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September 18, 2005

Mooncake Tid-bits

* China Everbright Bank awaits $1.2bn capital injection from government; will then proceed with stake sale to Standard Chartered.
* Bank of India predicts 194% net income growth this year; plans expansion into Pakistan, Sri Lanka, Bangladesh.
* China CBRC may liberalize deposit-taking limits on foreign banks.
* India's Nainital Bank (affiliate of Bank of Baroda) plans 2006-7 IPO to meet CAR requirement.
* Bank lending falls in Shanghai.
* Loan growth in the Philippines slows to +4.0% YoY in July.
* Syndicate Bank "in the pink of health"; will merge 4 subsidiary rural banks in Karnataka.
* ANZ Royal Bank opens for business in Cambodia with first four branches; government hopes to "trigger the entry of more international banks."
Our updated Cambodian banking links.

Posted by The Banker at September 18, 2005 06:04 PM

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