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South Asia Banking News is an EIN News Service for banking industry professionals. Constantly updated news and information about South Asia Banking.
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  • Worried over weak dollar, India, China cut US debt holdings 24 Nov 2009 07:34 GMT
    ... the Reserve Bank of India (RBI), though banks, financial institutions and corporates also invest in US ... Gabon, Libya, and Nigeria and the Carribean banking centres, which have an exposure of over ... the foreign currency management strategy of its central bank. The Chinese currency, the renmimbi or ...

  • RBI alerts banks on transactions with Pakistan, Iran, 3 others 24 Nov 2009 01:21 GMT
    ... The Reserve Bank of India (RBI) has alerted banks to keep a watch on transactions of customers ... FATF welcomed Pakistan’s close co-operation with the Asia/Pacific Group on Money Laundering (APG), it remained ...

  • Gold Declines From Record in Asia as Rally Encourages Selling 24 Nov 2009 07:54 GMT
    ... 24 (Bloomberg) -- Gold pared losses in Asia, trading within 0.4 percent of its record, on speculation central bank bullion purchases will increase, and as ... definitely accumulation going on, whether by central banks or high net-worth individuals, so we can see the gold ...

  • Although in its Nascent Stage, The Future of Virtualization Market in India Looks Promising, Notes Frost & Sullivan 24 Nov 2009 00:41 GMT
    ... Although in its Nascent Stage, The Future of ... and cooling expenditure. The main verticals are Banking, Financial Services, and Insurance (BFSI), Telecom, and ... Analyst, ICT Practice, Frost & Sullivan, South Asia and Middle East, "Interoperability with existing systems ...

  • Although in its Nascent Stage, The Future of Virtualization Market in India Looks Promising, Notes F 24 Nov 2009 01:22 GMT
    ... Although in its Nascent Stage, The Future of ... and cooling expenditure. The main verticals are Banking, Financial Services, and Insurance (BFSI), Telecom, and ... Analyst, ICT Practice, Frost & Sullivan, South Asia and Middle East, "Interoperability with existing systems ...

  • Asia markets lower amid China warning to banks 24 Nov 2009 09:14 GMT
    ... BANGKOK—Asian stock markets retreated Tuesday as China's warning to banks to control their lavish lending underlined the risks to ... 10 percent in October. News that China's central bank was warning banks to control a ...

  • Asian stock markets lower as China's bank warning hits financials; European shares fall 24 Nov 2009 09:23 GMT
    ... BANGKOK (AP) - Asian stock markets retreated Tuesday as China's warning to banks to control their lavish lending underlined the risks to ... 10 percent in October. News that China's central bank was warning banks to control a ...

  • Banks weigh on world markets after China warning 24 Nov 2009 11:35 GMT
    ... BANGKOK - Asian stock markets retreated Tuesday as China's warning to banks to control their lavish lending underlined the risks to ... 10 percent in October. News that China's central bank was warning banks to control a ...

  • Obama treads fine line with India and China 24 Nov 2009 00:42 GMT
    ... Obama treads fine line with India and China Published: ... went to Lou Susman, the Chicago investment banker, and John Roos, the Silicon Valley lawyer, ... is more than comfortable. “In Obama’s view, Asia is the New Europe”, says David Rothkopf, ...

  • Nikkei slips 0.8 pct as banks, exporters drag 24 Nov 2009 06:04 GMT
    ... TOKYO, Nov 24 (Reuters) - Japan's Nikkei average slipped ... slipped 0.8 percent on Tuesday as a banking shares were sold on persistent worries that ... losers Active Japanese stocks Japan economic indicators ASIA-PACIFIC STOCK MARKETS: Pan-Asia Japan S.Korea S.E. Asia ...

  • SE Asia Stocks-S'pore off highs; political worries hurt Thailand 24 Nov 2009 10:53 GMT
    ... BANGKOK, Nov 24 (Reuters) - Southeast Asian stock markets ended mixed on Tuesday, with ... to 15-month highs after broad selling in banks and property while Thai stocks fell to three-week ... company news Forex news Global Economy news Banking news Tech,Media,Telecoms Politics/General news Asia Macro data ...

  • AEGON Religare Life Insurance offers the cheapest term plan in India exclusively online 24 Nov 2009 12:16 GMT
    ... Now, you can email your press releases to afaqs! ... 20 markets throughout the Americas, Europe and Asia, with major operations in the United States, ... wealth management, equity and commodity broking, investment banking, lending services, private equity and venture capital. ...

  • "Rooftop of the World" Welcomes Two New MoneyGram Agent Locations 24 Nov 2009 13:51 GMT
    ... Indian subcontinent. According to Harsh Lambah, South Asia Regional Director for MoneyGram International, South Asia is ... a key growth market for MoneyGram. In India alone this year, MoneyGram has added more ... that’s sometimes beyond the ability of traditional banks to provide, while helping further stimulate the local ...

  • HK, China shares slump; Bank of China falls 24 Nov 2009 09:27 GMT
    ... decline in nearly three months * Chinese banks retreat on fundraising fears * Shanghai B-share ... billion), heavier than Monday's HK$51.9 billion. China's banking regulator wants big state lenders, including Bank ... 3.38 percent to HK$7.15, while Industrial and Commercial Bank of China ( "If that's the ...

  • HK Hot Stocks-Bank of China down on possible capital raising 24 Nov 2009 03:13 GMT
    ... on the move: * Shares in Chinese banks fell amid news that China's banking regulator wanted big state lenders to raise ... could be a roughly $15 Industrial and Commercial Bank of China was flat, while China ...

  • HK Hot Stocks-TCL Communication down on possible rights issue 24 Nov 2009 03:53 GMT
    ... be held on Dec 9. * Chinese banks fell amid news that China's banking regulator wanted big state lenders to raise ... be a roughly $15 billion Industrial and Commercial Bank of China was flat, while China ...

  • Why Niall Ferguson is still bearish 24 Nov 2009 04:35 GMT
    ... summer that we might have another big banking crisis in Europe just as happened in ... turned a blind eye to their big banks' problems and we avoided a repeat of Creditanstalt. ... have been considered totally unacceptable on a central bank balance sheet. Full marks to him, ...

  • Stocks gain, dollar eases further 24 Nov 2009 00:11 GMT
    ... James Bullard on Sunday said the U.S. central bank should keep alive its mortgage-related assets ... Since then a number of other central banks have announced they are buying gold as well. "Gold ... Daniel Major, an analyst at RBS Global Banking & Markets. MSCI's index of Asia-Pacific stocks ...

  • Stocks gain, gold hits new high as dollar eases 24 Nov 2009 00:16 GMT
    ... James Bullard on Sunday said the U.S. central bank should keep alive its mortgage-related assets ... Since then a number of other central banks have announced they are buying gold as well. "Gold ... Daniel Major, an analyst at RBS Global Banking & Markets. MSCI's index of Asia-Pacific stocks ...

  • Philippines-Market factors to watch - Nov 24 24 Nov 2009 01:05 GMT
    ... bond issues, a senior official from the central bank said. (MANILA STANDARD TODAY, MANILA BULLETIN) ... Mexico downgrade > FTSE breaks losing streak, banks, commods surge ---------------------- MARKET SNAPSHOT @ 0000 GMT ------------ ... news Technology news Telecoms news Media news Banking news Politics/General news Asia Macro data A ...

  • Overseas markets trade lower after one-day rally 24 Nov 2009 10:31 GMT
    ... a private securities company in Shanghai China. Asian stock markets retreated today as China's warning to banks to control their lavish lending underlined the risks to ... 10 percent in October. News that China's central bank was warning banks to control a ...

  • Singapore Hot Stocks-Property may be in focus 24 Nov 2009 01:24 GMT
    ... SINGAPORE, Nov 24 (Reuters) - Property stocks such ... by Nopporn Wong-Anan; Editng by Valerie Lee) ASIA-PACIFIC STOCK MARKETS: Japan S.Korea China Hong Kong ... news Global Economy Technology Telecoms Media news Banking news General/political Asia Macro A multimedia version ...

  • The Economic Crisis and What Must be Done 24 Nov 2009 11:51 GMT
    ... branch works out of big New York banks like J.P. Morgan Chase, Wall Street investment firms ... key date was passage of the National Banking Act of 1863, when the system was ... Reserve Act of 1913. In 1929 the bankers plunged the nation into the Great Depression ...

  • Kash Mart Extends its Global Reach with New Web-based Remittance System 24 Nov 2009 04:30 GMT
    ... Money Transfer can be initiated include internet banking, Automatic Teller Machines (ATM), self-service kiosks, in ... to be extended easily to additional member banks. Worldwide – The KMI Money Transfer managed service ... transaction processing. Continued Global Expansion While the Asia Pacific region is leading the deployment of ...

  • The Red Flag Group Launches its Financial Services Practice 24 Nov 2009 09:13 GMT
    ... HONG KONG, Nov. 24 /PRNewswire-Asia/ -- The Red Flag Group, Asia's leading ... launched its financial services practice to help banks and other financial institutions deal with the changing ... Services Authority to preserve stability in the banking sector. Across the Atlantic, banks are also ...


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