Banks

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There is a real need to redefine the whole narrative around social finance

2020-10-23T14:17:44+00:00October 23rd, 2020|Interviews - India Global Business|

Chetna Gala Sinha is the founder of Mann Deshi Mahila Sahakari Bank, India's first bank for and by rural women. In this first part of an extended exclusive interview with 'India Global Business', she discusses opportunities and challenges within social finance in India, helping rural communities through Covid-19 and bridging the gender gap.

The BRICS, their bank and beyond

2018-11-16T10:41:07+00:00November 16th, 2018|2017/2018, Global Edition – November 2018|

A strategic expert traces the origins of what brought Brazil, Russia, India, China and South Africa together and what the future holds for these emerging economies of the world. Not too long ago, just about when the BRICS – Brazil, Russia, India, China, South Africa – group started with their first formal meetings and summits (the first of which took place in 2009),the standard line in leading Western publications was that this was an artificial construct, made up of disparate [...]

A new public sector merger bodes well for Indian banking reform

2020-03-24T11:39:21+00:00October 4th, 2018|2017/2018, UK Edition – September 2018|

The big news from the Indian banking sector this month has been the bold announcement that three public sector banks – Bank of Baroda, Vijaya Bank and Dena Bank – will merge to create India’s third-largest lender. Last year, India’s largest bank, the State Bank of India (SBI), merged with State Bank of Bikaner and Jaipur (SBBJ), State Bank of Mysore (SBM), State Bank of Travancore (SBT), State Bank of Hyderabad (SBH) and State Bank of Patiala (SBP) to create [...]

YES Bank gears up to establish presence in UK

2018-08-23T12:18:47+00:00August 1st, 2018|2017/2018, UK Edition - August 2018|

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 [...]

Big reforms underway but Indian banking still a long way away from good health

2020-03-24T06:27:12+00:00March 16th, 2018|2017/2018, Global Edition- March 2018, Sector Focus, Year|

The Narendra Modi government and the Reserve Bank of India (RBI) have taken major steps to bring recalcitrant promoters to book and clean up the $210-billion bad loan crisis plaguing the Indian banking system. These can address the issue for now but privatisation is not politically feasible. The scandal over fugitive billionaire Nirav Modi flying away to an unknown destination leaving behind unpaid loans of $1.8 billion has brought the festering bad loan crisis in the Indian banking system to [...]

Indian financial services companies find green pastures abroad

2020-03-12T08:28:38+00:00October 26th, 2017|2017/2018, October 2017, SECTOR FOCUS/Finance, Year|

Indian banks and investment banks are investing in global financial centres such as London, New York, Singapore and Dubai to better serve the growing and very lucrative market for cross-border deals involving Indian companies. Here’s a quiz question: Which Indian bank has the largest presence outside India? The answer is not as easy and straightforward as it looks. The top spot is claimed by two banks – Bank of Baroda, which has 51 branches in foreign countries, and State Bank [...]

Blended finance is the answer to sustainable development

2018-10-22T12:35:10+00:00May 9th, 2017|2017/2018, INDIA-UK, Special Edition – May 2017, Year|

Suma Chakrabarti has been charged with one of Europe’s leading development banks for five years and has spent considerable energy in striking a strong connect with India. Sir Suma tells ‘India Global Business’ how Indian companies can take the lead in re-defining the world’s development agenda. What is your bank’s engagement with India like? The European Bank for Reconstruction and Development (EBRD) already works with a number of Indian companies in our countries of operation and we want to engage [...]