India

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.

Immunity from job losses highlights India as key profit center.

The game begins when the Federal Reserve System allows commercial banks to create checkbook money out of nothing. When such a loan is placed on the bank's books it is shown as an asset because it is earning interest and, presumably, someday will be paid back.