India

Natixis CIB opens branch in India’s GIFT City

It offers foreign currency denominated structured products and finance, amongst others.
3 days ago

HDFC Bank profit rises 9% to $2.04b on treasury income gains

But fee income growth is slower than expected.
3 days ago

How can foreign ownership shape India’s financial institutions?

Capital access may improve but credit impact depends on risk discipline and governance.
4 days ago

Banks lag tech firms in driving credit card use

Delayed rewards and weak reminders leave cardholders disengaged.
5 days ago

MUFG completes $4.26b Shriram Finance investment

It now holds a 20% equity stake in SFL.

MUFG support may lower Shriram’s risky loans over time: report

It enhances Shriram’s access to capital and funding markets over time, said CreditSights.

Middle East conflict weigh on Indian banks’ margins and profits

Sector margins could decline to below FY2027 forecasts.

RBI bans non-deliverable INR derivatives

Authorised dealers may still offer deliverable FX derivative contracts.

HDFC Bank hires law firm to review ex-chairman’s resignation

Atanu Chakraborty cited “certain happenings and practices” in the bank as the reason for his resignation.

Bank of Baroda links digital overdraft accounts to UPI-enabled apps

Women members can link their SHG overdraft accounts to any UPI-enabled app.

How India digital lending targets $720b by 2030

India held about 82% of Android mobile loan apps worldwide.

MUFG inks strategic partnership with the State Bank of India

They will help Japanese and Indian companies expand in India and globally.

India deposits grow 9.75% as credit demand accelerates

Non food-industry borrowing reached $21b, reflecting stronger corporate financing needs.

Citi and DEG provides $76m loan to Shriram Finance for underserved lending

It will be used for MSMEs, EVs, food security, and women lending.

India amends ECB loan rules

It expanded the list of recognised lenders and simplified requirements for eligibility.