India
LATEST ARTICLES
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Two new platforms show how India is building on top of its digital foundations. -
Despite its roots in the region, HSBC’s Asian woes have sometimes seemed endemic. It has been overly dependent on Hong Kong and too often caught in Sino-US crosshairs. But under regional co-CEOs Surendra Rosha and David Liao, the lender has regained its confidence, is more regionally diverse than ever, and is busy posting record profits.
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Outbound Chinese M&A deal-flow has slowed to a crawl even as inbound activity remains steady. So focus in the region is moving elsewhere: to rising India, steady-and-lucrative Australia and even Japan, where once-bloated conglomerates are streamlining portfolios under intense pressure from activist shareholders.
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The Japanese bank is now well placed to take advantage of growing confidence in the country.
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As relative newcomers to India’s financial markets, small finance banks have made considerable progress in attracting customers with little or no credit history. Ittira Davis, managing director and chief executive of Ujjivan Small Finance Bank, tells Asiamoney about initiatives to reach the country’s vast underbanked population.
