India
India slaps $1.5m fine on four banks for non-compliance in SWIFT messaging
Karnataka Bank was hit with $564,000 worth of penalties.
India slaps $1.5m fine on four banks for non-compliance in SWIFT messaging
Karnataka Bank was hit with $564,000 worth of penalties.
DBS to set up over 100 touchpoints in India
The bank plans to open nine new branches in March alone.
Bank-backed online loan approval platform in India plugs SME funding gap
Since its launch in November 2018, the platform approved loans worth $4.23b.
India's massive recapitalisation still leaves banks $23b short
The government’s bailout is not enough to boost loan growth.
Indian shadow banks face cash crunch as developer defaults mount
Cash-short developers have to repay around $18.15b in outstanding debt.
India's Allahabad Bank seeks clearance to transfer bad loans from Hong Kong unit
It aims to sell its lone overseas branch in Hong Kong.
Indian banks swing back into the black in Q4
Earnings hit $21.56m with private banks leading the quarterly gains.
India slaps 4 public sector lenders with $705,000 fine
Corporation Bank’s penalty hit $282,000.
Indian banks make headway in denting bad debt in Q3
The growth of gross NPAs fell to 8.4% from 30.4% the previous year.
India eyes holding company structure for banks in bid to speed up consolidation: report
It has been proposed that a FHC will have the main bank as subsidiary.
India lifts curbs on three public sector banks as recovery looms
They have successfully met capital and bad loan requirements.
Bank of India hopes for profit turnaround in Q4
Bad loans provisions more than doubling to $1.29b dragged the bank to higher net loss in Q3.
11 Indian banks to launch blockchain-linked fund for SMEs
YES Bank and Kotak Mahindra Bank are some of the member lenders.
Will India's banks sink under weight of the country's worst water crisis?
Roughly 40% of banks' gross credit exposure are in sectors with significant water risks.
India's Bandhan Bank gears for $11.7b merger
The deal will create one of India’s largest rural and semi-urban lending platforms.
India's weakened banking sector awaits stronger credit growth as it tucks bad loans away
From 4.7% in end-2016, loans booked double-digit growth of 14.9% in November.
India's ATM industry struggles with steep compliance costs
Half of the infrastructure may close down by March 2019.
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