Search Results for 'Bank'

RBI urges banks to keep lending to microfinance firms

The Reserve Bank of India (RBI) has urged commercial banks to continue lending to the microfinance sector, after a crackdown on their activities by Andhra Pradesh government curbed collections and new business. A delegation of banks [...]

Posted On : Dec, 23 2010 | Comments : 0

TD Bank Increases U.S. Bet With Chrysler Finance Unit as Eur...

Toronto-Dominion Bank is increasing its bet in the U.S. with the $6.3 billion purchase of Chrysler Financial Corp., capping a record quarter for U.S. takeovers by Canadian lenders as some European rivals retreat. The purchase of the [...]

Posted On : Dec, 22 2010 | Comments : 0

BSE Sensex rises 0.5 pct; banks lead

the 30-share BSE index was up 0.45 percent at 19,977.68 points, with 26 components advancing. The 50-share NSE index was up 0.4 percent at 5,973.40 points.

Posted On : Dec, 21 2010 | Comments : 0

China Banks Yuan Positions Fell in November, Financial News ...

Yuan positions at Chinese banks stemming from their sale of foreign exchange fell to 319.6 billion yuan in November after the government tightened measures scrutinizing capital inflows, the Financial News reported, without citing anyone. [...]

Posted On : Dec, 20 2010 | Comments : 0

State Bank’s Financial Stability Review 2009-10

The size of the Pakistan’s financial system, in terms of assets, increased to Rs 9.2 trillion by end-June 2010, showing a robust growth of 20 percent from December 2008 level of Rs 7.71 trillion, says State Bank’s Financial S [...]

Posted On : Dec, 15 2010 | Comments : 0

Australian Top Banks May Gain From Swan's Reforms

Australia’s four largest lenders, led by Commonwealth Bank of Australia and Westpac Banking Corp., may emerge as victors from Treasurer Wayne Swan’s package to promote banking competition, analysts and academics said. Co [...]

Posted On : Dec, 13 2010 | Comments : 0

Punjab and Sind Bank — IPO: Invest

Modest valuations, superior asset quality and high return on net worth make a good case for investment in the initial public offer of Punjab and Sind Bank (PSB). At the upper end of the price band of Rs 113-120, the offer price would dis [...]

Posted On : Dec, 12 2010 | Comments : 0

Tougher EU bank tests could ease crisis

With its plan to take another close look at the health of banks, the European Union could make a big leap ahead in its response to the government debt crisis. But for the tests to be meaningful this time around, governments and regulator [...]

Posted On : Dec, 10 2010 | Comments : 0

Widespread Downgrades For Bank Of Queensland

Those looking in from the outside have always found Queensland a slightly strange place. Maybe it's because the state symbol is Bob Katter's hat. But realistically Queensland is presently caught a bit betwixt and between. The pro [...]

Posted On : Dec, 09 2010 | Comments : 0

Bank of Montreal, Canadian Western profits rise

BMO, the final big Canadian bank to report fourth-quarter results, earned a cash profit of C$1.26 a share, beating analysts' estimates of C$1.21 a share. The result looked particularly good in comparison with the earnings of the most [...]

Posted On : Dec, 08 2010 | Comments : 0

NBP Awarded Bank of the Year Award 2010 in Pakistan

National Bank of Pakistan has been awarded Bank of the Year Award 2010. The Banker Magazine announced the most coveted award – “The Best Bank Award 2010”, during an award ceremony held at London on December 02, 2010. Du [...]

Posted On : Dec, 07 2010 | Comments : 0

Bank of Ireland Soars as Flowers Still Eyeing Irish Assets

Bank of Ireland Plc soared in Dublin trading as J. Christopher Flowers, founder of New York private- equity firm J.C. Flowers & Co, signaled he is continuing to look for Irish banking assets. Bank of Ireland rose as much as 7.5 perce [...]

Posted On : Dec, 06 2010 | Comments : 0

SBP awards licence to Sindh Bank

“The SBP has finally given the licence for establishment of Sindh Bank after the party fulfilled all requirements,” the State Bank’s chief spokesman Wasimuddin told Dawn. It is hard to get licence for a new scheduled ba [...]

Posted On : Dec, 04 2010 | Comments : 0

Spain bank restructuring fund to issue more debt-FT

The Bank of Spain, which is in charge of the fund -- dubbed FROB under its Spanish initials -- was not available to comment on the FT's online report, which cited bankers. The central bank has overseen a restructuring of the se [...]