India
Indian court affirms ruling banning bank dealings in virtual currencies
Indian court affirms ruling banning bank dealings in virtual currencies
The regulator gave banks three months to cease all crypto operations.
Punjab National Bank shuts down nearly all operations in fraud-hit Mumbai branch
Only retail operations are said to remain operational at the Brady House branch.
Deutsche Bank zeroes in on India's bad loans
The German lender is hoping to generate massive returns by refinancing and trading debt.
Indian banks embrace AI to drive costs down
SBI has deployed a virtual assistant to resolve customer queries.
DBS on track to launch Indian subsidiary by October
The bank is only waiting for final greenlight from the central bank.
Indian banks ordered to streamline ATM security upgrades
This includes the installation of anti-skimming devices and whitelisting solutions by 2019.
India eyes stressed management company housing bad loans in power sector
Soured loans in the sector are estimated at $26.4b.
How is HDFC Bank's Nitin Chugh retaining customer centricity in digitalisation?
He talks about creating a better banking ecosystem whilst providing customers convenient experiences.
Bank of China to open branch in India
Approval from the central bank is expected shortly.
India mulls creation of asset management company to clean banking sector's bad loans
The banking sector is burdened by over $141b in stressed assets in 2017 alone.
India mulls consolidation of state banks
Bank of Baroda and Canara Bank may absorb smaller lenders.
Indian state banks flounder amidst lack of leadership
The power vacuum adds to a growing list of woes plaguing the sector.
India's Capital First receives go signal for IDFC Bank merger
This follows approval from the competition commission.
Indian banks hammered by rising credit costs amidst portfolio cleanup
Credit costs rose from 2.5% to 4.3% of loans on average at state banks.
India's $210b bad debt burden is luring profit-hungry offshore investors
Foreign funds Oaktree and Varde Partners are hoping to cash in on the trend.
Indian banks forced to a halt as employees go on strike
Employees slammed what they called “meagre” 2% pay hike.
India's public banks hammered by massive $3.81b fraud loss in 2017-18
The staggering loss impacts the future lending ability of banks.
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