India

Counterfeit notes being dispensed by ATMs.

"The expansion journey of India corporations is only just beginning," says Mr Ananthakrishnan.

It's probably a record.

Aim is to create mammoth banks that can compete globally.

To expand by 220 branches.

50 percent net profit growth.

Now operating a branch in India.

Sell bad loans to improve profitability.

The first in Kargil district. 

A cautious reaction.

Shriram Group to enter banking business.

India looks to cut interest rates to prod growth.

While the world was engrossed in watching the LIBOR scandal unfold recently and banks across the world were reviewing every index with palpitation, an important development came up in India.

Indian Wealth Management sector is growing at a phenomenal pace. Most of the prominent financial services firms in the country have set up private client verticals to be a part of this growth story.

More foucs on retail segment.

Here are 4 things banks and governments alike must do to address reduction in asset quality concerns.