India

Corporation Bank’s penalty hit $282,000.

The growth of gross NPAs fell to 8.4% from 30.4% the previous year.

It has been proposed that a FHC will have the main bank as subsidiary.

They have successfully met capital and bad loan requirements.

Bad loans provisions more than doubling to $1.29b dragged the bank to higher net loss in Q3.

YES Bank and Kotak Mahindra Bank are some of the member lenders.

Roughly 40% of banks' gross credit exposure are in sectors with significant water risks.

The deal will create one of India’s largest rural and semi-urban lending platforms.

From 4.7% in end-2016, loans booked double-digit growth of 14.9% in November.

Half of the infrastructure may close down by March 2019.

The country is home to 263,000 high net worth individuals.

Net interest margins will widen at a snail's pace.

Personal loan balances are expected to grow at a CAGR of 16% for 2018-2022.

Now customers and their clients can be in one platform and access real-time information on financing, improving process speed and productivity.

With over $3.8b invested in Asia’s fintech ecosystem in 2017 and the emergence of a bouquet of services such as insurtech, Internet of Things (IoT) in wealth management, consumer-centric targeted services, amongst others, the region is well-poised to emerge as the leader of next generation fintech applications. Asia is also home to one of the largest peer-to-peer (P2P) lending, crowd funding, and e-commerce markets which complement its growing fintech base.

The bank worked closely with its business units and sister organisations to streamline innovation metrics.