India
Indian state banks recover $5.23b of bad loans in Q1
Indian state banks recover $5.23b of bad loans in Q1
Bad loan recovery in Q1 for PNB and Indian Bank exceeded that of 2017-18.
India's Cosmos Bank loses $13.5m in crippling cyberattack
Hackers stole customer data through a malware attack on the ATM server.
India's ailing banking sector sparks call for privatisation
The quality of bank boards should be prioritised.
The worst is almost over for worn out Indian banks
An earnings turnaround is in sight by 2020 as banks start shedding off bad loans.
Indian government eyes reforms unleashing $8.72b in banking capital
Lowering the CET Tier-I ratio from 5.5% to 4.5% is expected to boost lending.
Ailing Indian banks shore up on fees from non-maintenance of minimum balance
State Bank of India led the pack in collecting customer penalties.
YES Bank Q1 loan growth doubles by 53% while state counterparts flounder
Retail and business lending ballooned by 56%.
HDFC loan growth beat industry average at 22% in Q1
Personal, credit card, two-wheeler and business lending performed strongly.
Overdue property loans deals another blow to weakened Indian banks
Banks are struggling to recover around $20b of loans from developers.
India to close a third of overseas public sector bank branches
Around 70 foreign branches may be shuttered by end 2018.
India's Federal Bank secures clearance to expand to Bahrain, Kuwait and Singapore
It is only awaiting local approval before starting operations.
India set to inject $2b into ailing state banks
The latest capital infusion aims to enable banks to build capital buffers.
India needs to trim its bloated banking sector: CEA Subramanian
A healthy system has between three to five public and private sector banks.
Indian ATMs and bank branches are falling short of hot demand
Rajasthan village has no banking infrastructure to serve its 5,500 residents.
India's PNB aims to reverse steep downfall with one-off share sale
The bank reportedly plans on selling its stake in its housing finance unit.
Korean banks secure clearance to expand foothold in India
KEB Hana Bank and KB Kookmin Bank are looking to tap into India's growing wealth.
Indian banks' loan growth up 12.84% in June
Lending to retail and SME buoyed embattled banking sector.
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