India

Chart of the Week: India's fintech investments grew 19.1% in 2015-2019

In 2019, local firms raised $5.1b in total from 154 deals.

Chart of the Week: India's fintech investments grew 19.1% in 2015-2019

In 2019, local firms raised $5.1b in total from 154 deals.

India directs banks to operate during lockdown

This is to ensure that the government’s relief package reaches the poor.

Yes Bank, State Bank of India will not merge

The Indian central bank took over Yes Bank for not having enough capital.

HDFC bank appoints new Additional Non-Executive Director

Karnad has been associated with the property and mortgage industry for over 40 years.

India's shadow banks hit with $15.1b in debt repayments

Meeting the deadlines will be a challenge given the domestic funding crunch.

Huge returns boost foreign banks' investment in India

Foreign annualised ROEs grew 9.9% in the six months until end-September.

India's share of cash payments will lower to 54.1% by 2023

The government has waived merchant fees on payments through RuPay.

Indian card payments surge amidst cashless efforts

Total number of card payments quadrupled from 2 billion in 2015 to 7.8 billion in 2019.

India's Religare Finvest may see 49% haircut with rare debt recast

Its lenders have reportedly agreed to write off almost half of its $808m debt.

Indian asset risks rise amidst NBFC funding stresses

The economy has grown dependent on non-bank lenders.

More Indian NBFCs to go overseas amidst funding crunch

Local funding remains constrained as providers pull back amidst a slowing economy.

India may slash benchmark rates by 25bps in February

High unemployment and a subued manufacturing sector will drive rate cuts.

Liquidity pressures to loom over India's NBFCs in 2020

Wholesale and housing finance companies are the most vulnerable.

Indian lender Yes Bank's bad loans swells by $457m

This is more than double the $174.86m the bank disclosed as of 30 September.

India's central bank chief calls for tighter scrutiny of state-run banks

RBI has limited sway over state-owned lenders, who control 60% of the banking sector.