India

Bad loans in India's private banks expand fivefold in past five years

The sector bore $16.03b in bad loans as of end-March.

Bad loans in India's private banks expand fivefold in past five years

The sector bore $16.03b in bad loans as of end-March.

Fraud-hit PNB needs $1.91b in capital infusion to meet regulatory requirements

The massive capital shortage is expected to cripple loan portfolio up to 2019.

Indian banks team up in blockchain-powered trade finance network

The collaboration will leverage on Infosys Finacle’s technology.

Fraud-hit PNB hammered by largest ever quarterly loss for an Indian bank

The state lender reported a $1.98b loss as it books provisions to cover a massive fraud.

ICICI slippages hit $2.28b in Q4 as stress loans moved into NPLs

However, the bank is nearing its asset quality downturn and improvements are in sight.

Bad loans bog down Indian state banks with $1.4b loss in Q4

The banking sector is saddled with a massive $210b in problematic loans.

India's private banks profit from demonetisation drive

The country’s ultra wealthy are shunning property and gold and turning to equity and debt investments.

Axis Bank's massive bad loan cleanup signals fresh start

The bank has diversified its loan mix to retail and SMEs to avoid poor asset quality.

HDFC Bank rolls out second version of humanoid bot for branch banking

It will be deployed to its Koramangala branch in India.

Can Indian banks weather the last wave of bad loan resolution?

Profitability is set to suffer but cleaner balance sheets will produce benefits in the long-run.

HDFC Bank loan growth hits 19% in FY18 as retail business outperforms

Loans particularly auto, credit cards, and business banking charged ahead.

YES BANK receives go signal to open London and Singapore offices

It aims to serve the Indian population in the two economies.

Bank account ownership in India surges to 80%

The Jan Dhan Scheme has brought an additional 310 million people into the banking system.

India's banking woes dampen economic outlook

The banking sector is saddled with $210b in problem loans. Bloomberg reports that India’s chronic bad debt problem has spiraled beyond the control of the formal banking sector to the extent that it has dampened economic forecasts for the country. "The problems in India’s banking system are self-inflicted mostly because of lack of due diligence," said N.R. Bhanumurthy, a Delhi-based economist at the National Institute of Public Finance & Policy. "Of course this will affect growth."

Indian banks are facing another massive cash crunch

ATM withdrawals are surging as the country still reels from the 2016 demonetisation.

Kotak Bank zooms past SBI to stand as India's second most valuable lender

Its $33.84b market cap beats the state-bank by a mere margin.