India
How is HDFC Bank's Nitin Chugh retaining customer centricity in digitalisation?
He talks about creating a better banking ecosystem whilst providing customers convenient experiences.
How is HDFC Bank's Nitin Chugh retaining customer centricity in digitalisation?
He talks about creating a better banking ecosystem whilst providing customers convenient experiences.
Bank of China to open branch in India
Approval from the central bank is expected shortly.
India mulls creation of asset management company to clean banking sector's bad loans
The banking sector is burdened by over $141b in stressed assets in 2017 alone.
India mulls consolidation of state banks
Bank of Baroda and Canara Bank may absorb smaller lenders.
Indian state banks flounder amidst lack of leadership
The power vacuum adds to a growing list of woes plaguing the sector.
India's Capital First receives go signal for IDFC Bank merger
This follows approval from the competition commission.
Indian banks hammered by rising credit costs amidst portfolio cleanup
Credit costs rose from 2.5% to 4.3% of loans on average at state banks.
India's $210b bad debt burden is luring profit-hungry offshore investors
Foreign funds Oaktree and Varde Partners are hoping to cash in on the trend.
Indian banks forced to a halt as employees go on strike
Employees slammed what they called “meagre” 2% pay hike.
India's public banks hammered by massive $3.81b fraud loss in 2017-18
The staggering loss impacts the future lending ability of banks.
India's massive bailout fails to buoy banks out of earnings rut
Little will be left for lending from the government’s $32b capital injection.
A tale of two cities: India's newest banks are some of the world's most profitable
AU Small Finance Bank’s return-on-equity hit 56% versus 11% for JPMorgan Chase.
State Bank of India expects recovery after hitting rock bottom with $1.13b Q4 loss
The bank expects to grow loans at an annual average of 12% and bring bad loans below 6%.
Chart of the Week: Check out how much bad loans Indian banks still bear
Gross NPAs climbed from 8.93% in September to 10.14% in March.
Bad loans in India's private banks expand fivefold in past five years
The sector bore $16.03b in bad loans as of end-March.
Fraud-hit PNB needs $1.91b in capital infusion to meet regulatory requirements
The massive capital shortage is expected to cripple loan portfolio up to 2019.
Indian banks team up in blockchain-powered trade finance network
The collaboration will leverage on Infosys Finacle’s technology.