India
Stronger deposit base buoys HDFC Bank’s improving profits
Stronger deposit base buoys HDFC Bank’s improving profits
Return on assets of 1.8% is higher than the 1.3% industry average.
India mandates banks to issue fraud notices: report
The time allotted to respond should not be less than 21 days.
Lower costs, new lending buoy Yes Bank’s improving profits
New lending will help it meet rules, and in turn reduce operating expenses.
Planned merger broadens TCL’s diversity, auto-market exposure
Underwriting criteria may be tightened to combat integration risks.
Union Bank of India enjoys stablising earnings, improving asset quality
The bank’s recently announced fund raising will provide capital growth, says S&P.
Three Indian banks’ profitability to improve
However, their rising share of risky loans will weigh on asset quality.
RBI approves Zurich's 70% stake in Kotak Bank’s insurance arm
The acquisition is worth Rs5,560 crore.
Six Indian banks’ outlooks revised to positive as economy strengthens
Infrastructure spending will pave the way for robust economic growth, says S&P.
India rolls out online platforms and repositories for enhanced regulation
PRAVAAH makes it easier to apply for a license and obtain regulatory approval.
India’s HDFC Bank clinches $500m to support microlending for women
The loan will enable the bank to grow its microlending to women, HDFC said.
India’s central bank names new executive director
Shri R. Lakshmi Kanth Rao was previously a head at the department of regulation.
India’s ICICI enables non-resident Indian customers to make UPI payments
The service is available through the iMobile Pay app.
India's urban e-commerce thriving amidst economic challenges: report
Pandemic-induced restrictions accelerated the adoption of e-commerce.
India changes criteria for small banks seeking to be universal banks
Net worth lowered, but must be profitable in the past two years.
India floats regulations for non-bank POS payment aggregators
They are required to apply authorisation from the RBI by May 2025.
India rejects 2 applicants for a small finance bank licence
Two other applications remain under examination.
Japan’s SMBC opens a branch in India’s GIFT City
The branch is slated to open in the first half of 2024.
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