India
ICICI Bank sells 6% stake in life insurance arm for INR19.5b
ICICI Pru’s valuation is now INR325b.
ICICI Bank sells 6% stake in life insurance arm for INR19.5b
ICICI Pru’s valuation is now INR325b.
Low capital levels haunt India's public sector banks
Capital levels range from 6-10%.
More than 50% of the population across emerging Asia still unbanked
But financial inclusion in emerging Asia has visibly progressed since 2011.
YES BANK selected into the Dow Jones Sustainability Indices
It is the first Indian bank to be indluded in the DJSI.
Indian non-banking financial companies' NPLs to soar by up to 100bps
But asset quality will stabilize over the next 12 months.
Digital platforms to drive 20% of Indian banks' profit by 2020
Digitisation will happen sooner rather than later.
RBI issues 'in-principle' license to eleven entities for payments bank
Are these menaces to established banks?
India's state-owned banks suffer 13.27b rupee profit drop
These banks are struggling.
India eyes reforming public banks with seven-part plan
It could lead to greater transparency.
RBI expected to ease rates by 25bps by end-2015
Lower inflation would open room for easing.
Indian banking sector's weakness deemed 'highly skewed' by analysts
As 80% of restructured loans are with small banks.
India's new debt restructuring rules address troubled corporate loan exposure
These can significantly help banks.
India banks can now convert debt into equity
Major boost for stressed loans recovery efforts.
State Bank of India's strong FY15 core performance drives 20% net profit growth
But a strong FY16's also expected.
Indian public banks' asset quality deemed much weaker than expected
Improvement has been marginal.
ICICI Bank asset quality worsens with impairment at INR45b
Higher slippages from restructured loans troubling.
Is corporate credit in India slipping or bottoming?
Amid slowdown perceived by RBI data.