India

DBS on track to launch Indian subsidiary by October

The bank is only waiting for final greenlight from the central bank.

DBS on track to launch Indian subsidiary by October

The bank is only waiting for final greenlight from the central bank.

Indian banks ordered to streamline ATM security upgrades

This includes the installation of anti-skimming devices and whitelisting solutions by 2019.

How is HDFC Bank's Nitin Chugh retaining customer centricity in digitalisation?

He talks about creating a better banking ecosystem whilst providing customers convenient experiences.

Bank of China to open branch in India

Approval from the central bank is expected shortly.

India mulls creation of asset management company to clean banking sector's bad loans

The banking sector is burdened by over $141b in stressed assets in 2017 alone.

India mulls consolidation of state banks

Bank of Baroda and Canara Bank may absorb smaller lenders.

Indian state banks flounder amidst lack of leadership

The power vacuum adds to a growing list of woes plaguing the sector.

India's Capital First receives go signal for IDFC Bank merger

This follows approval from the competition commission.

Indian banks hammered by rising credit costs amidst portfolio cleanup

Credit costs rose from 2.5% to 4.3% of loans on average at state banks.

India's $210b bad debt burden is luring profit-hungry offshore investors

Foreign funds Oaktree and Varde Partners are hoping to cash in on the trend.

Indian banks forced to a halt as employees go on strike

Employees slammed what they called “meagre” 2% pay hike.

India's public banks hammered by massive $3.81b fraud loss in 2017-18

The staggering loss impacts the future lending ability of banks.

India's massive bailout fails to buoy banks out of earnings rut

Little will be left for lending from the government’s $32b capital injection.

A tale of two cities: India's newest banks are some of the world's most profitable

AU Small Finance Bank’s return-on-equity hit 56% versus 11% for JPMorgan Chase.

State Bank of India expects recovery after hitting rock bottom with $1.13b Q4 loss

The bank expects to grow loans at an annual average of 12% and bring bad loans below 6%.

Chart of the Week: Check out how much bad loans Indian banks still bear

Gross NPAs climbed from 8.93% in September to 10.14% in March.