Data is the new oil and air – and Asian giants like India and Singapore are harnessing its power to unlock the true values of digital finance.
A real estate expert breaks down the causes for the poor performance of the sector in 2019 and suggests measures the government could adopt to revive it. Highlights: The IL&FS crisis caused a domino effect on the NBFC and banking system with institutions declaring higher than anticipated non-performing assets (NPAs) and going into a conservative lending mode. The real estate sector was probably the worst hit given that it had a sequence of poor performing years. The government mooted a [...]
Kalpana Morparia is Chairman - South and Southeast Asia at J.P. Morgan. In this interview, the banking veteran discusses the recent reforms in the Indian banking sector and her message for female CEOs in the making.
India’s recent bank mergers have brought the challenges within the Indian banking system to the forefront again, but the road ahead is brighter, writes India Inc. Founder and CEO Manoj Ladwa. The four biggest banks in the world (by assets) are Chinese. According to the S&P Global Market Intelligence 2019, China has 18 of the Top 100 banks in the world. In contrast, the largest Indian bank, the State Bank of India (SBI) ranks 54th on that list. It is [...]
The CEO of ICICI Bank UK highlights the role the bank plays in catering to the financial requirements of the Indian diaspora in the UK while also shedding light on other sectors that are ripe for collaborative opportunities between the two countries. India and the United Kingdom have a long-standing and historical relationship. This has transformed into a very strong people-to-people relationship over the last 70 years. The UK is now base to one of the most influential and strong [...]
The recent collaboration between IMT Ghaziabad and Vlerick Business School aims to equip students with a global vision and a local sensibility. Just as financial business leaders think worldwide, business schools must also think world-wide. It is a fact that best business schools are global, with campuses in different continents. Their best financial degrees are often in a partnership with other schools located overseas. Alliances between schools from different continents are built for offering the best international experience to their [...]
Rishi Khosla is the Co-Founder and CEO of Britain’s digital bank OakNorth, which specialises in small and medium enterprise (SME) lending globally, using its data and technology platform OakNorth Analytical Intelligence. The company recently completed a $100-million funding round and has doubled its loan book from $1.1 billion to $2.2 billion since the start of 2018. In this interview, the Global Indian gives an insight into this fintech success story. What are the key factors behind OakNorth’s recent hugely successful funding round? [...]
The Indian government’s decisive and structured crackdown on corrupt practices sits uneasily with any allegations of corruption, writes India Inc. Founder & CEO Manoj Ladwa. India’s Opposition are hell bent on hanging the charge of corruption and crony capitalism on Indian Prime Minister Narendra Modi, even twisting and mistranslating emails and statements in French to “prove” that the Indian government helped industrialist Anil Ambani’s Reliance Group bag the offset contracts for the Rafale fighter aircraft deal. This allegation sits uneasily [...]
The banking sector head of one of India’s leading software giants, Infosys, explores the strengths of the bilateral partnership in the field. Historically, India and the UK have been long-standing trade and investment partners. Over the past few years, the dynamic of this relationship has changed significantly driven by explosive growth, innovation and policy reform within India. A report by PwC predicts that India will become the world’s third largest domestic banking sector by 2050 after US and China. The [...]
Rana Kapoor is the Managing Director and CEO of YES Bank, one of India’s leading private sector Banks. In this interview with ‘India Global Business’, he delves into the Bank’s plans to set up base in the UK, its wider international business development model and the increasingly digitised nature of India’s banking sector. What is the timeline for the UK opening? The Representative Office in London will be inaugurated within the next 12 months, which is in line with the [...]