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.

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.

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.