India
India-based Flipkart expands online grocery operations
India-based Flipkart expands online grocery operations
This will help the company compete with other big grocers, IGD said.
HDFC Bank says internet banking issues 'resolved'
Its repeated technical glitches pushed India’s central bank to take action.
India shortlists four mid-sized banks for privatisation
Two of those lenders will be selected for sale in FY2021/2022.
Two in five Indian adults to have a digital bank account by 2026
Up to 373 million locals could open a digital-only bank account in the next five years.
India's HDFC Bank posts $1.2b in Q3 profit
Gross bad loan ratio shrank to 0.8% at end-December.
Indian central bank drafts scheme for Lakshmi Vilas, DBS India merger
DBS will inject $345m into DBIL if the scheme is approved.
Chart of the Week: India's payments via UPI to reach $1.7t in 2025
The entrance of WeChat Pay is expected to intensify competition in the payments space.
Citi's Himanshu Shrivastava on banking space's digital transformation
The managing director said that technology is now a core business rather than a business enabler.
Indian banks now face less risks from corporate loans
Current performing loans can now better handle stress.
Alternative payments reign supreme in Indian e-commerce market
Share in transactions hit 54% this year.
Economic shock to hurt India's public sector banks
The government will be the likely source for recapitalisation.
Indian prime minister keen to ramp up stake sale of four banks: report
The government is pushing for privatization to help raise funds for its budget.
Improvement in sight for India's shadow lenders
But concerns still remain amongst investors amidst asset quality concerns.
Indian banks rush to lend against $1.5t hoard of gold
Firms are expanding their gold-backed loans to accommodate families sitting on $1.5t hoard of the precious metal.
Indian banks face further credit slump in Q2
Scheduled commercial banks saw weaker credit growth at 5.9%.
Chart of the Week: Lockdown easing drives card payments recovery in India
Fear of COVID-19 spread is driving consumers towards digital payment tools.
India mulls reducing number of state-owned banks to five
The first part would entail the sell-off of majority stakes in six lenders.
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