India
Asia to lead the 21st century through financial inclusion and data-driven banking
With over $3.8b invested in Asia’s fintech ecosystem in 2017 and the emergence of a bouquet of services such as insurtech, Internet of Things (IoT) in wealth management, consumer-centric targeted services, amongst others, the region is well-poised to emerge as the leader of next generation fintech applications. Asia is also home to one of the largest peer-to-peer (P2P) lending, crowd funding, and e-commerce markets which complement its growing fintech base.
Asia to lead the 21st century through financial inclusion and data-driven banking
With over $3.8b invested in Asia’s fintech ecosystem in 2017 and the emergence of a bouquet of services such as insurtech, Internet of Things (IoT) in wealth management, consumer-centric targeted services, amongst others, the region is well-poised to emerge as the leader of next generation fintech applications. Asia is also home to one of the largest peer-to-peer (P2P) lending, crowd funding, and e-commerce markets which complement its growing fintech base.
How a ‘business first innovation' model boosted HDFC Bank's digital transformation
The bank worked closely with its business units and sister organisations to streamline innovation metrics.
Rana Kapoor reveals how innovation became YES BANK's major growth engine
The bank pioneered the use of technology initiatives such as AI and blockchain in India’s banking space.
India shakes up private bank management in bad debt crackdown
Yes Bank, ICICI and Axis Bank are replacing longstanding CEOs.
India eases cash rules for banks to soothe credit crunch
The central bank has eased the liquidity coverage ratio norms of banks.
India eyes merger of 3 state banks to create country's third largest lender
Vijaya Bank, Dena Bank and Bank of Baroda will be consolidated.
How may HDFC Bank's humanoid bot help you?
The AI-powered IRA 2.0 can identify customers, carry conversations, and guide them to specific counters based on their intended transactions.
India compels banks with over 10 branches to appoint internal ombudsman
It aims to strengthen banks’ internal grievance system.
India starts moving to merge debt-ridden state banks
The government has asked the central bank to prepare a list of merger candidates.
Indian banks urged to have cyber insurance
Smaller banks have insufficient coverage which does not cover cyber heists.
Google ties up with Indian banks to launch digital loan solutions
It aims to offer instant pre-approved loans to its app users.
The full-fledged recovery of India's banks hinges on privatisation and mergers
Overseeing 21 public sector banks has proven too difficult a task for the government.
Indian state banks recover $5.23b of bad loans in Q1
Bad loan recovery in Q1 for PNB and Indian Bank exceeded that of 2017-18.
India's Cosmos Bank loses $13.5m in crippling cyberattack
Hackers stole customer data through a malware attack on the ATM server.
India's ailing banking sector sparks call for privatisation
The quality of bank boards should be prioritised.
The worst is almost over for worn out Indian banks
An earnings turnaround is in sight by 2020 as banks start shedding off bad loans.
Indian government eyes reforms unleashing $8.72b in banking capital
Lowering the CET Tier-I ratio from 5.5% to 4.5% is expected to boost lending.
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