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India & Pakistan Banking News. Service for global professionals. Constantly updated news and information about India & Pakistan Banking.
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Latest India & Pakistan Banking News

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  • Gold Deposit Schemes are sparkling in India 24 Nov 2009 09:54 GMT
    ... various deposits schemes to use the yellow metal to make money or to take loan for you needs are multiplying across India. Almost all the banks in India—the largest consumer of gold in the world—have various gold deposits schemes running, offering people ...

  • Worried over weak dollar, India, China cut US debt holdings 24 Nov 2009 07:34 GMT
    ... two fastest-growing economies in the world — India and China are easing up on their investments ... the Reserve Bank of India (RBI), though banks, financial institutions and corporates also invest in ... Gabon, Libya, and Nigeria and the Carribean banking centres, which have an exposure of over ...

  • India o/n rates steady on liquidity; volume edges up 24 Nov 2009 10:32 GMT
    ... MUMBAI, Nov 24 - Indian cash rates were ... inched up from Monday's level, as some banks were short of collaterals to borrow at lower ... is currently at 25 percent. As the central bank absorbs excess cash from banks via its ...

  • Nikkei slips 0.8 pct as banks, exporters drag 24 Nov 2009 06:04 GMT
    ... slipped 0.8 percent on Tuesday as a banking shares were sold on persistent worries that ... could not revive it, putting pressure on the Bank of Japan to respond to deflation. Exporters ... S.Korea S.E. Asia Hong Kong Taiwan Australia/NZ India China OTHER MARKETS: Wall Street Gold Currency Eurostocks ...

  • Asia markets lower amid China warning to banks 24 Nov 2009 09:14 GMT
    ... markets retreated Tuesday as China's warning to banks to control their lavish lending underlined the risks ... 10 percent in October. News that China's central bank was warning banks to control a lending ... losses in banks and miners. Markets in India, Singapore and Thailand also fell. Major indexes in ...

  • Banks weigh on world markets after China warning 24 Nov 2009 11:35 GMT
    ... markets retreated Tuesday as China's warning to banks to control their lavish lending underlined the risks ... 10 percent in October. News that China's central bank was warning banks to control a lending ... losses in banks and miners. Markets in India, Singapore and Thailand also fell. Major indexes in ...

  • Kotak Mahindra gets USD 51 mn credit from WB entity 24 Nov 2009 03:40 GMT
    ... a first initiative of its kind in India, a World Bank (WB) entity will provide credit facility of up to USD 51 million ... its Global Trade Finance Program. Shares of the bank gained Rs 7.4, or 0.93%, to settle ...

  • Pakistan stocks end higher; monetary policy awaited 24 Nov 2009 13:55 GMT
    ... KARACHI, Nov 24 - Pakistani stocks ended slightly higher on Tuesday but ... at 5 p.m. . Analysts said the central bank was likely to cut its key policy ...

  • Bank of India cuts deposit rates across select maturities 24 Nov 2009 11:33 GMT
    ... Public sector lender, Bank of India today reduced deposit rates in select maturities by 0.25 per ... as compared to 6.25 per cent earlier, the bank said. Interest rates in other maturities remain ...

  • "Ghezali went to Pakistan to celebrate Ramadan" 24 Nov 2009 06:46 GMT
    ... Uppsala county north of Stockholm will contribute with ... selection, and suggested code, remain and contact the bank or call the police. The perpetrators are ... Borg, is the fourth best Minister for Finance in EU according to Financial Times. The ...

  • Credit outlook for Indian banks dim, says Moody's 24 Nov 2009 06:40 GMT
    ... 23: The credit outlook for the Indian banking system remains negative because of poor asset ... in its new Banking System Outlook on India report released Monday. According to it, this reflected ... gross non-performing loans (NPLs) for Indian commercial banks increased 22.5% compared to about 12% the ...

  • West Bengal MSEs demand more loans as rates fall 24 Nov 2009 16:50 GMT
    ... KOLKATA: With interest rates of commercial banks declining, demand for cheaper loans for micro and small enterprises (MSEs) under ... under the Small Industries Development Bank of India (SIDBI) refinance scheme is rising. Expressing solidarity with ...

  • UK credit information major to expand to India 24 Nov 2009 06:02 GMT
    ... Sonwalkar London, Nov 24 (PTI) Business and credit information major Experian has formed a joint ... formed a joint venture with seven Indian banks and financial institutions to establish a credit bureau in India that will advise financial institutions and retail businesses ...

  • Tax havens & currency speculation Pt.4 24 Nov 2009 07:15 GMT
    ... development, he started his career in investment banking and derivative trading. In 2003 he quit to ... Aid, financial institutions such as the Industrial Credit and Investment Corporation of India, and Lehman Brothers, and governments including that of ...

  • We are positive on banks, infra, power & auto: RR Financial 24 Nov 2009 08:46 GMT
    ... NCDEX) since inception of commodity futures in India. He is giving expert comments on commodities market ... with liquidity as the government and central banks have put in effort to get their economy ... back on its feet, to get the credit markets unfrozen. With broad indications pointing to ...


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Quote of the Day

"How can you make China responsible for keeping peace in South Asia? [...] China has done nothing in South Asia except to play a destructive role here."
— Prem Shankar Jha, a newspaper and magazine columnist, channeling the prevailing sentiment among New Delhi’s political analysts

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