India
Troubled India rumoured to have world’s third largest banking sector
Troubled India rumoured to have world’s third largest banking sector
KPMG said this could happen by 2025.
India eases up on government bond purchases by FIIs
Aimed at halting debilitating rupee fall.
India’s Exim-Bank opens Rangoon office
Will help promote trade between India and Burma.
Woori and Mahindra to organize JV for vehicle financing
Will help finance vehicles sales for Ssangyong Motor.
India’s Finance Ministry now oversees all financial sector regulators
Forward Markets Commission latest to some under FM.
ICICI launches India’s first “Branch on Wheels”
It's part of the bank’s financial inclusion initiative.
Rajan announces confidence boosting measures for banks
New banking licenses will be issued by January.
Moody’s downgrade hits 11 Indian banks
ICICI, SBI among those involved.
New RBI Governor takes office today
Raghuram Rajan faces staggering problems from sinking rupee.
RBI eases restrictions on capital outflows
Also allows Indian companies more discretion to raise funds.
Low ATM penetration plagues India
Rural areas remain under served.
IT spend by Indian banking sector to grow 13%
Spending could hit US$6.3 billion.
Indian banks warned of prolonged credit pressures due to sharp currency slide
But there are 2 potential silver linings.
India to introduce four-tier banking structure
Will promote financial stability and resiliency.
India forms currency swap agreements task force
Intends to help bridge the current account deficit.
Ambani confident about profitability of his new bank
Claims bank will list in three years.
Indian banks’ profitability at its lowest since 2009
But the worst is yet to come.
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