India

The deal will create one of India’s largest rural and semi-urban lending platforms.

From 4.7% in end-2016, loans booked double-digit growth of 14.9% in November.

Half of the infrastructure may close down by March 2019.

The country is home to 263,000 high net worth individuals.

Net interest margins will widen at a snail's pace.

Personal loan balances are expected to grow at a CAGR of 16% for 2018-2022.

Now customers and their clients can be in one platform and access real-time information on financing, improving process speed and productivity.

With over $3.8b invested in Asia’s fintech ecosystem in 2017 and the emergence of a bouquet of services such as insurtech, Internet of Things (IoT) in wealth management, consumer-centric targeted services, amongst others, the region is well-poised to emerge as the leader of next generation fintech applications. Asia is also home to one of the largest peer-to-peer (P2P) lending, crowd funding, and e-commerce markets which complement its growing fintech base.

The bank worked closely with its business units and sister organisations to streamline innovation metrics.

The bank pioneered the use of technology initiatives such as AI and blockchain in India’s banking space.

Yes Bank, ICICI and Axis Bank are replacing longstanding CEOs.

The central bank has eased the liquidity coverage ratio norms of banks.

Vijaya Bank, Dena Bank and Bank of Baroda will be consolidated.

The AI-powered IRA 2.0 can identify customers, carry conversations, and guide them to specific counters based on their intended transactions.

It aims to strengthen banks’ internal grievance system.

The government has asked the central bank to prepare a list of merger candidates.