India
India's Capital First receives go signal for IDFC Bank merger
This follows approval from the competition commission.
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.
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.
Federal Bank profits plunge 44% to $21.48m in Q4 as corporate loans turn sour
Bad loans inched up to 1.7% in Q4.
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.
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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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