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Banking / Investment in Southern Asia

  • Indian central bank chief to step down in surprise move

    INDIA, 2016/06/20 India’s “rock star” central bank governor Raghuram Rajan, feted by foreign investors but under pressure from political opponents at home, stunned government officials and colleagues on Saturday by announcing he would step down next just one three-year term. Rajan, a former chief economist at the International Monetary Fund, is held in high esteem by policymakers and investors at home and abroad for overhauling the way the Reserve Bank of India (RBI) operates.

  • India’s Central Bank Governor Raghuram Rajan

    INDIA, 2016/03/14 India’s Central Bank Governor Raghuram Rajan on Saturday called for a system for assessing the wider impact of monetary policies of world central banks, inclunding unconventional tools and their spillover result. The European Central Bank before this week eased monetary policy further while the Bank of Japan has as well taken interest rates into negative territory for the initial time. Asserting that unconventional monetary policy used by industrialised nations has impact globally, the Indian Central Bank chief said there was a need to discuss the issue and analyse its spillover result.

  • Finance Minister of the Year 2016

    NEPAL, 2016/01/10 Finance Minister of the Year 2016 awards celebrate the officials that have best managed to stimulate increase and stabilise their economy. Global and Asia-Pacific Ram Sharan Mahat, former finance minister, Nepal Ram Sharan Mahat receives The Banker’s World and Asia-Pacific Finance Minister of the Year awards for his exemplary work in the aftermath of the two disastrous earthquakes that hit Nepal in 2015 and in pushing for reforms to improve governance in the country’s ministry of finance.

  • Reserve Bank of India Says Intervening In Rupee Futures Market

    INDIA, 2015/12/11   Ahead of next week's FOMC conference, the Reserve Bank of India (RBI) said it would intervene in the rupee currency futures market, if required, to manage excessive volatility. The RBI very often intervenes in the forex market in order to maintain orderly conditions in the market. The central bank said the data for the exchange-traded currency derivatives market would be published in monthly bulletins. The disclosure is the initial such by RBI.

  • Bharti Airtel is an Indian telecommunications company that operates across the continent.

    INDIA, 2015/11/20 Africa is drawing a variety of investors in search of natural resources and fast-growing consumer markets. They are eager to benefit from some of the highest economic increase rates in the world – as two-thirds of the nations in the continent will grow at over 5% over the next five years – and favourable demographics. Africa’s fast-growing, very young and increasingly urban people is currently estimated at 1.2 billion and set to exceed four billion by 2100, at the same time as around 40% of the world people will be living in Africa, based on projections from the UN. As the EU and China remain Africa’s major trade and investment partners and President Obama has given momentum to the US-Africa partnership, India’s involvement with Africa has been growing steadily. It is set to intensify further, based on the synergies of needs and interests.

  • HBL profit surges 63% to record high

    PAKISTAN, 2015/05/04 The Habib Bank Limited (HBL) on Saturday said it has delivered a record post-tax profit of Rs 10 billion during initial quarter 2015, representing a increase of 63% over the same period last year. As a result, earnings per share for the quarter increased to Rs6.73 as against Rs 4.12 for the initial quarter of 2014. Along with the results, the Board declared a quarterly dividend of Rs 3.50 per share.

  • ADB was established in 1966 with 67 member nations, 48 of which come from the Asia Pacific region.

    ASIA, 2015/05/03 The Asian Development Bank (ADB) and the China-led Asian Infrastructure Investment Bank (AIIB) have agreed to join forces in financing Asia Pacific infrastructure development. Last Friday, ADB president Takehiko Nakao and AIIB’s Liqun Jin discussed next collaborations, inclunding co-financing the region’s infrastructure development to support sustainable development and poverty reduction. As well discussed were joint efforts to safeguard policies on environment inclunding social impacts of these efforts. “ADB will cooperate and co-finance with AIIB on infrastructure financing across Asia by using our long experience and expertise in the region,” Nakao said in a statement.

  • President Aliyev receives ADP head

    AZERBAIJAN, 2015/05/01 Azerbaijani President Ilham Aliyev received a delegation led by President of the Asian Development Bank Takehiko Nakao on April 30, AzerTac national news agency. The parties stressed the importance of successful cooperation between Azerbaijan and international financial institutions, inclunding the ADB. They emphasized that Azerbaijan is place hosting high-profile international events. The sides as well underlined the importance of holding the Annual Conference of the Board of Governors of the Asian Development Bank in Baku, and high level preparations for the event were hailed during the conference.

  • ADB meeting in Baku to mull ways of creating new ‘Asian tigers’

    ASIA, 2015/05/01 Asian leaders will gather from May 2 - 5 in Baku, Azerbaijan – on the banks of the Caspian Sea for the 48th annual Asian Development Bank (ADB) meetings. The meetings will take place against the backdrop of gloom over China’s slowdown, but as well optimism about a resurgent India and the prospects for increase in new frontiers like Myanmar. On the initial day of the event, the International Development Research Centre (IDRC) and the JustJobs Network will bring together government, business and civil society officials attending the ADB meetings for a seminar on how manufacturing can create jobs and drive economic increase.

  • EXIM-Bank-of-India.jpg

    INDIA, 2014/11/05 The Gambia government last week signed a US$45 million transaction with the Indian government for a financing facility with the Export-Import Bank of India for electricity expansion and replacement of the asbestos water-pipe network in the Better Banjul Area, an official release has announced. In his remarks on the occasion, Exim Bank deputy managing director Debasish Mallick said he was satisfied with the evolution being made in the implementation of the bank-financed projects in the country so far.
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