India

Indian banks admit massive losses to fraud

Duped out of US$817 million in the last financial year.

HSBC calls off RBS India acquisition

The proposed RBS India acquisition fell through due to HSBC's global cost cutting drive.

Indian banks hit for fake notes in ATMs

Counterfeit notes being dispensed by ATMs.

UOB's new country head for India to prioritize local corporates' expansion in SEAsia

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

Consolidation inevitable for Indian banks

Aim is to create mammoth banks that can compete globally.

United Bank of India lowers loan growth target

Sell bad loans to improve profitability.