India

By refusing to ditch the physical bank branch and prioritising the improvement of its mobile offerings, DBS has fully embraced the phygital model in India.

Home and retail sectors drove lending gains.

They have already clinched more than $2b worth of overseas bonds and loans in 2019. Bloomberg reports that shadow banks in India are looking outside the country in search for earnings amidst lenders that have been hesitating in extending funds.

Year-end interest income rose 15.6% amidst sustained credit recovery.

India is reportedly aiming to merge Punjab National Bank with up to three other banks.

The card offers waives an annual fee of $7.10 on annual spending over $710.

Global PayEx offers a cloud-based platform that facilitates electronic invoice sharing.

Punjab National Bank, Union Bank of India and Bank of India are possible targets.

Deposits grew by 10%.

He currently serves as global head of subsidiary coverage.

Lower government spending and higher cash withdrawal contributed to the deficit.

The proposed merger between Lakshmi Vilas Bank and Indiabulls Housing Finance could be the catalyst to change the tide.

Lenders are hit with a total bad debt of $146b.

The NPL ratio fell to 10.8% from 11.5% the previous year.

State banks would have to raise $16b in provisions in Q1 if the rules kicked into effect.

More than 29 asset reconstruction companies have been set up after 2002.