India

Chart of the Week: India’s card payments market to reach $581.2b by 2026

The card payments market value grew 26.7% in 2022, according to estimates.
4 days ago

Chart of the Week: India’s card payments market to reach $581.2b by 2026

The card payments market value grew 26.7% in 2022, according to estimates.
4 days ago

India’s Yes Bank saw profit drop 80% in Q4 2022: report

The bank aims to recover INR10b in the current quarter, its chief executive said.
6 days ago

India’s HDFC Bank net profit up 18.3% in Q4

Net interest income and fee income rose to INR6,052.6 crore during the quarter..

Indian banks’ lending to NBFCs up 150% from pre-COVID levels

In November, banks' outstanding credit to NBFCs rose 33% from 2021.

Mastercard names Gautam Aggarwal as division president for South Asia

Aggarwal will oversee the card payment provider’s activities across South Asia and India.

India’s buy now pay later market to be worth $15b in 2026: analyst

Amazon Pay Later has over 3.7 million registered users in 2022.

Gap to widen between India’s public and private banks: S&P

Large private banks will outperform their publicly-owned peers, the ratings agency said.

Kotak Mahindra Bank’s profits up 27% in Q2

It has over 36.6 million customers as of end-September.

ICICI Bank net profit up 31% to $929m in Q2

Its loan portfolio also grew 23% compared to the same quarter last year.

JP Morgan names India corporate banking head as interim India CEO

PD Singh has served as corporate banking head since 2021.

J.P. Morgan names Navin Wadhwani as India’s head of investment 

He joins from Indian conglomerate Reliance Industries.

India’s Kotak Mahindra Bank unifies corporate banking portal with Finastra

The bank plans to add payments and collections services by end-2022.

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.