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Hang Seng Bank to Open branches in Mainland China
Asia Bizz: Popular Hang Seng Bank, which is considered as one of the largest banks in Hong Kong, will soon be opening additional branches on the mainland. Dorothy Kwan, the Hang Seng Bank China Vice Chairman and Executive said that the bank...
Yuan Centre Opened by Bank Of China
Asia Bizz: On March 20, 2012, Bank of China unveiled trading headquarters in Shanghai, which will be responsible for the bank’s yuan asset trading business. The second headquarters have been authorized by the China Banking Regulatory Commission...
Dhanlaxmi Bank’s Plea for Priority Sector Waiver Rejected by RBI
Asia Bizz: Dhanlaxmi Bank’s plea for a one time waiver of priority sector lending target has recently been rejected by the Reserve Bank Of India (RBI). People familiar with the development said that the RBI has declined the priority sector...
ING Vysya Increases Short-Term Deposit Interest Rates
Asia Bizz: Bangalore-based retail and commercial bank ING Vysya announced on March 20, 2012 that it has increased the short term deposit interest rates by 0.25 percent to ten percent. The move has been taken so as to promote its Active Deposit...
Bank Of Baroda Fixed Deposit Rates Increased Up to 0.25 Percent
Asia Bizz: Bank of Baroda (BoB) increased fixed deposit rates of select maturities by up to 0.25 percentage points on March 19, 2012. The move has been taken amidst the talks of a possible cut in lending rates of the bank.
BoB has become the...
Indian Union Budget 2012 Highlights
Asia Bizz: On March 16, the Indian finance minister Pranab Mukherjee started off his 2012 Union Budget speech with many promises, but at the end of it, the minister failed to give any idea on any roadmap about the reform process as well as plans...
Pranab Mukherjee to Read Out Union Budget 2012-13 Today
Asia Bizz: After all the excitement around the Railway Budget 2012, Indian Finance Minister Pranab Mukherjee is all set to present the Union Budget 2012-13 to the Parliament On March 16, 2012. Mukherjee is also under the pressure to trim the...
Rail Budget 2012 – Dinesh Trivedi Not asked to Resign
Asia Bizz: After the uproar created following the presentation of the 2012 Rail Budget, it has now been clarified that Railway minister Dinesh Trivedi will not be resigning. Pranab Mukherjee, the senior Congress leader has clarified in Lok Sabha...
Budget Session India 2012 – Opposition Prepares to Target Ruling Party
Asia Bizz: The ruling government in India has now become the target of the opposition party before the upcoming 2012 Budget session of Parliament which begins on March 12, 2012. The opposition is now preparing its strategy to target the government,...
Google Wallet Likely To Be Introduced In India
Asia Bizz: After the launch of the Airtel Money service in India, the search engine giant is planning to bring its mobile wallet services in the Asian country. Airtel recently launched the service in India for its subscribers with the help of...