India
ICICI Bank net profit up 31% to $929m in Q2
Its loan portfolio also grew 23% compared to the same quarter last year.
ICICI Bank net profit up 31% to $929m in Q2
Its loan portfolio also grew 23% compared to the same quarter last year.
JP Morgan names India corporate banking head as interim India CEO
PD Singh has served as corporate banking head since 2021.
J.P. Morgan names Navin Wadhwani as India’s head of investment
He joins from Indian conglomerate Reliance Industries.
India’s Kotak Mahindra Bank unifies corporate banking portal with Finastra
The bank plans to add payments and collections services by end-2022.
Bengalaru remains India’s fintech leader
WealthTech captured most of the seed funding; Marketplace Lending unlikely to rebound.
India tightens rules for digital lending
Lenders may no longer increase credit limits without the consent of the borrower.
India’s Yes Bank improves credit profile following $1.1b equity capital raise
The billion dollar capital raising will strengthen resilience against asset quality risks.
DBS denies interest in India’s IDBI Bank: report
This follows after reports said that DBS is mulling purchase of a stake in the bank.
India crackdown on non-bank lending to hit fintech investments
Deal activity in Q2 was 25% lower than the previous quarter.
India’s HDFC Bank merging with housing company HDFC
Post completion, HDFC Bank will be owned 100% by public shareholders.
Axis Bank’s Citi purchase to improve profits long-term: S&P
Positive effects will only be felt starting fiscal year 2025 and onwards.
Axis Bank to buy Citi’s Indian consumer business for $1.6b
Axis Bank expects to gain more or less 3 million customers.
Weekly Global News Wrap: India’s Paytm Bank punished for data lapses; Record bonuses spur Wall Street banks’ staff churn
And Barclays suspends sales of two products related to oil, volatility.
Chart of the Week: India’s mobile wallet payments market to hit $4.1t in 2025
In 2022, the market will grow to $1.7t, according to GlobalData.
Standard Chartered India appoints Saurabh Jain as new WM head
Jain first joined Standard Chartered in 2019 as CEO of its Indian securities business.
Standard Chartered, IATA launch airline payment platform in India
IATA Pay offers instant payment options such as UPI Scan & Pay and UPI Collect.
Weekly Global News Wrap: India poised for digital rupee launch; UBS reports best annual profits since GFC
And Goldman Sachs’ US staff returns to office for the first time in 2022.
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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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Most Read
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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