis of bank's Board-approved policy,'' he said.
This announcement comes at a time when the banking sector is seeing a surge in corporate debt restructructing and rising bad loans.
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