India

Bengalaru remains India’s fintech leader

WealthTech captured most of the seed funding; Marketplace Lending unlikely to rebound.

Bengalaru remains India’s fintech leader

WealthTech captured most of the seed funding; Marketplace Lending unlikely to rebound.

India tightens rules for digital lending

Lenders may no longer increase credit limits without the consent of the borrower.

India’s Yes Bank improves credit profile following $1.1b equity capital raise

The billion dollar capital raising will strengthen resilience against asset quality risks.

DBS denies interest in India’s IDBI Bank: report

This follows after reports said that DBS is mulling purchase of a stake in the bank.

India crackdown on non-bank lending to hit fintech investments

Deal activity in Q2 was 25% lower than the previous quarter.

India’s HDFC Bank merging with housing company HDFC

Post completion, HDFC Bank will be owned 100% by public shareholders.

Axis Bank’s Citi purchase to improve profits long-term: S&P

Positive effects will only be felt starting fiscal year 2025 and onwards.

Axis Bank to buy Citi’s Indian consumer business for $1.6b

Axis Bank expects to gain more or less 3 million customers.

Chart of the Week: India’s mobile wallet payments market to hit $4.1t in 2025

In 2022, the market will grow to $1.7t, according to GlobalData.

Standard Chartered India appoints Saurabh Jain as new WM head

Jain first joined Standard Chartered in 2019 as CEO of its Indian securities business.

Standard Chartered, IATA launch airline payment platform in India

IATA Pay offers instant payment options such as UPI Scan & Pay and UPI Collect.

India’s card payments market to grow 31.2% in 2022

Growing adoption of electronic payments will help push up the card market.

Buy now, pay later gains traction in India

Low credit penetration makes it favourable for BNPL.

HSBC India unveils one-stop solution simplifies cross-border transactions

It enables end-to-end visibility for both the user and their clients.

Indian banks strong buffers to limit risk of COVID-19 resurgence: analyst

Several factors will help Indian banks mitigate their risks.