India
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.
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.
India slaps $1.5m fine on four banks for non-compliance in SWIFT messaging
Karnataka Bank was hit with $564,000 worth of penalties.
DBS to set up over 100 touchpoints in India
The bank plans to open nine new branches in March alone.
Bank-backed online loan approval platform in India plugs SME funding gap
Since its launch in November 2018, the platform approved loans worth $4.23b.
India's massive recapitalisation still leaves banks $23b short
The government’s bailout is not enough to boost loan growth.
Indian shadow banks face cash crunch as developer defaults mount
Cash-short developers have to repay around $18.15b in outstanding debt.
India's Allahabad Bank seeks clearance to transfer bad loans from Hong Kong unit
It aims to sell its lone overseas branch in Hong Kong.
Indian banks swing back into the black in Q4
Earnings hit $21.56m with private banks leading the quarterly gains.
India slaps 4 public sector lenders with $705,000 fine
Corporation Bank’s penalty hit $282,000.
Indian banks make headway in denting bad debt in Q3
The growth of gross NPAs fell to 8.4% from 30.4% the previous year.
India eyes holding company structure for banks in bid to speed up consolidation: report
It has been proposed that a FHC will have the main bank as subsidiary.
India lifts curbs on three public sector banks as recovery looms
They have successfully met capital and bad loan requirements.
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Standard Chartered Hong Kong wins big at ABF Retail Banking Awards 2024
![Standard Chartered Hong Kong wins big at ABF Retail Banking Awards 2024]()
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The bank’s efforts and achievements have become a testament to its commitment to its colleagues and the communities it serves in.
The bank’s efforts and achievements have become a testament to its commitment to its colleagues and the communities it serves in.
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1. Labour force upskilling needed as SG nears 'super-aged' status 2. MAS, IBF working on gen AI job impact map 3. Australia’s P&N Bank scraps proposed merger with Beyond Bank 4. Australia’s P&N, Beyond Bank likely to seek other merger opportunities 5. Singapore’s financial sector employment rose 4,800 in 2023Events
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