India
Indian banks maintain strong earnings momentum in Q4
Year-end interest income rose 15.6% amidst sustained credit recovery.
Indian banks maintain strong earnings momentum in Q4
Year-end interest income rose 15.6% amidst sustained credit recovery.
India makes headway with public bank mergers
India is reportedly aiming to merge Punjab National Bank with up to three other banks.
Citi ties up with Paytm to launch credit card in india
The card offers waives an annual fee of $7.10 on annual spending over $710.
JP Morgan Invests in Indian fintech startup
Global PayEx offers a cloud-based platform that facilitates electronic invoice sharing.
India zeroes in on new bank merger candidates
Punjab National Bank, Union Bank of India and Bank of India are possible targets.
Chart of the Week: Indian banks' credit growth hit 13.2% in mid-April
Deposits grew by 10%.
Deutsche Bank appoints Kaushik Shaparia as chief country officer for India
He currently serves as global head of subsidiary coverage.
Indian banks grapple with $10m liquidity crunch
Lower government spending and higher cash withdrawal contributed to the deficit.
Will India see more smaller bank acquisitions?
The proposed merger between Lakshmi Vilas Bank and Indiabulls Housing Finance could be the catalyst to change the tide.
India could impose bad debt resolution rules on state banks: report
Lenders are hit with a total bad debt of $146b.
Indian banks successfully dent bad loans in 2018
The NPL ratio fell to 10.8% from 11.5% the previous year.
Delayed accounting rules bring reprieve to debt-ridden Indian banks
State banks would have to raise $16b in provisions in Q1 if the rules kicked into effect.
Deutsche Bank establishes bad-loan buying unit in India
More than 29 asset reconstruction companies have been set up after 2002.
IDBI Bank puts up $1.4b of bad loans for sale
It holds the unenviable distinction as the bank with the worst-bad loan ratio.
State Bank of India sets up joint venture with Hitachi unit for digital payments
The JV will use business analytics to study how to penetrate unbanked towns.
Chart of the Week: Indian banks hit by liquidity crunch
The growth in bank credit has eclipsed that of deposits which aggravated liquidity shortage.
Central Bank of India puts up $468m worth of bad loans for sale
Interested parties should submit an EOI and sign non-disclosure agreements for an e-auction on 20 March.
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